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FJC Programs
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DAF Menu Options:
- What is an FJC Donor Advised Fund?
- How Does an FJC Donor Advised Fund Work?
- How Do I Establish a Donor Advised Fund with FJC?
- What Are the Advantages of a Donor Advised Fund?
- Donor Advised Fund FAQ
How Does an FJC Donor Advised Fund Work?
Your establishing contribution, and all future contributions made to your account will be invested based on your account’s Investment Allocation. Your funds will continue to grow, tax free, so you have even more money available for distributions. FJC will issue you a tax receipt for your establishing gift and all subsequent contributions made to your account per Federal requirements.
You are free to make additional contributions to your account at any time. There is no minimum amount for additional contributions. You may request a reallocation of your account holdings three times each calendar year, subject to FJC’s approval.
Grant recommendations may be submitted via the FJC DonorWeb, e-mail, fax, or postal mail at any time. There is no minimum or maximum number of distributions allotted for a calendar year. There is a $100 minimum per distribution. FJC will send you a copy of the grant distribution letter for each distribution made from your account. Click here to see a sample of the standard transmittal letter sent to an organization. Letters can also be adjusted to reflect donor anonymity.
Distributions from your donor advised fund can only be made to qualified tax-exempt organizations, or other qualified charities as approved by FJC. Please see the Donor Advised Fund FAQ or the Summary of Procedures and Rules for Donor Advised Funds for a summary of the restrictions and limitations on donor advised fund distributions.
FJC has one of the most competitive and simple fee structures. Your donor advised fund will be charged an administrative fee of just 1% annually, based on the average daily balance in the account. Fees are posted to the account on a quarterly basis and will be clearly outlined on the Quarterly Statement of Activity you receive from FJC. Administrative fees are reduced for account balances in excess of $3 million. There are no transactional fees, balance requirement fees, or hidden charges – simply the annual fee based on your account balance.