PHILANTHROPIC FUNDS: Create your own “Foundation”
Jewish Foundation of GREATER DAYTON
GRANT & SCHOLARSHIP DEADLINES: INNOVATION GRANTS
› Request for proposals for programs taking place July 1, 2014 - June 30, 2015. Applications can be requested from Jodi Phares beginning January 2, and applications are due to Jodi Pares by March 15. (610-5513, jphares@jfgd.net) Awarded grants will be announced in May. JEWISH RESIDENTIAL CAMP SCHOLARSHIPS › Available to local youths to participate in a Jewish residential camp program. Funding made possible through the Joan and Peter Wells Summer Camp Scholarship Fund and by a generous donation from Carole and Bernie Rabinowitz. Applications can be requested from Alisa Thomas, and applications are due to Alisa Thomas by noon on March 28. (610-1796, anelligan@ jfgd.net) Awarded grants will be announced in May. JEWISH FOUNDATION COLLEGE SCHOLARSHIPS › Available to Jewish undergraduate and graduate students for the 2014/2015 academic year. Applicants must demonstrate both academic achievement and financial need. Funding made possible through the Heuman Scholarship Fund. Applications can be requested from Alisa Thomas, and applications are due to Alisa Thomas by noon on March 28.
(610-1796, anelligan@jfgd.net)
Awarded grants will be announced in May.
We are grateful to the generous members of the Dayton community who have established endowment funds or provided donations that offer support for us to recognize and reward deserving community members.
Are you looking for a way to simplify your charitable giving? Does the idea of having your own Foundation appeal to you? Then a donor advised fund through the Jewish Foundation of Greater Dayton might be a great option. By opening a donor advised fund (also referred to as a philanthropic fund), you can easily fulfill your philanthropic goals and manage your giving, all from one account. Unlike a restricted fund, a donor advised fund allows you, or anyone you designate, to make grant recommendations to qualified 501(c)(3) organizations (commonly referred to as charitable organizations). Requests are not limited to Jewish 501(c)(3) organizations – any qualifying 501(c)(3) organizations can be recommended. The Jewish Foundation of Greater Dayton makes recommending a grant simple, and it only takes a minute or two of your time. Once you establish a fund, simply notify us with the name of the 501(c)(3) organization you would like to recommend a grant to and the amount – and that’s it! We handle the rest. The Foundation staff will make sure your requests are processed accurately and in a timely manner (usually 3-5 business days). How easy is that? A donor advised fund can also help in tax and financial planning. If someone has an unusually high income or substantial long-term capital gains in a particular year, they can contribute to their donor advised fund, receive a charitable tax deduction that year, and recommend grants in future years. We recommend speaking with your attorney or financial advisor regarding any tax questions you may have.
It was important for us to establish our fund with an organization that we trust and whose work in the Jewish community is something we believe in and support. We both feel it is our responsibility and privilege to give to those who are less fortunate than we are. We like the fact that as grantors of our fund, we have input into how the money is donated. - Angela & Joel Frydman
Joel Frydman, chair of the Jewish Foundation of Greater Dayton Board, and his wife, Angela, have a donor advised fund. Joel and Angela like the idea of investing their money in a fund that benefits the Jewish Federation of Greater Dayton, which receives an administrative fee on all donor advised funds. It also provides Joel and Angela with an effective way to donate their money. “It was important for us to establish our fund with an organization that we trust and whose work in the Jewish community is something we believe in and support. We both feel it is our responsibility and privilege to give to those who are less fortunate than we are. We like the fact that as grantors of our fund, we have input into how the money is donated.” Bob Heuman, chair of the Investment Committee, and his wife, Vicky, also have a donor advised fund. They are very happy with how the Jewish Foundation of Greater Dayton funds perform. “Past performance is good and grant recommendations have always been honored in a timely manner. In addition, the Investment Committee sticks to a disciplined approach, which allows the Jewish Foundation of Greater
Dayton to outperform most other foundations.” The Foundation Board meets quarterly with independent investment consultants from Fourth Street Performance Partners to review the performance of the funds and ensure our investments are providing the best possible return. Quarterly statements are sent to fund holders so they can track their fund’s activity and performance. If you would like more information about donor advised funds, or if you are ready to set up a fund, please contact Cathy Gardner, Executive Vice President/CEO or Cheryl Carne, Chief Development Officer, at 937-610-1555. We look forward to speaking with you. In compliance with requirements imposed by IRS Circular 230, please be advised that any tax advice contained in this article is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the IRC or (ii) promoting, marketing or recommending to another party any transaction or other matter addressed herein.
