What is a foundation?
A foundation is a type of philanthropic organization set up by individuals or institutions as a legal entity, for the purpose of distributing grants to support causes in line with the foundation mission.
A supporting foundation is a charitable corporation or trust which, by affiliating with the Jewish Community Federation's Endowment Fund, obtains 501(c)(3) tax status as a public charity — earning maximum tax deductibility. A supporting foundation may be created by families, affiliated groups, nonprofit organizations, businesses, or it may be created from an existing private foundation.
Many groups have chosen to establish a supporting foundation at the Jewish Community Federation. A few examples include:
A family foundation is a powerful way to anchor meaning, purpose and continuity of family philanthropy by engaging multiple generations.
An example of a family foundation is the Sarlo Foundation
. The Sarlo Foundation recognizes that most Americans were once immigrants, many of whom were provided life-transforming opportunities by community agencies. Its intent is to reciprocate by supporting education, training, counseling, medical crisis intervention, and other services which make a significant difference in the lives of individuals.
For more information contact:
• Mark Reisbaum at 415.512.6251 or Markr@Sfjcf.org