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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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The Iran Nuclear Deal Trump Wants
Atomic symbol and USA and Iranian flags are seen in this illustration taken, September 8, 2022. Photo: REUTERS/Dado Ruvic/Illustration/File Photo
JNS.org – A fourth round of talks between Tehran’s envoys and Steve Witkoff, US President Donald Trump’s lead negotiator, did not take place in Rome over the weekend as had been expected.
Neither Tehran’s spokesmen nor the US State Department gave a clear explanation for why, but I’ll venture a guess: Iran’s rulers want concessions in exchange for continuing to talk.
They think Trump needs negotiations more than they do. Their assessment is based on years of palaver with presidents Obama and Biden.
Iranian Supreme Leader Ali Khamenei hopes that, concession by concession, he can convince Trump to embrace a warmed-over version of Obama’s Iran nuclear deal, the fatally flawed Joint Comprehensive Plan of Action (JCPOA), which Trump called “a horrible one-sided deal that should never, ever have been made.”
Sunday on “Meet the Press,” President Trump reiterated what he wants: “Total dismantlement [of Tehran’s nuclear weapons program]. That’s all I would accept.”
That means no uranium enrichment or reprocessing, and a halt to the regime’s development of missiles that can deliver nuclear warheads to American cities.
Witkoff is not a career diplomat. That may prove advantageous. Too often, career diplomats are overly eager to conclude deals because doing so brings them professional plaudits.
If those deals turn out to be bummers, so what? By then, the diplomats will have been promoted or awarded a professorship at an elite university where they can hold forth on The Art of Diplomacy.
That’s how North Korea became nuclear-armed after decades of negotiations and agreements.
That’s how Syria retained a stock of chemical weapons after the Obama administration claimed a Russian-mediated dialogue had brought about the destruction of the Assad regime’s CW arsenal.
The 2015 JCPOA is an especially egregious example. As Sen. Tom Cotton observed: “The deal didn’t block Iran’s path to the bomb; it paved the path.”
Obama argued that no one could have achieved a better deal than he had—an unfalsifiable argument. He also said that the only alternative to his deal was war—another unfalsifiable argument.
A policy of “peace through strength”—which was not Obama’s policy but is Trump’s—implies that your adversaries are more fearful of you than you are of them because they recognize your superior might and don’t doubt your willingness to act if push comes to shove.
To be fair, 10 years ago, Tehran had what was believed to be a first-rate missile-defense system supplied by Russia, and commanded powerful terrorist proxies throughout the Middle East and beyond.
You know what happened next: In 2017, Trump became president. The next year, he withdrew the United States from the JCPOA and began to impose serious strains on Iran’s economy.
On Jan. 3, 2020, Trump terminated with extreme prejudice Qassem Soleimani, the skillful commander of Iran’s elite Quds Force, responsible for killing hundreds of Americans and determined to kill hundreds more.
No war resulted and, by the end of that year, Tehran had just $4 billion in accessible foreign exchange reserves, limiting the support it could provide to Hezbollah, Hamas, Palestinian Islamic Jihad, its Shi’ite militias in Iraq and Syria, and the Houthi rebels in Yemen.
These effective policies came to a halt when Trump moved out of the White House and Biden moved in.
Hoping to seduce Iran’s rulers back into some version of the JCPOA, Biden gave them sanctions relief, pouring tens of billions of dollars into their coffers. He lifted the terrorist designation from the Houthi rebels.
Iran’s rulers smelled weakness, which did not mitigate their hostility toward “the Great Satan,” their determination to exterminate “the Little Satan” or their grand ambition to become the most powerful Islamic empire since the fall of the Ottomans.
Deploying thousands of advanced centrifuges, they expanded their nuclear weapons program, producing highly enriched uranium, and began the computer modeling necessary to make a nuclear warhead.
They sold oil to Beijing and drones to Russia for use in its war of aggression against Ukraine. Scores of attacks by Iran’s terrorist proxies in Iraq and Syria against American troops went unanswered by the Biden administration.
On Oct. 7, 2023, Hamas, bolstered by Iranian funds, weapons and training, invaded Israel and staged the worst massacre of Jews—and anyone who happened to be Jew-adjacent—since the Holocaust.
Since then, Israel has fought on multiple fronts. Hezbollah has been decimated. Tehran’s proxy in Syria has been overthrown.
Following two missile and drone attacks on Israel directly from Iranian soil in 2024, the Israeli Air Force destroyed most of Iran’s missile defense systems and severely degraded the regime’s ballistic missile production capability.
Iran’s rulers are now weaker and more vulnerable than they’ve been since the end of its war with Iraq in the 1980s.
President Trump has stated clearly: “We will not allow a regime that chants ‘Death to America!’ access to the most deadly weapons on earth.”
Others who support “dismantlement” include presidential advisers Marco Rubio, Pete Hegseth, Mike Waltz and the Senate Republican Conference, along with evangelical leaders.
So, too, does Witkoff. He has Trump’s ear and trust. If his Iranian interlocutors remain intransigent, there’s no reason for him not to report that to the president. No deal is better than a bad deal.
George Shultz, one of the most skillful American diplomats of the 20th century, left us this insight: “Negotiations are a euphemism for capitulation if the shadow of power is not cast across the bargaining table.”
Shultz had the experience and wisdom to recognize how the real world works. He understood that “peace through strength” is not just a catchy phrase. It’s a policy that must be implemented with confidence, courage and determination.
The post The Iran Nuclear Deal Trump Wants first appeared on Algemeiner.com.
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Hamas in Talks with US About Gaza Ceasefire and Aid, Says Senior Palestinian Official
Palestinians displaced by the Israeli military offensive, shelter in tents, in Gaza City May 11, 2025. REUTERS/Dawoud Abu Alkas
Talks between Hamas and the US administration regarding a ceasefire in Gaza and the entry of humanitarian aid to the besieged enclave were underway, a senior Palestinian official familiar with the discussions told Reuters on Sunday.
US President Donald Trump recently repeated a pledge to help get food to Palestinians in Gaza. A US-backed mechanism for getting aid into Gaza should take effect soon, Washington’s envoy to Israel also said on Friday.
There was no immediate comment from the US State Department.
The US had previously conducted discussions with the Palestinian terrorist group on securing the release of US hostages held in Gaza.
Since March 2, Israel has completely cut off all supplies to the 2.3 million residents of Gaza, and food stockpiled during a ceasefire at the start of the year has all but run out.
On March 18, Israel effectively ended the January ceasefire agreement with Hamas and renewed its military campaign in Gaza.
The post Hamas in Talks with US About Gaza Ceasefire and Aid, Says Senior Palestinian Official first appeared on Algemeiner.com.
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Israel Fully Endorses Trump’s Plan for Gaza Aid, Minister Says
Israeli Foreign Minister Gideon Saar attends a joint press conference with Italian Foreign Minister Antonio Tajani (not pictured), in Rome, Italy, Jan. 14, 2025. Photo: REUTERS/Guglielmo Mangiapane
Israeli Foreign Minister Gideon Saar said on Sunday that Israel fully endorses US President Donald Trump’s plan for Gaza aid.
Trump recently repeated a US pledge to help get food to Palestinians in Gaza. A US-backed mechanism for getting aid into Gaza should take effect soon, Washington’s envoy to Israel also said on Friday.
The post Israel Fully Endorses Trump’s Plan for Gaza Aid, Minister Says first appeared on Algemeiner.com.
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