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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.

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

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Doorstep Postings: The unbearable lightness of Justin Trudeau’s final Hanukkah as prime minister

This is a special year-end edition of Doorstep Postings, the periodic political commentary column written by Josh Lieblein for The CJN.

You all know the story that we tell this time of year: a group of Jews decided they were done with Jewish particularism and said, “Let us go an make a covenant with the nations around us” (1 Maccabees 1:11) and decided to gaslight the rest of the community into seeing things their way—and it ended very, very badly for them.

As such, Hannukah is a time for the revealing of secrets, the banishing of shadows, and the airing of grievances. Having recently reached a milestone age associated with acquiring Jewish wisdom, my own personal miracle is that after enduring 40 years of threats/promises of the imminent collapse of society and sweeping revolution, 40 years of lectures about the moral and physical decay of the West, 40 years of the most obnoxiously self-righteous folks walking the planet breathlessly informing us all of the latest irreconcilable contradiction within capitalism, I’ve finally gotten to the point where I can’t muster anything more than an eye roll anymore. 

This is because, just like every year before it, 2024 was a year of unmitigated disaster for our self-appointed reformers. I’m not just talking about Trump’s resurgence, Ukraine’s persistence, the overthrow in Syria, Hamas’s withering away, proclamations that we have reached ‘peak wokeness’, the rise of artificial intelligence and the tech bros, and the failure of centrist electoral projects everywhere but here in Canada. This was the year where the left willingly and gleefully discarded the one thing they had going for them: their tenuously held moral authority.

The success of any left-wing project hinges on successfully convincing a critical mass of undecideds that they are not like the amoral and callous right who wants you to die for their profit motive. They’ve got your best interests at heart. They’re going to sit down and hear you out and govern with joy and hope and kindness, which are alien concepts to those weird, cruel, genocidal and greedy conservatives. 

Now those of us who have been on this merry-go-round for a few turns know that it’s not that simple. Plenty of left-folks want to actively harm the rich and those they deem to be colonizers, bigots, and other associated ruling class bootlickers. The violence perpetrated by those in power justifies violence in return. This is a somewhat difficult platform to get elected on, however, because people have a bad habit of hardening their hearts in response to being threatened. And so we need suitable empty vessels to try and convince the voters that the radicals are just that: loud angry voices on the margins. The political operatives charged with laundering the baser left-wing impulses must carefully use language to make it seem that there is some daylight between them and the ends-justify-the-means crowd. 

This is a difficult task to perform because it involves not only fooling a plurality of people, if not all of the time, then for as long as the particular political project lasts. First, the operatives must trick themselves into believing in their own unimpeachable moral authority. Only once they have convinced themselves that they are the most empathic and equity-minded folks to ever draw breath can they engineer the rise of someone like Justin Trudeau. Anyone who was paying attention a decade ago could see the parallel rise of two movements: lifelong Liberals working on earned media pieces announcing the return of the Trudeau dynasty, and mostly anonymous lunatics on Tumblr who were still licking their wounds from the failure of the Occupy Movement, claiming that it was literally impossible to be racist against white people because ‘racism’ against white people wasn’t systematic. 

And as it happened, a lot of the self-proclaimed radicals bought the hype, because they saw in Trudeau something they know all too well in themselves. The desire to be loved and celebrated and told they are good, kind and moral despite, and in many cases because of, their own desire to commit and justify violence in the name of creating a better and more equal world. The Trudeau of 2015 was no less authoritarian than the figure clinging to power at the end of 2024. All that’s changed is that the radicals can no longer excuse Trudeau’s narcissism while holding out for him to bring about a world that is more equal—which is to say, a world where they have the power to do harm to their enemies. These days, Mr. Grow the Economy From the Heart Outward seems more interested in trying and failing to implement GST holidays while forcing Canada Post workers back to actual work. 

Still even as the Liberals try to envision a future without Trudeau, they remain engaged in other muddled projects, such as trying to sell the idea that Canada is engaged in an ongoing genocide but must somehow endure lest we be absorbed into the sucking Trumpist hellhole directly below us. Clearly, the Liberal Party is no longer a place for voters who are into sexy CEO-murderers, or who think Oct. 7 was an act of righteous resistance to oppression, or take China’s claims of imminent world domination seriously while denouncing Elon Musk’s similarly ridiculous pronouncements. 

