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Donor-Advised Fund: Everything You Need to Know

Updated this week

A Donor-Advised Fund (DAF) is a smart tool for managing charitable giving: you deposit money, receive a tax-deductible receipt immediately (even before choosing who to donate to), and decide when and to whom to distribute the grants.

The Process in Brief

  • Deposit: Choose an amount and deposit (via credit card, bank transfer, or check).

  • Tax Receipt: A recognized tax-deductible receipt awaits you immediately in your personal area (the receipt is issued under the name "Keren Asor").

  • Granting: Log in to the website at your convenience and distribute the money to the non-profits you have chosen.

  • Organization: At the end of the year, all information is centralized in a single receipt, making it much easier to receive a tax refund.

Costs and Taxes

  • Is there a fee for the service? Using the fund (for deposits up to 50,000 NIS) involves no management fees and no cost to the donor. To cover operating expenses and maintain activity, we charge the non-profit receiving the donation a 1.5% fee.

  • Is there a minimum amount to open a fund? No. You can open a fund and start donating with any amount.

  • When must the funds be distributed? To ensure the money reaches its public destination, the Tax Authority has defined rules for distributing the money based on the accumulated amount in the fund:

    • Up to 5,000 NIS: The entire amount must be distributed in the following year.

    • 5,000–50,000 NIS: At least 35% of the amount must be distributed in the following year.

    • Over 50,000 NIS: At least 5% of the amount must be distributed each year. (We will send you an organized reminder towards the end of the year).

  • Can I donate in foreign currency? Yes. You can deposit in dollars (or other foreign currencies) through our partners abroad and receive a recognized tax receipt for the US, Canada, or the UK.

Who Can I Donate To?

  • Which non-profits can receive grants? Any non-profit in Israel holding a valid Certificate of Proper Management (Nihul Takin) and Section 46 approval, even if it is not registered on JGive.

  • For non-profits on the site: Click "Donate" via your fund balance.

  • For external non-profits: Choose the "Donate to an external non-profit" option and enter the organization's details (you can locate them on the Guidestar website).

  • Will the non-profit know who donated? The choice is yours. By default, the donation is transferred under the name "Keren Asor" (anonymous). If you wish, you can mark that your details be passed to the non-profit so they can thank you.

Additional Questions

  • Can I donate assets and stocks? Yes. JGive Platinum donors (funds over 50,000 NIS) can donate stocks and real estate and enjoy unique tax benefits. For details: platinum@jgive.com.

  • Is my money safe? Absolutely. JGive is operated by "Keren Asor," an organization that meets strict information security standards (ISO) and is supervised by investment committees, a board of directors, and close legal counsel.

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