NEW YORK, April 22, 2015 /PRNewswire/ -- Jewish Communal Fund (JCF), an independent public charity that facilitates charitable giving for more than 6,000 fund holders through donor advised funds, enables its fund holders to invest their charitable assets in mission-aligned investment vehicles.
This Yom Ha'atzmaut (Israel's Independence Day), Jewish Communal Fund is pleased to announce that it has lowered the minimum investment requirement for the Market Vectors Israel ETF (ISRA) from $50,000 to $5,000, making this investment option more accessible to its donor community. The Market Vectors Israel ETF seeks to replicate as closely as possible, before fees and expenses, the total return performance of the BlueStar Israel Global Index, which is comprised of publicly traded Israeli companies. JCF fund holders can also contribute Israel Bonds to JCF, and invest charitable assets in the two-year Maccabee bonds.
"Through our generous fund holders, the Jewish Communal Fund (JCF) recommends tens of millions of dollars annually to charities benefiting Israel's welfare," noted Susan F. Dickman, Executive Vice President and CEO of Jewish Communal Fund. "We are delighted to provide investment options that align our fund holders with their charitable missions."
About Jewish Communal Fund:
Jewish Communal Fund (JCF), the largest Jewish donor advised fund in the country, currently manages $1.4 billion in charitable assets for 3,100 funds. JCF's donor advised funds make giving easy, flexible and efficient. The Chronicle of Philanthropy designated JCF a "Top 50" Charity in the U.S. on its 2014 Philanthropy 400 list. Learn more about JCF by visiting www.jcfny.org. Visit JCF's Company Page on LinkedIn, like us on Facebook, and follow us on Twitter.
SOURCE Jewish Communal Fund