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Smart tips to help maximize your charitable giving — and your tax benefits

As the end of the year approaches, you’ve probably noticed your inbox filling up with requests from charities asking for year-end donations. Giving is important, especially now. Like so many people, you may find yourself stressed as you scramble to locate receipts and track contributions to document your tax deductions for 2023. You may also discover that organizing your giving differently could have resulted in greater tax benefits.

Here are a few tips to help you maximize your tax deductions, be more intentional about your giving, and reduce stress not just in December, but throughout the year.

Organizing your giving with a charitable tax vehicle that offers an immediate tax deduction. 

If you support multiple charities, consider using a vehicle to streamline your philanthropy. One option is a private foundation, which enables you to put aside money in advance, take a tax deduction up front, and plan your grant-making over time. But the drawback is that private foundations are costly to set up, and you will still need to manage your record-keeping and tax filings. A simpler option is a donor advised fund, which organizes your charitable giving, eliminates record-keeping, and doesn’t require filing a 990 form. That’s why donor advised funds (DAFs) are the fastest-growing charitable vehicle.

Donor advised funds help get money to your charities swiftly and securely. 

Donor advised funds (DAFs) are a flexible and tax-efficient way to give, and most DAFs can be opened with a minimum contribution of $5,000. When you contribute to a DAF you qualify for an immediate deduction, regardless of when and how many charities you support. The DAF provides the only receipt you’ll need. Most DAF accounts are managed on a secure portal. At Jewish Communal Fund, you can make grants and see your giving and contribution history when you log in. You can recommend grants to IRS-approved charities in every sector.

Donate cash or appreciated securities to maximize your tax savings and earn tax-free income.

Cash contributions to a donor advised fund or other public charity are generally eligible for an income tax deduction of up to 60% of your adjusted gross income (AGI). If you have appreciated securities — held for more than 12 months — you can electronically transfer shares to a donor advised fund and claim a fair market value deduction of up to 30% of adjusted gross income. Even better, you will not be subject to capital gains tax on the appreciated portion of the contribution. After the DAF sponsor (the organization where you have your account) liquidates the stock, the proceeds are credited to your fund, enabling you to make grants to multiple charities. At Jewish Communal Fund, you may choose from a robust selection of investments, and the tax-free earnings will be rebalanced into your Jewish Communal Fund account.

Plan ahead and respond swiftly when there is a crisis. 

Putting money aside when you have additional income such as a bonus, appreciated securities, or an inheritance allows you to be more tax-efficient and intentional with your giving. So when a crisis occurs, like the terrible Oct. 7 attack on Israel or a devastating natural disaster, you will be ready to help with a donation with the click of a button. Grants from Jewish Communal Fund are sent out within two to three days.

Use a donor advised fund to group contributions for several years of giving

You can make a contribution to a donor advised fund by “bunching” what you would have contributed to charities over the next two to three years, enabling you to reach the threshold for itemizing your tax return and qualifying for a maximum tax deduction. Many DAFs do not have an annual minimum distribution requirement, so you can set the timetable for making grants. 

Terminate a private foundation using a DAF.

If you already have a private foundation, you can transfer assets to a DAF to eliminate the expense and administrative burden. Unlike the private foundation, your confidentiality is protected because DAFs report in the aggregate rather than disclosing information on individual fundholders. 

Engage the next generation with a community of Jewish philanthropists.

At Jewish Communal Fund, parents or other family members may open funds for their adult children between the ages of 18-30 with a contribution of only $1,800. This is an effective way to help the next generation begin their own philanthropic journey as part of a network of Jewish givers.

Why choose Jewish Communal Fund?

JCF is the largest and most experienced Jewishly affiliated donor advised fund in the nation, with over $2.8 billion in charitable assets for 4,700 funds. Each year, JCF’s board of trustees makes a $2 million gift from its revenues to the annual campaign of UJA-Federation of New York. JCF’s endowment, the Special Gifts Fund, makes annual grants on behalf of fundholders to support organizations that promote the welfare and security of the Jewish community at home and abroad. After the outbreak of the war in Israel, JCF’s trustees awarded $500,000 from the Special Gifts Fund for the Israel Emergency Fund of UJA-Federation of New York. 

