NEW YORK, Aug. 3, 2017 /PRNewswire/ -- The Jewish Communal Fund (JCF), the largest Jewish donor advised fund in the country, distributed a record $397 million in grants to charities in all sectors during the 2017 fiscal year ending June 30, 2017, a 4 percent increase from 2016. JCF fund holders recommended a record-number of grants – 52,402 – to charities in all sectors, a 13 percent increase from 2016. The average grant amount was $7,572.77.
"Each year, we are incredibly pleased to create new records when it comes to the extraordinary growth in the number and amount of grants distributed, and this past year was no exception," said Susan F. Dickman, Executive Vice President and CEO of Jewish Communal Fund. "We are honored to facilitate the charitable giving of our very generous fund holders, who are very active in their grant-making."
A leader in the world of Jewish philanthropy, JCF continues to be the largest and most active Jewish donor advised fund in the country with over $1.5 billion in charitable assets under management. In FY 2017, JCF distributed 26 percent of assets, well above the industry average.
While grants were distributed to charities in all sectors, the largest categories of grants by dollar amount were directed to charitable organizations whose missions focused on education, community organizations, and health issues.
A donor advised fund at JCF enables fund holders to organize their charitable giving with ease and tax-efficiency. JCF's educational events and webinars help fund holders increase their philanthropic impact. In addition, JCF's robust investment platform enables fund holders to grow their charitable dollars tax-free, enabling them to give more to their favorite causes.
About Jewish Communal Fund
Jewish Communal Fund is one of the largest and most active networks of Jewish funders, currently managing $1.5 billion in charitable assets for more than 3,500 donor advised funds. JCF's donor advised funds make giving easy, flexible and efficient. The Chronicle of Philanthropy designated JCF a "Top 100" Charity in the U.S. on its 2016 Philanthropy 400 list. Learn more about JCF by visiting www.jcfny.org or calling (212) 752-8277. Visit JCF's Company Page on LinkedIn, like us on Facebook, and follow us on Twitter.
Associate Director, Strategic Initiatives & Communication
Jewish Communal Fund
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SOURCE Jewish Communal Fund