Ways You Can Contribute to a JCF Donor Advised Fund

Maximize tax benefits with a wide range of charitable assets accepted

Whether you’re establishing a new donor advised fund or replenishing an existing fund, JCF makes it easy to contribute cash, appreciated securities and more.

Read on for details about your preferred method, and get in touch if you need assistance or have questions about other types of assets. To ensure that your contribution is credited to your account as quickly as possible, please fill out the Contribution Notification Form.

Please note, JCF cannot directly accept IRA distributions while the Fundholder is living.

Convenient ways to contribute to your fund:
(Click for detail)

Check
Wire cash
Credit card
Transfer securities
Mutual fund shares
Cryptocurrency
Matching gifts
Complex assets and real property (case-by-case basis)
Contributing to a memorial, wedding or Bar/Bat Mitzvah fund

In addition to the assets listed here, JCF accepts assets from most trusts including Charitable Lead Trusts and Charitable Remainder Trusts, and from Private Foundations.

Third-party Contributions

Relatives, friends, and business associates may contribute to JCF donor advised funds in any amount. The following rules apply:

Third-party contributors may make contributions to your fund and receive a letter of acknowledgement from the Jewish Communal Fund, but may not have any privileges with respect to the fund.
You may not guarantee that specific grant recommendations will be honored in exchange for contributions made by third parties to your fund.
Third-party contributors may not receive anything in exchange for or in consideration of their contribution under federal tax law and Jewish Communal Fund policies.

Processing Contributions

Processing times vary for different asset types. Generally speaking, the Jewish Communal Fund will liquidate contributions as quickly as possible after all the required paperwork has been received and processed. Contribution acknowledgements are usually sent within 3-5 business days after the contribution has been credited to your fund. During high volume periods, the processing time for contributions may be longer.

Mail a Check

Make your check payable to Jewish Communal Fund and write the fund name in the memo portion. In an effort to ensure the safety of your contributions by check, we request that all checks be mailed to the following addresses for processing:

Mailing Address:

Jewish Communal Fund
P.O. Box 24134
New York, NY 10087-4134

Overnight Mailing Address:

JPMorgan Chase – Lockbox Processing
Attn: Jewish Communal Fund and #24134
4 Chase Metrotech Center
7th floor East
Brooklyn, NY 11245

If you are contributing to a Memorial, Wedding, Bar/Bat Mitzvah, or group fund: Please be sure to write “In honor of” or “In memory of” in the memo portion of your check so that we can credit your gift to the correct fund.

Wire Cash

Please notify us if you intend to wire cash so that we may credit the gift to your fund and issue you a contribution receipt. The wiring instructions are as follows:

Wiring funds to the Jewish Communal Fund can be done as follows:

Bank: JPMorgan Chase Bank
Bank Address: 277 Park Avenue, NY, NY 10172
Account #: 134760786
ABA #: 021 000 021
Name: Jewish Communal Fund

(For International Wires, use Foreign Swift ID: CHASUS33)

Please advise us as to the details of the wire so that it can be identified and accounted for accordingly – namely:

Amount of wire
Date of wire
To which fund/account
The name and address of the donating party (so that an appropriate substantiation letter can be provided).

Credit Card

Jewish Communal Fund accepts online donations from Discover, MasterCard, Visa and American Express cardholders. Please note that a fee of 1.99% plus $0.49 per transaction will be deducted from all debit/credit card transactions. All credit card contributions will be available in your fund for grant-making within 2 – 3 business days. JCF will mail a tax receipt for the full amount of your donation. Donate Online.

Transfer Securities

To donate long-term appreciated securities (i.e., securities that you have owned for more than one year), please authorize your broker to transfer the shares to our account via DTC. Please consult your financial institution for instructions. Please advise us of the securities you are transferring so we may anticipate and appropriately credit your fund.

DTC instructions are as follows:

Account title/registration: Jewish Communal Fund
Via DTC #: 0235
Receiving Firm/Institution Name: RBC Capital Markets
Account #: 7T8 40082
Contact: Igor Musayev
Telephone Number: 646-843-6889

The donor is not subject to a capital gains tax on the appreciated portion of the contribution. A donor to a DAF may claim a fair market value deduction on the gift date. Generally speaking, the fair market value is determined by averaging the highest and lowest quoted selling prices on the date the gift is received. Gifts of appreciated securities may be deducted up to 30% of adjusted gross income in the tax year in which the contribution is made. Any excess among may be carried forward and deducted up to the 30% limit in the 5-year period after the year of the contribution.

Mutual Fund Shares

To donate long-term appreciated mutual funds (i.e. mutual funds that you have owned for more than one year), please authorize your broker to transfer the shares to our account via DTC. Please ensure the mutual funds are not coming from an IRA. Please consult your financial institution for instructions. Please advise us of the mutual funds you are transferring so we may anticipate and appropriately credit your fund.

DTC instructions are as follows:

If DTC is not available, please contact Igor Musayev for instructions.

Cryptocurrency

JCF accepts any cryptocurrency that can be accepted and liquidated through Coinbase Prime. Donating appreciated digital assets can be a tax-efficient way to support your philanthropy. Cryptocurrencies must be held for more than one year to qualify for full tax benefits.

Before You Donate:

Please consult your tax advisor. The IRS requires a qualified appraisal for cryptocurrency donations. Some JCF Fundholders have used Charitable Solutions LLC for appraisals, which starts at $150.

How to Contribute:

Contact Igor Musayev at [email protected] with the name and symbol of the cryptocurrency you wish to donate.
Igor will provide the appropriate wallet address.
Send a small test transfer and wait for confirmation.
Once confirmed, complete the remainder of your transfer.
Once the assets settle in JCF’s Coinbase Prime account, they will be sold during business hours.
Proceeds are generally available in your Fund 2 business days after the sale is executed.
JCF will issue an acknowledgement letter for tax reporting purposes.

To claim a deduction for your gift, please file IRS Form 8283 (Section B). JCF is required to sign this form. Please contact Igor or Rachel Redlich for assistance.

Matching Gifts

Certain companies will match a contribution to a donor advised fund or a grant issued from the fund as part of their corporate matching gift program. Please check with your employer to determine if contributions to your donor advised fund or grants made from the fund qualify for a matching gift.

Other Assets

In the case of restricted, closely held or Rule 144 stock, real estate, art, or other unusual assets, the Jewish Communal Fund maintains a policy governing the terms and circumstances by which we will accept such gifts. Our policy is to review the proposed gift with our legal counsel and to ensure that the gift can be liquidated within an appropriate period of time. Acceptance of such gifts is at the discretion of the Board of Trustees and may be subject to conditions and fees. Donors contributing non-marketable assets will be required to sign the terms of this agreement. Kindly call us to discuss your proposed contribution.

Contributing To A Memorial, Wedding, Bar/Bat Mitzvah Fund

Jewish Communal Fund offers several ways to easily contribute in any amount to the lifecycle fund of a relative or friend, such as a Bar or Bat Mitzvah Fund, Wedding Fund or Memorial Fund. Remember to designate your donation for a specific fund so that we can credit your gift to the appropriate fund upon receipt. Call us at 212.752.8277 if you need assistance with your donation. Each contribution made to the Jewish Communal Fund entitles the contributor to receive all the tax benefits allowed by law. Once the Jewish Communal Fund accepts a contribution, it is irrevocable.