Additionally, JCF’s endowment has supported kosher food pantries, JCCs, Jewish summer camps, and services for the elderly and Holocaust survivors. Unlike commercial DAFs, JCF offers Jewish values investments such as Israel Bonds and an Israeli exchange-traded fund (ETF). JCF’s recoverable grant program partners with the leading Jewish loan societies – Hebrew Free Loan Society in the U.S. and Ogen in Israel. Just by using JCF to help streamline your giving, you will stand with a proud network of Jewish philanthropists supporting the Jewish community’s important communal organizations. 

*This is not accounting advice, so consult with your accountant regarding your own personal situation.

Ellen Smith-Israelson is the CMO and vice president of philanthropic services at Jewish Communal Fund. Her career in philanthropy spans 36 years working in the arts, higher education and Jewish organizations. For help deciding whether a donor advised fund is right for you, visit JCFNY.org or contact the JCF team to request more information or schedule a call.


The post Smart tips to help maximize your charitable giving — and your tax benefits appeared first on Jewish Telegraphic Agency.

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Ilhan Omar Slapped With Ethics Complaint From Conservative Watchdog Over Holding Rally With Ex-Somali PM

US Rep. Ilhan Omar (D-MN) participates in a news conference, outside the US Capitol in Washington, DC, April 10, 2019. Photo: Reuters / Jim Bourg

US Rep. Ilhan Omar (D-MN) has been slapped with an ethics complaint by the American Accountability Foundation (AAF), a conservative watchdog group, for holding an event with former Somali Prime Minister Hassan Ali Khaire. 

Last weekend, Khaire took the stage with Omar in support of her reelection campaign. AAF argued Khaire’s presence at Omar’s campaign rally constituted a violation of the US Federal Election Campaign Act and demanded the congresswoman step down from office. 

“We are deeply concerned by Ilhan Omar’s illegal campaign rally with the former prime minister of Somalia. Omar already has a long history of statements indicating her disdain for America and allegiance to Somalia, but this goes beyond statements,” the AAF wrote. 

“Now her campaign has taken action to involve a foreign leader in an American election. She must resign immediately and return every dollar raised for her at this disgraceful rally,” the watchdog continued.  

The organization argued Omar potentially committed two infractions against the Federal Election Campaign Act. 

First, AAF alleged that the congresswoman “knowingly accepted former Somalia Prime Minister Hassan Ali Khaire’s services at her campaign events.” They asserted this action exceeded the “limited volunteer services permitted by a foreign national and involves impermissible decision-making.”

Second, the watchdog claimed that Khaire was possibly “compensated by a prohibited source.” The organization suggested that Ka Joog, a Minneapolis-based nonprofit that focuses on “empowering Somali American youth,” organized and funded Khaire’s trip to America. AAF argued that Omar likely “knowingly accepted a corporate contribution associated with Mr. Khaire’s travel and lodging costs” with the goal of boosting voter turnout among Minnesota’s Somali-American community. 

During Omar’s campaign rally in Minnesota last weekend, Khaire gave an impassioned speech, urging the audience to vote for the congresswoman. 

“Support her with your votes, tell your neighbors and friends, and anyone you know to come out and support Ilhan Omar,” Khaire said. “And knock on every door you can so that she can be re-elected.”

Khaire then added, Ilhan’s interests aren’t those of Minnesota or the American people but those of Somalia.”

“No one is above the law — even members of the Squad” of far-left lawmakers in the US House, AAF president Thomas Jones wrote in a statement. “Not only were Khaire’s comments about Omar deeply disturbing, but the rally was also a blatant violation of US election laws. Omar must resign immediately and return every dollar raised by Khaire for her campaign.”

Omar’s campaign counsel David Mitrani denied that the congresswoman violated any elections laws. 

“This ethics complaint is another attempt by the far-right to smear the congresswoman,” Mitrani told the New York Post

“Congresswoman Omar’s campaign had absolutely no involvement in requesting, coordinating, or facilitating Mr Khaire’s appearance or his comments, and accordingly there was no violation of law,” he continued. 

Khaire’s claim that Omar’s “interests” are with Somalia rather than the American people raised eyebrows, with critics pointing out that she has previously criticized the American Jewish community for supposedly maintaining “allegiance” to the government of Israel. 

“I want to talk about the political influence in this country that says it is OK for people to push for allegiance to a foreign country,” Omar said during a 2019 speech in reference to the American Israel Public Affairs Committee, a lobbying organization aimed at fostering a closer US-Israel relationship.

