Myths vs. Realities: Understanding the Tidewater Jewish Foundation
Tidewater Jewish Foundation (TJF) is an organization dedicated to creating permanent resources for the Jewish community, guided by the principles of tzedakah (charity) and tikkun olam (repairing the world). Due to the many facets of community involvement in which TJF is currently engaged, there have been some common misconceptions about what the organization does and how it can serve you and the greater community. Let's debunk some of these myths and reveal the benefits of working with TJF.
Myth 1: TJF is just a typical charity.
Reality: While TJF is a 501(c)(3) organization, its mission extends far beyond a traditional charity's. TJF is dedicated to growing philanthropy and serving the entire community by creating permanent resources for Jewish and non-Jewish organizations alike. Established in 1984 and governed by an independent, community-based board of directors, TJF administers over 700 funds and manages over $140 million in assets. The foundation offers flexible tools to meet almost any charitable giving need, providing expert guidance and support for your philanthropic goals.
Myth 2: People don’t want to talk about philanthropy.
Reality: Many individuals are eager to discuss their philanthropic intentions, and TJF is here to help make those conversations easier and more meaningful. By offering simple icebreaker questions and talking points, TJF ensures that charitable planning becomes integral to your financial discussions. Our team supports you by enhancing your charitable vision and ensuring that your giving intentions are realized for your current plans and future generations.
Myth 3: Philanthropy is just a side note in financial planning.
Reality: Charitable giving is a key driver of income projections, tax strategy, and estate planning. TJF's knowledgeable team is ready to assist you from the moment you consider philanthropy. Integrating charitable planning tools early in the process is crucial for securing tax benefits and achieving your financial and philanthropic goals. TJF's expertise covers the entire charitable giving landscape, ensuring you receive the best possible advice and support.
Myth 4: Working with TJF will complicate my financial plans with my financial advisor/CPA.
Reality: Working with your financial advisor or CPA in partnership with TFJ can simplify and enhance your financial plans. We understand the importance of addressing your philanthropic intentions and are here to help you build a comprehensive charitable giving strategy. By collaborating with TJF, you can strengthen your philanthropic impact and maintain clarity and efficiency in your financial planning. TJF helps streamline record-keeping and reporting for charitable transactions, making the process easier and more accurate…at no additional charge.
Myth 5: I need to be an expert in charitable tax law to benefit from TJF.
Reality: TJF’s comprehensive charitable giving services mean you don’t have to be an expert in charitable tax law. With significant tax benefits due to our public-charity status, we make it easy to establish various funds, including donor-advised, endowment, scholarship, and more. You can donate virtually any asset, from marketable securities to real estate, simplifying the process and maximizing your philanthropic impact.
Tidewater Jewish Foundation is here to serve as a valuable partner in your charitable planning. Reach out to our knowledgeable team for more information on how TJF can assist with your philanthropic needs. We are ready to help you navigate the complexities of charitable giving and create a legacy for the community.
For more information, reach out to Naomi Limor Sedek, President & CEO, at nsedek@tjfva.org or 757-965-6109, and she will put you in touch with a TJF philanthropic advisor.