Account holders at the Jewish Communal Fund, the largest Jewish donor-advised fund in the United States, awarded a record $536 million in fiscal year 2020.
In the fiscal year that ended June 30, giving by JCF account holders jumped 17.5 percent, from $456 million in FY19, while the number of grants recommended rose to a record 64,188, with an average grant amount of $8,352, up 18 percent and 16 percent, respectively, on a year-over-year basis. With more than $2 billion in charitable assets under management, JCF distributed 27 percent of those assets in FY20, well above the industry average.
As in previous years, the largest share of grant dollars were directed to charitable organizations in the areas of education, community organizations and human services, and Israel/international.
"Our generous [f]undholders have stepped up amidst the coronavirus crisis to distribute funds to charities serving those in need," said JCFexecutive vice president and CEO Susan F. Dickman. "As the needs have increased, so have the number and amount of grants that JCF is distributing to charities in all sectors."