CREATING A LEGACY OF GIVING

Your donor-advised fund may be used to establish a legacy of giving that will last for generations. You can involve family members by naming them recommenders or successor recommenders on your fund. Please review the roles and privileges of recommenders and successor recommenders outlined below. If you would like assistance developing a succession plan that meets your long-term philanthropic objectives, please call us for a consultation. All succession plans must be submitted in writing and approved by the Jewish Communal Fund during your lifetime. You may not establish a succession plan through your will.

RECOMMENDERS have the ability to recommend grants independently or jointly with you during your lifetime. Upon the death of all Donors, recommenders assume the privileges of recommending grant distributions and asset allocations. All recommenders must read the Program Description and sign a Recommender Agreement in order to begin using the fund.

SUCCESSOR RECOMMENDERS assume the privileges of recommending grant distributions and asset allocations upon the death of all Donors and recommenders. A successor recommender does not have to be living when appointed (e.g., an unborn child or grandchild). A successor recommender may submit a new succession plan. This enables the fund to continue for multiple generations.

Recommenders and successor recommenders must be at least 18 years of age in order to make recommendations pertaining to the fund.

IF YOU DO NOT WISH TO NAME A SUCCESSOR RECOMMENDER, you may recommend that the remaining assets in the fund be distributed upon your death to one or more IRS-qualified public charities. The charities are subject to review and approval by the Jewish Communal Fund. If the organization is no longer a public charity or is not otherwise approved by the JCF, we will transfer the income and principal remaining in the fund to the JCF Special Gifts Fund.

IF YOU WOULD LIKE TO CHOOSE BOTH A SUCCESSOR RECOMMENDER AND A CHARITABLE BENEFICIARY, please attach a letter describing the succession plan you would like to establish for your fund. Please indicate what percentage of fund assets you would like to have granted directly to charity and who will serve as successor recommender(s) with respect to the balance of assets remaining in the fund.

IF NO SUCCESSOR RECOMMENDER OR CHARITY IS ON FILE AT JCF, then upon receiving notification of your death, the Board of Trustees of the Jewish Communal Fund assumes responsibility for transferring any remaining assets in your fund to the JCF Special Gifts Fund.