We would like to correct an error that appeared in “The ABCs of Donor-Advised Funds” (Nov. 13), which stated that “Jewish Communal Fund charges a fee if a fund falls below a certain balance.” That is untrue; JCF does not currently, and has never in the past, charged a fee if a fund falls below a certain balance.
As the largest and most active Jewish donor-advised fund in the country, JCF offers our fund holders tremendous value. In addition to facilitating their grant-making and providing a secure online portal for all grant-making activities, we also host educational events and webinars on topics including the latest philanthropic trends, estate planning considerations, and giving to Israeli charities.
Our revenues and fees enable us to make a $2 million annual grant to UJA-Federation of New York. This past year, our endowment, The JCF Special Gifts Fund, approved grants of over $800,000 to launch a kosher food pantry at the Mid-Island Y JCC, fund start-up costs for a Jewish daycare at the Educational Alliance, renovate the activity building at Camp Oakhurst, and sponsor an intergenerational Holocaust program (Witness Theater) at the Ramaz School. In choosing JCF to facilitate their charitable giving, our fund holders play an important role in supporting critical Jewish initiatives.
CEO, Jewish Communal Fund