Professional Advisors

Our Foundation is here to help you and your clients to engage in effective philanthropy in a simple and meaningful manner. We do not provide legal or financial advice to our donors, and we always suggest that individual donors seek the guidance of a professional advisor when engaging in legacy and financial planning. We are here to partner with you for the benefit of your client, and our professional staff and volunteer professionals are available to facilitate efficient charitable giving.

We offer a variety of charitable vehicles including:

Donor-Advised Philanthropic Fund

Established by the donor(s) to make donations to charitable organizations.

Donor Advised Philanthropic Fund Agreement

Non-endowed – Minimum $1,000

  • Established by the donor(s) to make donations to charitable organizations.
  • Donor recommends distributions to a single charitable organizations of their choice or to multiple charities.
  • Donor can control the timing of their income tax deductions, taking the deduction immediately but retaining the ability to grant distributions from the fund at any time in the future.
  • Donor can make additional contributions in subsequent years.
  • Donor can avoid capital gains tax when appreciated stock is gifted to our Foundation for the benefit of the donor’s chosen charitable organization(s).
  • Access to funds and grant-making is available 24 hours per day through our Donor Online Access.

Endowment Fund

Donor Advised Endowment Fund Agreement

Established by the donor(s) to permanently preserve the corpus of the fund. (separate page link below)

Minimum $10,000

  • Established by the donor(s) to permanently preserve the corpus of the fund.
  • Donor states the purpose and names the beneficiaries.
  • Distributions are made from available earnings based on the spending rate.
  • Can be funded during the donor’s lifetime, or through a bequest, life insurance policy, or Individual Retirement Account (IRA).

Family Foundations

Separate nonprofit corporation with its own identity and structure offering a cost-effective, simplified alternative to a private foundation. (separate page link below)

  • Separate nonprofit corporation with its own identity and structure offering a cost-effective, simplified alternative to a private foundation.
  • Established by donor(s) to make donations to charitable organizations through a board of trustees, with a majority elected by the Jewish Community Foundation of Orange County.
  • Additional contributions can be made at any time in any amount, and donor controls the timing of income tax deductions.
  • May remain in perpetuity.
  • Allows the family to be involved as desired during the donor’s lifetime and/or after donor’s passing.
  • Donor(s) may name the Foundation for their family or may honor or memorialize a family name or loved one, thereby identifying the donor’s charitable giving with the chosen Foundation name.
  • Supporting foundations within the Jewish Community Foundation of Orange County may collaborate with other foundations in grant-making, and may utilize our Foundation as a resource to match family philanthropic interests with community needs.
  • Supporting foundations qualify for the maximum charitable income tax deduction allowed to public charities, which exceeds the deduction allowed to private foundations.
  • Donor’s attorney prepares the Supporting Foundation documents, and the donor’s Financial Professional files the tax return at the donor’s cost.

Life Income Funds & Charitable Lead Trusts

There are a variety of ways your client may benefit their favorite charitable organizations while receiving a fixed, guaranteed sum of money for life.

Charitable Gift Annuity

[Minimum Annuity is $10,000 for 1 life and $15,000 for two lives]

  • A simple contract between the Donor and our Foundation in which the Donor transfers cash or publicly traded stock to the Foundation for the benefit of the Donor’s chosen charitable organization(s), and the Donor receives a guaranteed, fixed sum of money for life or joint lives.
  • The Jewish Community Foundation of Orange County is licensed by the State of California to issue Charitable Gift Annuities by the State Department of Insurance.
  • Through a Deferred Charitable Gift Annuity, a donor can provide an increased cash flow for any beneficiary’s life at a later date.
  • Lifetime payment amounts are set by the American Council on Gift Annuities based on the beneficiary’s age at the time payments begin and when the gift is made.
  • Donor receives an immediate charitable deduction on income tax, and may avoid capital gains tax.
    Partially tax free payments are distributed quarterly.
  • The remainder of the Annuity establishes an endowment fund within the Jewish Community Foundation for the benefit of any charitable organization(s) chosen by the Donor.

Charitable Remainder Trust

Charitable Remainder Trusts are a good way for your client to obtain a charitable income tax deduction, avoid capital gains tax for the sale of appreciated securities or real estate, and reduce estate taxes while providing a donation to a favorite charitable organization in a permanent endowment.

  • Assets are transferred to a charitable trust, and the Donor receives an immediate charitable deduction.
  • Donor can convert appreciated assets, such as stock or real estate, into income without incurring immediate capital gains tax.
  • Income is produced for the Donor and/or beneficiaries, and increased cash flow can occur now or at a later time and may be used to fund a retirement plan.
  • The Donor may receive more income than the original asset through funds invested at a higher yield.
  • The trust assets are removed from the estate for estate tax purposes (some of the Donor’s expected life income may be included in the estate depending on the existence of named trust beneficiaries).
  • The Donor can control income and charitable beneficiaries, with the remainder of the trust passing to charitable organization(s) of the Donor’s choice.

Charitable Lead Trusts

These trusts enable donors in high estate and gift tax brackets to benefit charitable organization(s) of their choice and to pass principal to family members with little or no tax penalty .

  • Donor irrevocably transfers assets to a charitable trust.
  • During the donor’s lifetime, income from the charitable trust benefits one or more charities designated by the donor for a term of years or for a lifetime.
  • After the termination of the charitable trust, the remaining trust assets can pass to donor’s designated beneficiaries/heirs (children/grandchildren).
  • The transfer of assets to the donor’s beneficiaries occurs at greatly reduced or eliminated federal estate and gift tax cost.
  • This vehicle works well for donors anticipating high estate and gift taxes, but the grantor trust is not exempt from income tax and gifts to the trust do not qualify for annual gift exclusion unless the final beneficiary is a charitable organization.
  • May be created during the donor’s lifetime or through the donor’s Will or Living Trust.

Organization-Advised Endowment Fund

Established by not-for-profit agency to permanently preserve corpus. (separate page link below)

Minimum $10,000

  • Established by not-for-profit agency to permanently preserve corpus.
  • Organization may state a specific purpose for the fund.
  • Distributions are made from available earnings based on spending rate.
  • Additional contributions can be made at any time in any amount, by donors or by the Organization itself.

Organization Custodial Fund

A not-for-profit organization may state a specific purpose for the fund.

Non-endowed – Minimum $10,000

  • Not-for-profit organization may state a specific purpose for the fund.
  • Distributions can be made from both corpus and earnings.
  • Additional contributions can be made at any time in any amount, by donors or by the Organization itself.

We are here to support effective philanthropy, and our professional services are available to serve the charitable interests of your clients with complete confidentiality. For more information about the Foundation’s complementary services please contact us at: 949 435-3490 or wendy@jcfoc.org.

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