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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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Jewish US Rep. Josh Gottheimer Announces Run for New Jersey Governor

US Rep. Josh Gottheimer (D-NJ) at a press conference in Bergenfield, New Jersey, US on June 5, 2023. Photo: Kyle Mazza/NurPhoto via Reuters Connect

US Rep. Josh Gottheimer (D-NJ) announced on Friday that he will launch a campaign to become the next governor of New Jersey.

Gottheimer, who is Jewish, announced his decision in front of a packed crowd in a diner. He told the audience that he aims to raise living standards and lower expenses for the state’s residents if he wins office. 

“Jersey has given me and my family so much opportunity. I want to make sure everyone has the same shot to get a degree, go into a trade, start a business or get a good paying job, to raise their families, and do it all year,” Gottheimer said. 

Gottheimer added that he wants to reduce the tax burden and slash bureaucracy for the residents of New Jersey, claiming that they stymie the state’s economic competitiveness.

The lawmaker also announced that he plans to help defend New Jersey’s Jewish population by signing a law “against the antisemites who are harassing Jewish or any other communities all over this state.”

During his time in the US House of Representatives, Gottheimer has established himself as a bipartisan problem solver and a strong ally of Israel. He has often criticized the progressive wing of the Democratic party for taking adversarial positions against the Jewish state. 

In the year following Hamas’s slaughter of roughly 1,200 people throughout southern Israel last Oct. 7, he has positioned himself as a stalwart defender of the Jewish state, urging the US federal government to continue to assist Israel in defeating the Palestinian terrorist group and rescuing the remaining hostages in Gaza.

He has advocated for furnishing the Jewish state with arms to defeat Hamas and has condemned members of his own party who feel otherwise as “despicable.” In the past, the lawmaker has also vowed to “kill” any burgeoning efforts to place conditions on aid to Israel.

Gottheimer lambasted the French government for calling for an international arms embargo against Israel, stating that such requests “embolden” Iran and its terrorist proxies such as Hamas, Hezbollah, and the Houthis. The lawmaker additionally spearheaded legislation that would condition American aid to the Maldives after its government moved to ban Israeli citizens from entering the country.

The post Jewish US Rep. Josh Gottheimer Announces Run for New Jersey Governor first appeared on Algemeiner.com.

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It Is Time for Qatar to Choose a Side: The United States or Terror Groups

US Secretary of State Antony Blinken meets with Qatari Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani in Doha, Qatar, October 24, 2024. Photo: REUTERS/Nathan Howard/Pool

For the sake of peace and stability in the Middle East, it is vital that the United States drastically change its relations with Qatar. Qatar has long played a double game, seeking good relations with the United States while maintaining ties — if not support — for its adversaries. That pattern appears to be repeating itself again, with competing reports about whether the leadership of the terrorist group Hamas will continue to be welcome to live in Doha.,

It is vital that the United States convince Qatar to play it straight, and cut off political and financial support for Hamas while increasing accountability.

Earlier this month, Biden administration officials claimed that Qatar was evicting Hamas from the country. But, just days later, the Qatari Foreign Ministry strongly denied those reports. Instead, Qatar said it was suspending its role as a mediator in hostage and ceasefire negotiations between Israel and Hamas.

Yet, an Arab diplomat told The Times of Israel that last week senior Hamas officials left Qatar for Turkey, a NATO ally that also risks running afoul of Washington if it provides safe harbor to terrorists.

Amid this confusion, it is not clear what exactly is taking place: has Qatar actually expelled Hamas’ leadership, but is denying it to save face publicly? Would Doha welcome these officials back if they agree to negotiate? Which Hamas members, if any, still reside in Qatar?

Whatever is happening behind the scenes, the ambiguity of the current situation is representative of Qatar’s broader strategy to play all sides and keep everyone guessing regarding its loyalties and interests. Thus, while it hosts, and helps pay for, the largest US military base in the Middle East at al Udeid, Qatar has also provided a haven and financial support to radical groups, terrorist organizations, and American adversaries such as the Taliban, Hamas, and the Muslim Brotherhood, while maintaining good relations with Iran.