“Accusing Jews of harboring dual loyalty has a long, violent, sordid history,” said Steve Hunegs, executive director of the Jewish Community Relations Council of Minnesota and the Dakotas, in response to Omar’s comments.

During her five-year stretch as a US representative, Omar has emerged as one of Israel’s fiercest critics, repeatedly accusing the Jewish state of enacting “apartheid” and “ethnic cleansing” against Palestinians. She has supported the boycott, divestment, and sanctions (BDS) movement against Israel, an initiative which seeks to economically punish and isolate the Jewish state as the first step toward its elimination.

The congresswoman came under fire after waiting a whole two days to comment on Hamas’ Oct. 7 slaughter of over 1200 people across southern Israel. Despite slow-walking a condemnation of Hamas’ atrocities, she was one of the first congresspeople to call for Israel to implement a “ceasefire” in the Gaza strip. 

Omar enraged both Democratic and Republican lawmakers after she referred to Jewish college students as being either “pro-genocide or anti-genocide” while visiting Columbia University in April.

The post Ilhan Omar Slapped With Ethics Complaint From Conservative Watchdog Over Holding Rally With Ex-Somali PM first appeared on Algemeiner.com.

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California Jury Convicts Neo-Nazi Who Brutally Murdered Gay Jewish Teenager

Samuel Woodward, recently convicted of the hate crime murder of 19-year-old Blaze Bernstein, a gay Jewish teenager from California. Photo: Orange County Sheriff’s Office

A jury in Orange County, California on Wednesday convicted a neo-Nazi of the hate-crime murder of a gay Jewish teenager he lured to the woods under the false pretense of a furtive hook-up.

According to court documents, Samuel Woodward — a member of the Neo-Nazi group the Atomwaffen Division — stabbed 19-year-old University of Pennsylvania student Blaze Bernstein over two dozen times in 2018 after pretending in a series of Tinder messages to be interested in a first-time homosexual encounter.

Bernstein was unaware of Woodward’s paranoiac and hateful far-right ideology, however. The now 26-year-old Woodward had withdrawn from college to join the Atomwaffen Division — whose members have been linked to several other murders, including a young man who killed his ex-girlfriend’s parents — idolized Adolf Hitler, and would spend hours on Grindr searching for gay men to humiliate and “ghost,” ceasing all contact with them after posing as a coquettish “bicurious” Catholic.

“I tell sodomites that I’m bi-curious, which makes them want to ‘convert’ me,” Woodward said in his diary quoted by The Los Angeles Times. “Get them hooked by acting coy, maybe then send them a pic or two, beat around the bus and pretend to tell them that I like them and then kabam, I either un-friend them or tell them they have been pranked, ha ha.”

In another entry, Woodward wrote, “They think they are going to get hate crimed [sic] and it scares the s— out of them.”

On the day of the killing, Woodward agreed to drive Bernstein to Borrego Park in Foothill Ranch, where he stabbed him as many as 30 times and buried him in a “shallow grave,” according to various reports. He never denied his guilt, but in court his attorneys resorted to blaming the crime on his being diagnosed with Asperger’s Syndrome and feeling conflicted about his sexuality, LA Times reported. As the trial progressed, his attorneys also made multiple attempts to decouple Woodward’s Nazism from the murder, arguing that it was not a hate crime and that no mention of his trove of fascist paraphernalia and antisemitic and homophobic views should be uttered in court.

“No verdict can bring back Blaze. He was an amazing human and humanitarian and a person we were greatly looking forward to having in our lives, seeing wondrous things from him as his young life unfolded” the family of the victim, who has been described by all who knew him as amiable and talented, said in a statement shared by ABC News. “From this funny, articulate, kind, intelligent, caring, and brilliant scientist, artist, writer, chef, and son, there will never be anyone quite like him. His gifts will never be realized or shared now.”

With Wednesday’s guilty verdict, Woodward may never be free again. He faces life in prison without parole at his sentencing on Oct. 25.

Follow Dion J. Pierre @DionJPierre.

The post California Jury Convicts Neo-Nazi Who Brutally Murdered Gay Jewish Teenager first appeared on Algemeiner.com.

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Opinion: The folly of pro-Palestinian protesters screaming at Jewish teenage girls playing softball in Surrey, B.C.

Did the protesters even realize who would be on the field when they showed up?

The post Opinion: The folly of pro-Palestinian protesters screaming at Jewish teenage girls playing softball in Surrey, B.C. appeared first on The Canadian Jewish News.

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