Jewish Communal Fund is the largest Jewish donor advised fund in the country and the fifth largest donor advised fund overall, according to a recent study conducted by The Chronicle of Philanthropy. In 2011, JCF had a total of $1.1 billion in charitable assets and granted out nearly $300 million — more than 27 percent of charitable assets. This ranking solidifies JCF’s role as the premier Jewish donor advised fund in the country. JCF’s mission is to facilitate and promote charitable giving for our donors, who generously fund a wide range of organizations that responds to needs in the Jewish community, as well as non-sectarian organizations focused on health, education, the arts and a variety of other sectors. With its dedicated staff and community of donors, JCF hopes to continue on this path of growth as it celebrates its 40th anniversary.
The Chronicle report provided good news for donor advised funds. Assets at the biggest funds were 10 percent higher than they were in 2007, before the recession. The Chronicle of Philanthropy goes on to say that accounts at the sponsoring organizations are growing so fast that they are beginning to rival the nation’s wealthiest foundations in terms of grant making.
Read the rest of the Chronicle report here.