Doha portrays its refusal to choose sides as a strategic asset, not only for itself but for others as well. For example, Qatari officials have claimed that allowing Hamas officials to reside on its territory is a selfless investment in diplomacy. Qatari Defense Minister Khalid bin Mohammed al-Attiyah explained that Hamas officials would remain in Doha “not because we want Hamas to stay in Qatar, but because we want to facilitate the negotiations with the parties through the organization’s office.”

Yet, there is good reason to be skeptical of these claims of Qatari neutrality and magnanimity.

Qatar has provided Hamas officials safe harbor since the terrorist group relocated its headquarters there from Damascus, Syria, in 2012. In the following 12 years, and before Hamas’s October 7, 2023 attack, there were three major conflicts between Israel and Hamas — in 2012, 2014, and 2021. Each time, the resulting ceasefire was negotiated principally by Egypt, not Qatar.

Immediately after Hamas’ October 7 attack, the Qatari Foreign Ministry issued a statement that placed all of the blame for the violence on Israel, failed to condemn Hamas, and called for restraint on both sides.

Other Qatari actions are more complicated to judge. Doha sent, and Israel allowed, billions of dollars in into Gaza, reportedly as suitcases filled with cash. The money was supposed to rebuild Gaza, improve economic conditions for Gazans, and thereby placate Hamas. In effect, however, the funds were used by Hamas to prepare for the October 7 attack, including building hundreds of miles of tunnels. Even if the intentions were good, without any accountability, Qatari generosity only strengthened Hamas.

Nor has Qatar’s tolerance of Hamas provided any results since October 7. Despite Doha hosting multiple rounds of negotiations, there has been no agreement for a ceasefire in Gaza or hostage release in nearly a year. Nor have Qatar’s previous public threats to downgrade its relations with Hamas failed to achieve results. Despite Qatari and Egyptian officials informing Hamas leaders in June that they faced arrest, sanctions ,and eviction from Doha if they did not agree to a ceasefire, the terrorist group’s then-leaders Ismail Haniyeh and Yahya Sinwar — both of whom have since been eliminated — refused President Biden’s proposal along with many other offers.

It is now past time for Doha to shift its approach and take a clear side: against Hamas. As Secretary of State Antony Blinken urged in June, “if you want a ceasefire, press Hamas to say yes. If you want to alleviate the terrible suffering of Palestinians in Gaza, press Hamas to say yes. If you want to get all the hostages home, press Hamas to say yes.”

The United States is right to demand not only that Qatar expel Hamas’ leaders, but that it do so clearly and publicly. Only such an unambiguous rejection of Hamas and the loss of the haven Qatar provides might pressure Hamas sufficiently to finally accept a deal.

Qatar cannot continue playing both sides. Terrorists that kill Americans should not freely reside in US-partner nations. The United States should use every play in the book to convince them. One substantive step would be for US assets currently deployed at the Al Udeid airbase to be relocated to better-aligned US partners, such as Israel, the United Arab Emirates, or other Arab nations that are not harboring Hamas and catering to our enemies.

Qatar, Turkey, and any other nation that would provide safe haven to Hamas should understand that if it cannot side with the United States against terrorism, the United States will not side with it, and the consequences will be significant.

Lieutenant General Raymond V. Mason, USA (ret.) is the former Deputy Chief of Staff for Logistics, G4 Army Staff. Vice Admiral Herman A. Shelanski, USN (ret.) is the former Naval Inspector General. Both were participants on the Jewish Institute for National Security of America’s (JINSA) 2019 Generals and Admirals Program.

The post It Is Time for Qatar to Choose a Side: The United States or Terror Groups first appeared on Algemeiner.com.

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Amsterdam Mayor Lambasted for Saying She Regrets Calling Violent Attacks Against Israeli Soccer Fans a ‘Pogrom’

Mayor of Amsterdam Femke Halsema attends a press conference following the violence targeting fans of an Israeli soccer team, in Amsterdam, Netherlands, Nov. 8, 2024. Photo: Reuters/Piroschka Van De Wouw

Israeli Foreign Minister Gideon Saar castigated Amsterdam’s Mayor Femke Halsema on Monday after the latter said she should not have used the word “pogrom” to describe the violent, antisemitic attacks that took place earlier this month against Israeli soccer fans in the Dutch capital.

At a press conference on Nov. 8, after the premeditated and coordinated attack, Halsema said, “Boys on scooters crisscrossed the city in search of Israeli football fans; it was a hit and run. I understand very well that this brings back the memory of pogroms.”