But even though both the more and less radical wings of the progressive movement have had an off year and are barely speaking to one another again, we can rest assured that so long as they have to convince themselves of their own goodness they will continue to try and split this atom. Attempts to reject binaries will lead to more black and white thinking. Progressive governments will fall back into the status quo. Tumblrs will give way to Blueskys. Trudeau will fall out of favour for a few years only to be asked back after a few years of Poilievre—or some other Liberal saviour will rescue the brand. They will cast about for a new podcast hero or a leftist version of the Hawk Tuah Girl. They will insist that senile politicians are fit as fiddles, anoint barely literate fan-fiction writers as cultural arbiters, and cast lawbreakers as secular saints while vilifying anyone who’s afraid of being attacked on the street or public transit.

If the past 40 years are anything to go by, they will be as confused as ever as to why capitalism persists, why people don’t accept carbon taxes, why the world fails to condemn Israel to their liking, why poor and rural folks don’t “vote their interests”, why voters fall for Poilievre’s slogans, and why there are attempts to draw an equivalence between CEOs who condemn people to death and the people who kill those CEOs. The answer to all these questions are the same, and it’s that impure oil just burns differently—and trying to pass it off as holy can only come off as gaslighting. 

Josh Lieblein can be reached at joshualieblein@gmail.com for your response to Doorstep Postings.

The post Doorstep Postings: The unbearable lightness of Justin Trudeau’s final Hanukkah as prime minister appeared first on The Canadian Jewish News.

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Doorstep Postings: The unbearable lightness of Justin Trudeau’s final Hanukkah as prime minister

This is a special year-end edition of Doorstep Postings, the periodic political commentary column written by Josh Lieblein for The CJN.

You all know the story that we tell this time of year: a group of Jews decided they were done with Jewish particularism and said, “Let us go an make a covenant with the nations around us” (1 Maccabees 1:11) and decided to gaslight the rest of the community into seeing things their way—and it ended very, very badly for them.

As such, Hannukah is a time for the revealing of secrets, the banishing of shadows, and the airing of grievances. Having recently reached a milestone age associated with acquiring Jewish wisdom, my own personal miracle is that after enduring 40 years of threats/promises of the imminent collapse of society and sweeping revolution, 40 years of lectures about the moral and physical decay of the West, 40 years of the most obnoxiously self-righteous folks walking the planet breathlessly informing us all of the latest irreconcilable contradiction within capitalism, I’ve finally gotten to the point where I can’t muster anything more than an eye roll anymore. 

This is because, just like every year before it, 2024 was a year of unmitigated disaster for our self-appointed reformers. I’m not just talking about Trump’s resurgence, Ukraine’s persistence, the overthrow in Syria, Hamas’s withering away, proclamations that we have reached ‘peak wokeness’, the rise of artificial intelligence and the tech bros, and the failure of centrist electoral projects everywhere but here in Canada. This was the year where the left willingly and gleefully discarded the one thing they had going for them: their tenuously held moral authority.

The success of any left-wing project hinges on successfully convincing a critical mass of undecideds that they are not like the amoral and callous right who wants you to die for their profit motive. They’ve got your best interests at heart. They’re going to sit down and hear you out and govern with joy and hope and kindness, which are alien concepts to those weird, cruel, genocidal and greedy conservatives. 

Now those of us who have been on this merry-go-round for a few turns know that it’s not that simple. Plenty of left-folks want to actively harm the rich and those they deem to be colonizers, bigots, and other associated ruling class bootlickers. The violence perpetrated by those in power justifies violence in return. This is a somewhat difficult platform to get elected on, however, because people have a bad habit of hardening their hearts in response to being threatened. And so we need suitable empty vessels to try and convince the voters that the radicals are just that: loud angry voices on the margins. The political operatives charged with laundering the baser left-wing impulses must carefully use language to make it seem that there is some daylight between them and the ends-justify-the-means crowd. 

This is a difficult task to perform because it involves not only fooling a plurality of people, if not all of the time, then for as long as the particular political project lasts. First, the operatives must trick themselves into believing in their own unimpeachable moral authority. Only once they have convinced themselves that they are the most empathic and equity-minded folks to ever draw breath can they engineer the rise of someone like Justin Trudeau. Anyone who was paying attention a decade ago could see the parallel rise of two movements: lifelong Liberals working on earned media pieces announcing the return of the Trudeau dynasty, and mostly anonymous lunatics on Tumblr who were still licking their wounds from the failure of the Occupy Movement, claiming that it was literally impossible to be racist against white people because ‘racism’ against white people wasn’t systematic. 

