January 2020 We’re delighted to announce that since the launch of the JCF Social Impact Loan Program in November 2018, JCF Fundholders have provided nearly $1.2 million in interest-free loans to Hebrew Free Loan Society (HFLS) borrowers in need. To date, this capital made possible 135 loans ranging in size from $2,000 to $50,745. The average loan size was…
Donor Advised Funds “played an important countercyclical role during the financial crisis a decade ago,” according to researchers As nonprofits prepare themselves for an eventual market downturn, one “bright spot” in individual giving are those who were savvy enough to set up donor advised funds when the stock market was at an all-time high. A…
Jewish Communal Fund ranked No. 8 in The Chronicle of Philanthropy’s most recent Top 10 Donor Advised Funds list, as measured by contributions to the DAF in fiscal year 2018. Overall, America’s 10 biggest sponsors of donor advised funds took in $21.5 billion last year, an increase of 24.7 percent since 2017, according to the Chronicle.…
It’s the best time of year to lock in your charitable tax deduction By Ellen Israelson, VP of Philanthropic Services Last year, many tax breaks disappeared due to the tax reform law, resulting in a larger tax bill for many. The list of now-extinct deductions includes personal exemptions, unlimited state and local tax deductions, and…
by Kathleen Hays, Global Economics and Policy Editor for Bloomberg Television and Radio Jay Powell led the Federal Reserve in one of its most dramatic policy reversals in recent history in 2019. After hiking rates four times the year before, the Fed suddenly paused in January. And then in July it cut its key rate…