Ways to Contribute to Your Fund

Maximize your tax benefits by making tax-deductible contributions from your income or non-cash assets to open or replenish your fund. MN JCF accepts a wide range of assets including cash and checks, appreciated assets such as stock, and private business interests, making it easy to contribute to your fund. Each time you donate to your fund, you are eligible for an immediate tax deduction and can take the same tax deductions as you would if you were donating to any public charity.

We can even turn a single complex and non-liquid asset into donations to multiple non-profits over time, which can maximize the donation’s tax-effectiveness and make a significant impact for non-profits to which you donate. You may now be aware, but many non-profits don’t have the ability or experience in processing unusual or complex gifts that can be used to make donations to more than one non-profit; but we can turn a complex asset into money to grant from your fund. Donating these types of assets is often highly tax-effective and can make a significant impact for the charities you care about.

In the case of restricted, closely held stock, real estate, art, or other unusual assets, MN JCF’s Gift Acceptance Policy governs the terms and circumstances by which we will accept such gifts. Our policy is to review the proposed gift to ensure that the gift can be liquidated within an appropriate period of time. Acceptance of such gifts is at the discretion of MN JCF’s Board of Governors and may be subject to conditions and fees.

If you donate cash ( by check, wire transfer, or credit card), then you generally are eligible for a tax deduction up to 60% of your adjusted gross income (AGI). By donating these types of assets directly to charity, you generally don't pay capital gains and you can claim an income tax deduction in the amount of the asset's full fair-market value, up to 30% of your AGI.

Convenient ways to contribute to your fund*:

  • Wills and Trusts

    Including a gift in your will or trust, known as a charitable bequest, is a meaningful way to support the Jewish community. Gifts of any size benefit our programs and help sustain and strengthen the community for many years to come.

  • Beneficiary Designations

    Naming the MN JCF as a beneficiary of your retirement account or life insurance is a simple and tax-advantaged way to support the community.

  • Cash, Credit Card and Checks

    Donating cash (whether by check, wire, or credit card) is generally eligible for a tax deduction of up to 60% of your AGI.

    Please see instructions below for this type of asset.

    You may also Donate Online.

  • Memorials & Tribute Gifts

    Making a memorial or tribute gift to your or someone else's fund is a meaningful way to honor a loved one or celebrate a special occasion, such as a b'nai mitzvah or birthday. Your memorial or tribute gift will extend the legacy of your loved one while fulfilling the mitzvah of tzedakah.

  • Stock, Bonds & Mutual Funds

    Gifts of appreciated stocks, bonds, or mutual fund shares can be a tax-advantaged way to add to your MN JCF fund. You may be able to give up to 20% more because capital gains are eliminated when donating appreciated assets, rather than incurred by you if you sold the assets yourself and donated the proceeds. When you do, you can claim an income tax deduction in the amount of the full fair-market value, up to 30% of your AGI, and have more to give away.

    Please see instructions below for this type of asset.

  • Corporate Matching Gifts

    Certain companies will match a contribution to a donor-advised fund or a grant issued from the fund as part of their corporate matching gift program. Please check with your employer to determine if contributions to your donor-advised fund or grants made from the fund qualify for a matching gift.

    Please contact Rafina Larsen at 952.593.2600 or rlarsen@jewishminneapolis.org with this information or if you have any questions.

  • Real Estate

    Donors may wish to give residences, vacation homes, farms, or undeveloped land. However, there may be tax-triggering timing issues re: sale and donation of real estate.

    Please note that gifts of appreciated non-cash assets can involve complicated tax analysis and advanced planning. Please consult with your tax or legal advisor regarding your specific circumstances.

    Please contact us as soon as possible at info@mnjcf.org or 952.593.2600 if you are interested in donating this type of asset.

  • IRA Qualified Charitable Distributions

    If you are 70½ or older, you may create a non-advised charitable fund (e.g., a PACE, LOJE, or other endowment fund) with gifts of qualified charitable distributions (QCDs) from your IRA.

    When making this type of gift, you recommend one or more IRS-qualified charities to receive automatic annual grants from your charitable fund, either in perpetuity or for a term of years. When making this type of gift, you do not have advisory capacity over the charitable fund once it is established due to IRS regulations.

    Note: Qualified charitable distributions can only be gifted to non-advised funds. QCDs cannot be gifted to donor-advised funds. Please see instructions below for this type of asset.

  • Partnership or Limited Liability Company Interests

    Please contact us at info@mnjcf.org or 952.593.2600 if you are interested in donating a partnership interest, whether limited or general, or interests in a limited liability company.

    Please note that gifts of appreciated non-cash assets can involve complicated tax analysis and advanced planning. Please consult with your tax or legal advisor regarding your specific circumstances.