And as it happened, a lot of the self-proclaimed radicals bought the hype, because they saw in Trudeau something they know all too well in themselves. The desire to be loved and celebrated and told they are good, kind and moral despite, and in many cases because of, their own desire to commit and justify violence in the name of creating a better and more equal world. The Trudeau of 2015 was no less authoritarian than the figure clinging to power at the end of 2024. All that’s changed is that the radicals can no longer excuse Trudeau’s narcissism while holding out for him to bring about a world that is more equal—which is to say, a world where they have the power to do harm to their enemies. These days, Mr. Grow the Economy From the Heart Outward seems more interested in trying and failing to implement GST holidays while forcing Canada Post workers back to actual work. 

Still even as the Liberals try to envision a future without Trudeau, they remain engaged in other muddled projects, such as trying to sell the idea that Canada is engaged in an ongoing genocide but must somehow endure lest we be absorbed into the sucking Trumpist hellhole directly below us. Clearly, the Liberal Party is no longer a place for voters who are into sexy CEO-murderers, or who think Oct. 7 was an act of righteous resistance to oppression, or take China’s claims of imminent world domination seriously while denouncing Elon Musk’s similarly ridiculous pronouncements. 

But even though both the more and less radical wings of the progressive movement have had an off year and are barely speaking to one another again, we can rest assured that so long as they have to convince themselves of their own goodness they will continue to try and split this atom. Attempts to reject binaries will lead to more black and white thinking. Progressive governments will fall back into the status quo. Tumblrs will give way to Blueskys. Trudeau will fall out of favour for a few years only to be asked back after a few years of Poilievre—or some other Liberal saviour will rescue the brand. They will cast about for a new podcast hero or a leftist version of the Hawk Tuah Girl. They will insist that senile politicians are fit as fiddles, anoint barely literate fan-fiction writers as cultural arbiters, and cast lawbreakers as secular saints while vilifying anyone who’s afraid of being attacked on the street or public transit.

If the past 40 years are anything to go by, they will be as confused as ever as to why capitalism persists, why people don’t accept carbon taxes, why the world fails to condemn Israel to their liking, why poor and rural folks don’t “vote their interests”, why voters fall for Poilievre’s slogans, and why there are attempts to draw an equivalence between CEOs who condemn people to death and the people who kill those CEOs. The answer to all these questions are the same, and it’s that impure oil just burns differently—and trying to pass it off as holy can only come off as gaslighting. 

Josh Lieblein can be reached at joshualieblein@gmail.com for your response to Doorstep Postings.

The post Doorstep Postings: The unbearable lightness of Justin Trudeau’s final Hanukkah as prime minister appeared first on The Canadian Jewish News.

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IDF Releases Investigation into Discovery of 6 Hostages’ Bodies

i24 News – The IDF released on Tuesday the investigation into the murder of six abductees at the end of August: Carmel Gat, Eden Yerushalmi,

Goldberg-Polin, Alexander Lubnov, Almog Sarusi, and Sergeant Ori Danino.

According to the findings of the investigation, when the IDF operation began in the area of the tunnel, Major General Nitzan Alon did not believe abductees would be in the area. As the operation continued, the military assessment said the probability was even lower.

The abductee who was extricated, Qaid Farhan Alkadi, was found alone, as neither he nor additional terrorists taken from the area provided indications to the additional abductees.

In the absence of new information, the operation continued in the area, the investigation said. Only then did the forces locate the bodies of the six abductees. In addition, forensic findings were found indicating that Hamas leader Yahya Sinwar had been there. It remains unclear whether he gave the order to murder the abductees himself. No signs of struggle during the murder were found in autopsies.

IDF Spokesperson Daniel Hagri visited the tunnel and described the harsh conditions in which the six abductees endured. “They were heroes who were cold-bloodedly murdered by terrorists who build tunnels under children’s rooms,” he said. “We will hunt them down and know exactly who they are, we will find the one who murdered them. The teams here collect all the evidence from the scene.”

“We didn’t know the exact location of the hostages in the tunnel. They were killed before we could reach them. We are investigating the incident of their names being leaked prior to their rescue. This is a very serious event that is harmful to the families and the security of the forces on the ground.”

The post IDF Releases Investigation into Discovery of 6 Hostages’ Bodies first appeared on Algemeiner.com.

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