Fax: (212) 714-0303 fjc@fjc.org
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Faq
FA FAQ
How can FJC help you and your clients?
We pride ourselves on making charitable giving as effortless as possible. When you partner with FJC, you can focus on your clients’ needs while we work with you on their charitable goals and planning.
FJC considers its partnerships with an array of financial professionals especially important. Whether you are an independent advisor or associated with a firm, working with FJC makes your job easier by giving you a host of charitable tools.
We handle all the administrative work – from setting up the account to researching charities and issuing grant checks per your clients' recommendations. Your clients will also appreciate having 24 hour access to their account balances and grantmaking online.
FJC has one of the lowest minimum initial contributions at $10,000 with no restrictions on subsequent contributions.
FJC’s DAF allows your clients to receive immediate tax benefits during the year they make contributions and then recommend grants over time. There is no year-end rush and while the funds are in the DAF they are invested.
How is FJC different from other community foundations or donor advised funds?
FJC is not a division of a brokerage firm or financial institution. We don’t sell anything nor do we receive a financial benefit by being part of a large enterprise or from the investments we offer.
FJC is not dedicated to specific charities nor is FJC’s mission to advance one community’s or organization’s mission over another.
Being independent allows FJC to customize our donors’ accounts, whether it is a complicated donation or international grant making.
For larger accounts, donors may request assets continue to be managed by their current investment manager.
What are FJC’s fees?
FJC’s fees are simple and straightforward. The administrative fee is just 1% annually, based on the average daily balance. The fee is reduced on account balances over $3 million.
That’s it! Unlike other DAFs, there are no hidden fees, no annual maintenance fees, and no complicated administrative fees. FJC also has the lowest stock liquidation fees. When comparing DAFs, we have no "small print".
Can my clients’ families be involved in their account?
For clients interested in engaging their family in philanthropy, FJC offers unique ways for them to do so:
1. They may choose who can recommend grants to charities from their accounts.
2. They may name successors to their accounts.
3. They may distribute gift certificates from their fund to give to family members, or others, so that the recipient can recommend the funds to charities of their choice.
What investment options does FJC offer?
Your clients can recommend to FJC how they would like their DAF’s funds invested. For certain accounts, FJC may allow the investment of the DAF funds to be managed outside our in-house investment pool options.
FJC’s in-house investment options include:
International Equities
Intermediate Duration Bonds
Money Market
S&P 500 Index Fund
Socially Responsible Fund
Growth Fund
Wilshire 5000 Fund
FJC Agency Loan Fund
We encourage you to explore our website further and see how FJC can help you and your clients with all their philanthropic needs.