The Jewish Community Foundation of New Mexico is your partner in charitable giving. We’ll meet with you to discuss your giving priorities, goals and hopes for the future. Together we’ll craft a giving plan that matches your values with your valuables.
* This information is not intended as legal or tax advice. Consult with your professional advisor for guidance.
What best describes your Charitable Giving Goals?
I’d like to make donations during my lifetime to my favorite Jewish and secular organizations, simply and easily.
You may be interested in a Donor Advised Fund
I’d like to create a fund that supports a specific organization, area of interest or purpose, and/or limit the amount that may be spent from my fund each year so the fund provides ongoing, reliable distributions.
You may be interested in a Restricted Fund.
I’d like to create a Jewish Legacy plan NOW that becomes effective after my lifetime.
You may be interested in After-lifetime Planned Gifts.
Donor Advised Funds
A Donor Advised Fund is a charitable giving account that allows you to support your favorite Jewish and secular causes easily and efficiently during your lifetime.
How does a Donor Advised Fund work?
- You create your Donor Advised Fund easily with a tax-deductible donation of $5,000 or more to the Jewish Community Foundation and a simple fund agreement. You can make additional donations to your Fund at any time.
- You can recommend grants from your Fund to your favorite 501(c)(3) charities – local, national, Jewish or secular. (You can even pay your synagogue dues through your Fund!)
- By streamlining your giving and bundling your charitable contributions, you may be able to take an immediate tax deduction while continuing your grantmaking over subsequent years.
- You can select from professionally and prudently managed investment pools based on your risk preferences and philanthropic objectives.
- You can orchestrate your charitable giving online 24 hours a day, 7 days a week.
Benefits of a Donor Advised Fund:
When you contribute cash, securities or other assets you may receive an immediate tax deduction at the time of your gift. You can then support charitable organizations of your choice anytime in the future.
You can focus on the joy of tzedakah.
By organizing your charitable giving through one source, you avoid writing separate checks to multiple organizations. The Foundation vets each grantee prior to making a distribution. Consolidated recordkeeping reduces your paperwork and results in easier annual tax filings.
You can securely access your Fund 24/7 to recommend gifts and monitor the activity and balance of your Fund.
Support the Growth of a Generous Community
Your partnership enables the Foundation to provide education programs that help inform donors, enhance philanthropy and develop the next generation of givers.
Create a Legacy of Charitable Giving
You can name your children, grandchildren or others as successor advisors to your Fund. Successor advisors can carry on your philanthropic values and traditions.
Restricted funds offer a targeted, oftentimes long-term, approach to charitable giving.
They ensure your legacy is professionally managed and your charitable intent is fulfilled.
Primarily, restrictions are based on spending and purpose.
Spending-restricted funds dictate how long a fund can make grants to the charitable beneficiaries for which the fund was created: in perpetuity or for a limited time. The most common spending-restricted fund is an endowment. Virtually all other funds are expendable: assets are spent down over time.
Purpose-restricted funds support a specific organization, area of interest or use. These funds can include a time restriction, too.
An Endowment Fund provides annual distributions in perpetuity to specific organizations or causes that are important to you and your family. Endowment funds are the gifts that “keep on giving.” The Foundation’s Jewish Legacy Society recognizes and celebrates our endowment fund donors.
How does an Endowment Fund work?
- You create your Endowment Fund with a tax-deductible donation of $10,000 or more to the Jewish Community Foundation and a fund agreement.
- A personalized fund agreement lists your charitable beneficiaries, local, national, Jewish or secular, that will receive annual distributions and the distributions’ purpose(s), if applicable. Your fund agreement can include a personal statement outlining your philanthropic vision.
- You can update your personal statement and/or your beneficiary list easily at no charge.
- The Foundation invests the Fund’s assets in an endowment pool designed to provide long-term capital appreciation and preservation of capital.
- Typically, approximately 4-5% of the fund’s average market value is distributed each and every year. This spending rate is established by the Foundation. You can choose when you want distributions to begin.
- You can make additional contributions to the account any time in any amount.
After-lifetime Planned Gifts
Leave your legacy to your community; don’t leave it to chance.
The Jewish Community Foundation of New Mexico is here to help you make the legacy planning experience meaningful and gratifying.
- Think about what is important to you
Would you like leave a charitable gift to the Jewish or wider community in New Mexico, Israel or elsewhere and make a commitment to do so? You may not yet know precisely how you will fund your legacy, or which causes or organizations will be the beneficiaries, but this will start the process.
- Determine how you will fulfill your commitment
Next, you will specify how you plan to fund your legacy and name the causes and charitable organizations you'd like to support. This is typically done through a fund agreement with the Foundation, which you can change easily during your lifetime. Once you create your fund agreement, you’re recognized as part of our Jewish Legacy Society. You can also choose to participate in the LIFE & LEGACY initiative.
- Fulfill your commitment
Your assets come to the community after your lifetime from sources such as your will, trust, retirement account or life insurance policy — into a permanent endowment fund in your family name, or name of your choosing, for causes and beneficiaries that you have designated in your fund agreement or to another fund.
Bequest language sample:
I give, devise and bequeath (cash of $_______ or _____% of my (residuary) estate) to the Jewish Community Foundation of New Mexico, Tax ID# 46-4161463 to be used for (designation such as fund name or purpose).
We are happy to work with your professional advisors to assure that you have everything you need to make informed decisions about creating and funding your legacy.
- Think about what is important to you