  • Cryptocurrency

    Please note that gifts of appreciated non-cash assets, including cryptocurrency, can involve complicated tax analysis and advanced planning. Please consult with your tax or legal advisor regarding your specific circumstances.

    Please contact us as soon as possible at info@mnjcf.org or 952.593.2600 if you are interested in donating this type of asset.

  • Third-Party Contributions

    Others may donate to MN JCF donor-advised funds in any amount. Please note the following rules apply:

    • Third-party contributors may make contributions to your fund and receive a letter of acknowledgement from the MN JCF, but may not have any privileges (advisory or otherwise) with respect to the fund.

    • You may not guarantee that specific grant recommendations will be honored in exchange for contributions made by third-parties to your fund.

    • Third-party contributors may not receive anything in exchange for or in consideration of their contribution under federal tax law and MN JCF.

  • Charitable Gift Annuities

    A contract with a non-profit where the donor transfers assets to the non-profit in return for a promise to receive fixed payments for their lifetime. The donor is eligible to take an income tax deduction for part of the value of the assets given to the non-profit. Payments are based on how much is donated and the age of the recipients.This gift type gives donors a way to make a gift to a non-profit and receive income for life.

    Please contact us at info@mnjcf.org or 952.593.5600 if you are interested in donating this type of asset.

  • Tangible Personal Property

    Please contact us at info@mnjcf.org or 952.593.2600 if you are interested in donating this type of asset.

  • Charitable Lead Trusts

    Please contact us at info@mnjcf.org or 952.593.2600 if you are interested in donating this type of asset.

  • Charitable Remainder Trust

    Please contact us at info@mnjcf.org or 952.593.2600 if you are interested in donating this type of asset.

* Minnesota Jewish Community Foundation does not give tax, financial, or legal advice. Please consult your professional advisor(s) regarding your specific circumstances. Please note that all contributions to individual and family funds are irrevocable.

Processing times vary for different asset types. MN JCF will generally liquidate contributions as quickly as possible after all the required paperwork and information has been received and processed. Contribution acknowledgements are usually sent within 3-5 business days after the contribution has been credited to your fund. During high volume periods, the processing time for contributions may be longer.

Cash/Check Donation Instructions

Make your check payable to “Minnesota Jewish Community Foundation” and write the fund name in the memo portion. Please mail your check to:

Minnesota Jewish Community Foundation
4330 Cedar Lake Road South
Minneapolis, MN 55416

If you are contributing to a memorial, tribute wedding, b’nai mitzvah, or group fund, please be sure to write “In honor of” or “In memory of” and the name of the fund in the memo portion of your check so that we can credit your gift to the correct fund.

If you are sending funds by wire, please contact us at 952.417.2316 to notify us so that we may credit the gift to your fund and issue you a contribution receipt. Please include the details of the wire so that it can be identified and accounted for accordingly – namely:

1. Amount of wire
2. Date of wire
3. To which fund/account
4. The name and address of the donating party (so that an appropriate substantiation letter can be provided).

We also accept online credit card donations to add to your fund. Please note that the donor will be responsible for all fees associated with a contribution via credit card. Credit card contributions may take up to 30 days to be available in your fund for grant-making. MN JCF will mail a tax receipt for the full amount of your donation.

Donate Online

Stock Donation Instructions

MN JCF’s stock account is with Charles Schwab under the “Minneapolis Jewish Federation”. We work with a local office in Wayzata and their phone number is 1-800-435-4000. Account information is as follows:

Minneapolis Jewish Federation
Account number: 6347-5114
DTC number: 0164
Federal ID: 41-0693866

In order to credit the proper account, please contact Rafina Larsen at 952.417.2320 or rlarsen@jewishminneapolis.org to let us know the name of the stock you are transferring and the number of shares.

The estimated time to complete your gift is dependent on how it’s held. If you’re unclear about how your stock is held, please call us for assistance with related paperwork (statement and/or report) in hand. While there is typically no cost associated with the transfer of stock or mutual funds, there is a nominal fee incurred when we liquidate the transferred assets. These charges are deducted from proceeds of the stock or mutual fund sale/liquidation and do not reduce your potential charitable deduction.

To make a gift of mutual fund assets, please contact us. We will provide specific instructions based on if it is held:

• By a brokerage firm, bank or other financial institution
• By a company with a transfer agent
• In paper certificates

Please contact Rafina Larsen if you have any questions.

To Make a Gift of QCDs

Contact your IRA administrator and provide them with our Tax ID: 41–0693866.

Request a QCD be sent directly to:

Minnesota Jewish Community Foundation
4330 Cedar Lake Road South
Minneapolis, MN 55416

Please notify us when the distribution request has been made. We will watch for the check to ensure it’s properly credited to your non-advised fund.
We will send a gift acknowledgment for the QCD to share with your tax preparer.