During her appearance on the Dutch state broadcaster NPO’s “News Hour” program on Sunday, Halsema was asked if she would use the term “pogrom” again to describe the incident. In her reply, the mayor explained that her use of the word in connection to the violent attacks has been wrongly politicized.

“First, let me say that the words ‘Jew hunt’ have been used,” she said. “People were going ‘Jew hunting’; they asked for passports. That night and early morning I spoke to many Jewish Amsterdammers on the phone, with a lot of emotions. And what I primarily wanted to express was the sadness and fear among Jewish Amsterdammers.”

“But I have to say that in the days after, I saw how the word ‘pogrom’ became very political and turned into propaganda,” Halsema added. “The Israeli government, speaking about a ‘Palestinian pogrom in the streets of Amsterdam.’ In the political class, the word pogrom is mainly used to discriminate against Moroccan Amsterdammers and Muslims. Those were not my intentions. And that’s not what I wanted.”

When asked a second time to give a clear answer as to whether she would describe the attacks during the late hours of Nov. 7 and early hours of Nov. 8 as a “pogrom,” Halsema said, “No.”

“If I had known that it would be used this way, politically and as propaganda, I don’t want anything to do with that,” she explained. “I find that nobody benefited from this. I never made a direct comparison but said that I could imagine the feeling. And I wanted to express sadness. But I am not an instrument in a national and international political battle.”

Saar said Haselma’s comments on Sunday were “utterly unacceptable.”

“The failure that occurred on that night must not be compounded by a further grave failure: a cover-up,” he wrote on Monday in a post on X. “Hundreds of Israeli fans who came to watch a football match were pursued and attacked, targeted by a mob asking for their passports to check if they were citizens of the Jewish state. There is no other word for this than a pogrom. The application of the term ‘pogrom’ was not an Israeli invention. It was used by Dutch politicians who recognized the severity and antisemitic nature of the incident. We will never again accept the persecution of Jews on the soil of Europe or anywhere else!”

Saar noted that other Dutch politicians have also described the attack as a “pogrom,” including hard-right Dutch political leader Geert Wilders, as well asChris Stoffer and Caroline van der Plas, both of whom are members of the Dutch House of Representatives.

During the late hours of Nov. 7, after a UEFA Europa League soccer match between Maccabi Tel Aviv and the Dutch team Ajax in Amsterdam, fans of the Israeli team were chased with rocks, sticks and knives, assaulted, and run over by cars in various parts of the city by anti-Israel and pro-Palestinian gangs of men. Some attackers also tormented their victims by forcing them to say pro-Palestinian slogans like “Free Palestine” in order to avoid further abuse.

The attacks continued into the early hours of Nov. 8 and a number of the victims were hospitalized for injuries sustained during the attack. Dutch police said over the weekend that they have identified 45 suspects in connection to the attack, some of whom have already been arrested and arraigned.

Haselma said on Sunday that for two hours after the soccer game, between 12.30 am and 2.30 am, violent incidents suddenly spread throughout Amsterdam, not only targeting soccer fans. She additionally explained that she was taken aback by how swiftly Israel condemned the attack.

“We were completely caught off guard by Israel because at 3 am, [Israeli] Prime Minister [Benjamin] Netanyahu gave a press conference about what happened in Amsterdam while we were still gathering the facts,” she noted.

Ahead of the Nov. 7 soccer match, some Maccabi Tel Aviv fans from Israel who were visiting Amsterdam for the game provoked locals in the Dutch city by chanting racist anti-Arab slogans and removing at least two Palestinian flags from what appeared to be residential buildings the night before the match.

Following the next day’s attacks — perpetrated by what Haselma had called “antisemitic hit-and-run squads” — Israeli President Isaac Herzog spoke with King Willem-Alexander of the Netherlands, according to a readout from Herzog’s office.

Herzog said the “events echoed dark and grim times for the Jewish people and must be unequivocally condemned.”

The king expressed “deep horror and shock” over the attack and, according to the statement, told Herzog: “We failed the Jewish community of the Netherlands during World War II, and last night we failed again.”

The post Amsterdam Mayor Lambasted for Saying She Regrets Calling Violent Attacks Against Israeli Soccer Fans a ‘Pogrom’ first appeared on Algemeiner.com.

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