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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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Israel Receives Shipment of Heavy Bombs Cleared by Trump

US President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, US, Jan. 31, 2025. Photo: REUTERS/Carlos Barria
Israel has received a shipment of heavy MK-84 bombs from the United States, after US President Donald Trump lifted a block imposed on the export of the munitions by the administration of predecessor Joe Biden, the defense ministry said on Sunday.
The MK-84 is an unguided 2,000 pound bomb, which can rip through thick concrete and metal, creating a wide blast radius.
The Biden administration declined to clear them for export to Israel out of concern about the impact on densely populated areas of the Gaza Strip.
The Biden administration sent thousands of 2,000-pound bombs to Israel after the Oct. 7, 2023 attack by Palestinian Hamas terrorists from Gaza but later held up one of the shipments. The hold was lifted by Trump last month.
“The munitions shipment that arrived in Israel tonight, released by the Trump Administration, represents a significant asset for the Air Force and the IDF and serves as further evidence of the strong alliance between Israel and the United States,” Defense Minister Israel Katz said late on Saturday.
The shipment arrived after days of concern about whether a fragile ceasefire in Gaza agreed last month would hold, after both sides accused each other of violating the terms of the deal to halt fighting to allow the exchange of hostages held in Gaza for Palestinian prisoners and detainees in Israeli jails.
Washington has announced assistance for Israel worth billions of dollars since the war began.
The post Israel Receives Shipment of Heavy Bombs Cleared by Trump first appeared on Algemeiner.com.
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US Mideast Envoy Says Phase Two Gaza Talks to Continue This Week

US President Donald Trump’s Middle East envoy-designate Steve Witkoff gives a speech at the inaugural parade inside Capital One Arena on the inauguration day of Trump’s second presidential term, in Washington, DC, Jan. 20, 2025. Photo: REUTERS/Carlos Barria
US Middle East envoy Steve Witkoff said on Sunday that talks on phase two of a ceasefire deal between Israel and Palestinian terrorists Hamas would continue this week “at a location to be determined” to figure out how to reach a successful conclusion.
He told Fox News that he had “very productive and constructive” calls on Sunday with Israel’s Prime Minister Benjamin Netanyahu, Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani and Egypt’s director of intelligence.
Witkoff said they spoke about “the sequencing of phase two, setting forth positions on both sides, so we can understand… where we are today, and then continuing talks this week at a location to be determined so that we can figure out how we get to the end of phase two successfully.”
The post US Mideast Envoy Says Phase Two Gaza Talks to Continue This Week first appeared on Algemeiner.com.
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Arab States to Reveal 5-Year Plan to Rebuild Gaza: No Hamas or Relocation

Egyptian President Abdel Fattah al-Sisi attends the Arab summit in Mecca, Saudi Arabia, May 31, 2019. Photo: REUTERS/Hamad l Mohammed/File Photo.
i24 News – Arab countries will unveil their plan for the reconstruction of Gaza on February 27 in Cairo. This initiative, developed by the Palestinians and handed over to the Egyptians for implementation, will be presented to the leaders of Jordan, Saudi Arabia, the United Arab Emirates, and Qatar. The plan provides for reconstruction over three to five years, without the displacement of the Palestinian population and without Hamas control. The funding, estimated at several hundred million dollars, will come from Gulf countries. The work will be carried out by Egyptian companies, representing a significant source of income for Egypt, which is strongly opposed to any migration of Palestinians out of Gaza. The workforce will consist mainly of local Palestinians.
“The goal is to marginalize Hamas so that it understands that it has lost control of Gaza, and to completely eliminate the terrorist organization’s grip on the population and the territory within 5 years from the start of reconstruction,” a source involved in the plan said.
An independent “Palestinian administration,” separate from the Palestinian Authority but relying on it, will oversee the reconstruction. This power structure is designed to get the approval of Israel and the United States, who refuse direct management by the Palestinian Authority.
Arab countries fear a resurgence of fighting by Israel, which could, in their view, favor US President Donald Trump’s plan to move Palestinians to neighboring countries. The former US president said he wanted to see Jordan, Egypt, and other Arab countries welcome more displaced people from Gaza, so that the war-torn area can be “cleaned up.”
According to analyzed satellite images, approximately 65% of the buildings in Gaza have been destroyed during the war. Experts estimate that reconstruction could take more than a decade and cost several hundred billion dollars.
The post Arab States to Reveal 5-Year Plan to Rebuild Gaza: No Hamas or Relocation first appeared on Algemeiner.com.
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