A supporting foundation is an independent, nonprofit corporation with its own identity and corporate structure affiliated with your federation endowment/foundation. Generally, establishment of a supporting foundation requires a minimum of $1 million in assets.
While it qualifies as a public charity with all attendant tax benefits, it has many of the advantages of a private foundation. Its own board of trustees, including yourself, a majority appointed by the federation and others appointed by you, governs your supporting foundation, determining investment strategies and policy matters.
Trustees meet at least annually to decide on grant making, focusing on your special interests. Because your supporting foundation is linked in perpetuity with your Jewish federation, succeeding generations of your family will carry on your tradition of tzedakah.
For more information about how a supporting foundation can work for you, your family, and your community, call your local federation endowment director or your personal financial advisor today.
For more information about how planned giving and legacy opportunities can work for you, your family, and your community call the Savannah Jewish Federation Director or your personal financial advisor today.
Disclaimer: Jewish Federations of North America Planned Giving and Endowment does not provide legal advice. Donors are encouraged to seek independent tax and legal counsel.
To the right are the different categories of the Foundations and Funds available for donations. Please click the category header to get the complete listings of funds for that category. If you are interested in establishing a Philanthropic Fund, please contact Adam Solender, Executive Director, at 912.355.8111.