Fax: (212) 714-0303 fjc@fjc.org
Capaciteria.org - The Nonprofit Capacity Resource Index
FJC Programs
DFA programs
DFA Menu Options:
- What is an FJC Designated Fund Account?
- How Do FJC Designated Fund Accounts Work?
- How Do I Establish a Designated Fund with FJC?
- What Are the Advantages to Opening a Designated Fund Account with FJC?
- Designated Fund Account FAQ
Advantages of a Designated Fund Account:
Avoid Capital Gains Taxes
Your contributions of appreciated securities (including mutual funds) or other property, held for at least one year, are deductible at their full fair market value. You pay no capital gains tax on the appreciation, and the full amount of the appreciated value is available for charity.
Investment Options
FJC offers a larger selection of investment options for its DFAs than most other organizations. In addition to investment choices managed by leading financial institutions, FJC offers a unique investment option - the FJC Agency Loan Fund. The Agency Loan Fund provides loans at market interest rates to credit qualified charitable organizations with limited access to other credit sources.
No Minimum Subsequent Contributions
Additional contributions can be made at any time and in any amount. FJC does not require annual contributions, nor do we require a minimum balance in the account. Third parties can make contributions to the account at any time and in any amount.
Quick and Easy Grant Procedures
FJC has a low minimum grant recommendation amount ($180) and typically processes distribution requests within 10 business days. Please note, certain recommendations may require additional research, which will extend the processing time. Grant recommendations can be submitted at any time.
Involve Future Generations
Authorized Signatories may designate Additional or Successor Signatories on the account, who will assume the current Authorized Signatories' role at the time of their death. FJC also allows for the specification of distributions rules for the balance in account if no eligible Signatories exist on the account.
Simply stated, DFAs offer efficiencies that you would not normally get if you created and managed an endowment or similar type of fund to benefit a single organization.