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FJC Programs
CGF programs
CGF Menu Options:
- What is an FJC Collective Giving Fund?
- How Does an FJC Collective Giving Fund Work?
- How Do I Establish a Collective Giving Fund with FJC?
- What Are the Advantages of FJC Managing a Collective Giving Fund?
- Collective Giving Fund FAQ
Advantages of a Collective Giving Fund:
Low Administrative Fees & Potential Investment Income
FJC is one of the few foundations offering Collective Giving Accounts to groups of individuals while maintaining among the lowest fees in the industry. In addition, FJC is one of the few organizations that offers the opportunity to select how the account balance is invested and earn income on the funds while they are held in the account. Any investment income earned on the account balance is applied to the account, which helps and often more than offsets the administrative fees. Surplus income generates more dollars for the fund!
Up-to-date Access to Your Account Information
Account Advisors can access your account balance, view past activity and previous Quarterly Statements of Activity on the FJC DonorWeb. This will allow Advisors to see, who has contributed to the account, what distributions are in process, etc. If there is any additional information needed that is not available online, FJC will provide the information upon request.
Funds are Available for Distribution at Any Time
Account Advisors are free to submit distribution requests at any time. There is no minimum balance that must be achieved in the account before funds can be released, nor a maximum number of distributions that can be processed during a set period.
Large Selection of Contribution Formats for Donors
CGF Donors can send contributions in the form of checks, appreciated securities, via credit card or wire transfer, and other FJC pre-approved assets. Contributions of appreciated securities (including mutual funds) or other property, held for at least one year, are deductible at their full fair market value. Donors pay no capital gains tax on the appreciation.
No Establishing Contribution or Minimum Fees
FJC does not require an establishing gift for the setup of Collective Giving Funds. An Account may be opened with a zero balance and fees will only be assessed on the account once it starts receiving contributions.
International Grantmaking
FJC offers a special opportunity not available from most community foundations or donor advised funds. FJC can honor grant recommendations to qualified overseas charities, and qualified domestic organizations that have not yet received their tax-exempt ruling, and to other qualified projects. FJC will work with the recipient organization to complete our application, agreement and reporting requirements.
Quick and Easy Grant Procedures
FJC has a low minimum grant recommendation amount ($100) and typically processes grant recommendations within 10 business days.Please note, certain recommendations may require additional research, which willl extend the processing time.
FJC Gift Certificate Program
You may request FJC Gift Certificates, for $100 or more. Recipients of the certificate can then recommend a distribution to the qualified charity of their choice.