Alisa Thomas
Development Coordinator Jewish Foundation of Greater Dayton
Legacies, Tributes, & Memorials JFGD CAMPAIGN IN HONOR OF › David Pierce Mary Rita and Norman Weissman IN MEMORY OF › Shirley Mintz Mimi and Stuart Rose › Sidney Shane Mary and Dr. Gary Youra OBSERVER ENDOWMENT IN HONOR OF › The 60th wedding anniversary of Evelyn and Richard Solgan Martha and Edward Kimball IN MEMORY OF › Carol Pavlofsky Keri and Don Cohen JFS SPECIFIC ASSISTANCE FUND IN MEMORY OF › Sidney Shane Hyla and Dr. Raymond Weiskind SOCIAL SERVICE AGENCY IN HONOR OF › Special birthday of Ned Rosenthal › Special birthday Walter Ohlmann › Special anniversary Elaine and Melvin Mayerson › Special anniversary Sylvia and Ralph Heyman Susan and Jonas Gruenberg IN MEMORY OF › Sidney Shane Cathy Gardner
JEWISH FEDERATION of GREATER DAYTON AGENCY NEWSLETTER
SENIOR SERVICE AGENCY IN MEMORY OF › Sidney Shane Esther and DeNeal Feldman Ellie and Bob Bernstein Lisa and Jeff Samuelson BEN AND DOROTHY HARLAN CHILDREN’S FUND IN MEMORY OF › Sidney Shane Marla and Dr. Stephen Harlan LINDA RUCHMAN MEMORIAL FUND IN HONOR OF › 91st birthday of Rick Harris Judy and Marshall Ruchman IN MEMORY OF › Ernest Ostreicher › Bernie Fisher Diane and Jim Duberstein JEREMY BETTMAN B’NAI TZEDEK YOUTH PHILANTHROPY FOUNDATION IN HONOR OF › Mary Rita Weissman receiving the Humanitarian Award from the NCCJ Jean and Todd Bettman IN MEMORY OF › Sidney Shane Jean and Todd Bettman HOLOCAUST MEMORIAL FUND IN HONOR OF › 90th birthday of Robert Kahn Ellie Brown
ROBERT AND MOLLIE FITTERMAN PROFESSIONAL DEVELOPMENT FUND IN MEMORY OF › Robert and Mollie Fitterman Susan and Alan Witte ROBERT L. CLINE AND RITA Z. CLINE BIKUR HAVERIM FUND IN HONOR OF › Continuing good health to Bobbie Kantor Meredith A. Cline IN MEMORY OF › Kay Sokol › Roz Klein Nelson Meredith A. Cline DOROTHY B. MOYER YOUNG LEADERSHIP FUND IN MEMORY OF › In Yahrzeit memory of Elmer L. Moyer › In Yahrzeit memory of Sheila D. Moyer Marcia and Richard Moyer & Family BENJAMIN R. SHAMAN COMMUNITY RELATIONS FUND IN MEMORY OF › Ruth Rosset › Zachary Abuza Dorothy Finder and Family › Ruth Rosset Beth Kornberg and Family JCC EARLY CHILDHOOD FUND IN HONOR OF › Speedy recovery to Suzanne Vlahos Jane and Dr. Gary Hochstein