Jewish Communal Fund (JCF) and Development Corporation for Israel (Israel Bonds) Announce Strategic - The Jewish Voice
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Thursday, December 8, 2022

Jewish Communal Fund (JCF) and Development Corporation for Israel (Israel Bonds) Announce Strategic

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Development Corporation for Israel, commonly known as Israel Bonds, and Jewish Communal Fund (JCF) are proud to announce the launch of a strategic partnership that will enable individuals and families to maximize their charitable giving while at the same time invest in Israel.

Now, for the first time, people who open a donor advised fund at JCF, as well as existing JCF donors, can invest in Israel Bonds. In addition, JCF will accept contributions of some Israel Bonds.

Jewish Communal Fund (www.jcfny.org), now in its 40th year, is the Donor Advised Fund of the Jewish community of greater New York, managing more than $1 billion in charitable assets and providing over $250 million annually in support to thousands of Jewish and secular charities on behalf of its donors. A JCF donor advised fund is a cost-effective vehicle that can help people simplify their charitable giving, and can be established with a $5,000 minimum irrevocable gift of cash, appreciated securities or bonds, including some Israel Bonds. Donors receive an immediate tax deduction when they open a fund, and set their own flexible timetable for making distributions to their favorite sectarian and non-sectarian IRS-qualified charities. JCF does the due diligence and record-keeping, eliminating the need to track receipts. The online system makes charitable giving easy and efficient.

JCF donor advised fund assets can be invested in a variety of investment options and earn tax-free interest. In addition to 20 best-in-class investment options, JCF now offers 2-year issue Maccabee Israel Bonds and, for B’nai Mitzvah children, Mazel Tov bonds. Israel Bonds are versatile securities that can be found in the portfolios of an impressive array of investors, including state and municipal governments, national and local unions, universities, foundations, corporations and financial institutions. Worldwide sales have exceeded $34 billion since the bonds were first issued in 1951, and Israel has never defaulted on payment of principal or interest. Israel’s outstanding repayment record and forward-looking economy have earned her investment grade ratings from Moody’s, Standard and Poor’s and Fitch, although Israel Bonds are not rated. The Bonds organization has been a catalyst for Israel’s rapid evolution from a struggling agrarian nation to a global economic powerhouse and innovative wonder.

Whether you donate a combination of cash or appreciated securities and Israel Bonds to JCF to establish a fund, or invest in a Maccabee or Mazel Tov Bond after your fund is opened, you will be helping to support the Jewish community and the State of Israel. And, you will be joining JCF – one of the largest networks of Jewish philanthropists in the nation. In addition, this partnership will help support UJA-Federation of NY, since JCF makes a community gift from its operating fund to UJA’s Annual Campaign. A win-win for the entire community!

About Jewish Communal Fund:

Jewish Communal Fund (www.jcfny.org) facilitates and promotes charitable giving to sectarian and non-sectarian organizations through donor advised funds. We enable individuals, families and groups to achieve their philanthropic goals simply and efficiently, with flexibility, full confidentiality and maximum choice. As an organization, JCF makes an annual Community Gift of more than $2 million to support programs that benefit the health and welfare of the New York Jewish community.

Development Corporation for Israel/Israel Bonds is among Israel’s most valued and strategic resources .Worldwide sales since the first bonds were issued in 1951 have exceeded $34billion.

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