FACTS About Philanthropic Funds

Philanthropic funds, along with supporting foundations, form the centerpiece of a tax-wise charitable plan for entrepreneurs. These funds and foundations provide families with the opportunity to manage their wealth and philanthropy together for personal and community benefit. Funds and foundations provided over $17 million to THE ASSOCIATED, its agencies and other Jewish organizations in 2006 alone. Funds and foundations are also permitted to make grants to worthy charitable organizations in the general community, providing some $10 million in grants in 2006.

Family Giving

Funds give families the opportunity to teach Jewish values to the next generation. Funds, with their wide grant-making authority, create a platform for intergenerational philanthropy to match your family's unique interests with the needs of the community, empowering your family to become more deeply engaged in the life of the community.

Assistance from THE ASSOCIATED

THE ASSOCIATED provides all of the technical support needed to operate your fund. THE ASSOCIATED's Center for Funds and Foundations provides personalized support to funds and foundations and donor families – identifying funding opportunities in specific areas, facilitating the grant making process from proposal through funding, and providing the due diligence necessary to ensure effective philanthropy and meaningful outcomes. In addition, THE ASSOCIATED maintains all records and provides regular financial statements, grant summaries and investment reviews. If necessary, THE ASSOCIATED will file any necessary tax returns.

Cost Effective

The administration costs of a fund are below that of other providers and often significantly less than what it would cost to operate a private foundation.

Tax-Efficient

Donors receive a charitable tax deduction, superior to that of a private foundation, in the year that they make the contribution. The deduction may be especially useful where the contribution is made in a year where the donor has a financial windfall.

Superior Investment Performance

Donors can leverage their contribution to a fund through the superior investment performance of THE ASSOCIATED's Consolidated Investment Fund ("CIF"). With more than $470 million under management, THE ASSOCIATED has diversified its portfolio among many different asset classes, reducing risk and volatility and providing positive returns over the short- and long-term. In each of the last two years, the CIF has achieved superior investment returns outperforming all other Jewish Federations in North America with returns of 14% and 19.2% in fiscal years 2006 and 2007 respectively.

For more information on how a philanthropic fund or supporting foundation can help you and your family help the community, please call Michael Friedman at (410) 369-9233 or mfriedman@associated.org or Michael Dye at (410) 369-9213 or mdye@associated.org.

THE ASSOCIATED
101 W. Mt. Royal Avenue
Baltimore, MD 21201
410-727-4828 | Fax: 410-837-1342
E-mail: mfriedman@associated.org

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