Young Philanthropist Fund Agreement - Atlanta Jewish Foundation

1. Establishment of the Fund. A fund will be established on the books of the Foundation which will be known as the Fund.

Fund Name*

2. Contributions to the Fund. The Fund will include the Property this day received from said Donor, any property as may from time to time be transferred to the Foundation by the Donor for inclusion in the Fund, or any property received from time to time by the Foundation from any other source and accepted by Foundation for inclusion in the Fund, and all income from the foregoing property. The minimum contribution to open a Young Philanthropist Fund is $1,000.

3. Ownership and Control. The Fund will be the property of the Foundation held by it in its normal corporate capacity; it shall not be deemed a trust fund held by it in a trustee capacity. The Foundation will have the ultimate authority and control over all property in the Fund, and the income derived therefrom, for the charitable, educational, benevolent, and religious purposes of the Foundation.

4. Purpose. The Fund will be used only for charitable, educational, benevolent, or religious purposes (or any combination of such purposes) within the purposes of the Foundation, either directly or by contributions to other organizations for such purpose or purposes.

5. Distributions/Grants.
Donor or his or her designated advisor(s) retain the privilege of recommending distributions, or grants, from the Fund. Distributions from the Fund, within the limitations provided for in paragraph 4 above and paragraph 5B below, shall be made at such times, in such amounts, in such ways and for such charitable, educational, benevolent, or religious purposes (or any combination of such purposes) as the Foundation approves. The recommendations with respect to distributions will be solely advisory and Foundation will not be bound by such recommendations. It is the intention of the Donor that the Fund remain at Atlanta Jewish Foundation.
a. No Benefit Received. . A Donor of a Donor-Advised Fund or any other person may not receive any benefit or privilege in return for a distribution from a Donor-Advised Fund (this includes, for example, tickets to events, meals, auctions, and museum memberships).
b. Minimum Distributions. Distributions should be for $100 or more.

6. Advisors and Successor Advisors to the Fund Subject to the restrictions set forth in Section 5(b) above and other restrictions set forth herein, the individuals named in Schedule “B” maintain the right to recommend distributions.

7. Investments. The Fund will be held in a money market fund and earn interest. When the Donor reaches 30 years of age, the Fund will be converted to a regular Donor-Advised Fund and, unless different investment choices are made, this Fund will be invested in the most moderate pool investment model available at the time of conversion.

8. Fees. The Young Philanthropist Fund will not be charged any fees. When the Donor reaches 30 years of age and the Fund converts to a regular Donor-Advised Fund, those fees set forth on the Foundation’s regularly published schedule of fees in effect from time to time shall apply.

9. Policies and Procedures. The Fund will be administered under and subject to the Donor-Advised Fund Policies and Procedures as the same may be revised from time to time. Donor(s) has/ have reviewed these policies and procedures and received a copy of the Atlanta Jewish Foundation Donor-Advised Fund Official Guidebook.

10. Component Fund. It is intended that the Fund will be a component part of the Foundation and that nothing in the Agreement will affect the status of Jewish Federation of Greater Atlanta as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986 (the “Code”) and as an organization which is not a private foundation within the meaning of Section 509(a) of the Code. This Donor Initials Agreement will be interpreted in a manner consistent with the foregoing intention and so as to conform to the requirements of the foregoing provisions of the Code and any regulations issued pursuant thereto. The Foundation is authorized to amend this Agreement to conform to the provisions of any applicable law or government regulation in order to carry out the foregoing intention. Reference in this Agreement to provisions of the Code shall be deemed references to the corresponding provisions of any future Internal Revenue law.

Kindly indicate below your acceptance of this gift and of the foregoing terms and conditions:

Accepted on (enter date)*

Donor Name*

First Last

Donor Name (If there are additional donors)

First Last

Parent or Guardian Name if Donor is Under 18

First Last

Receipt of the above-described property on this date is acknowledged.

Demographic Data

Young Philanthropist Fund Information

The donors of a fund have full and equal rights to recommend grants and to elect the successors of the Fund. For two or more donors, all correspondence will be sent to Donor 1 if the mailing addresses are different.

Donor Name*

First Last

Donor Email*

Parent or Guardian Email if Donor is Under 18

Donor Phone*

Donor Birthdate*

Donor Mailing Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Is there more than one donor?*

Yes

Donor 2 Name*

First Last

Donor 2 Email*

Donor 2 Phone*

Donor 2 Birthdate*

Donor 2 Mailing Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Schedule A: Listing of Property Transferred to Federation to Fund a New Young Philanthropist Fund

If funding with cash, please make check payable to Jewish Federation of Greater Atlanta and indicate check number, date, and amount. If funding with stock, please provide us with exact number of shares and name/symbol of stock.*

Schedule B: (Optional) Advisors and Successor Advisors

A. Advisors: Additional advisors to the Fund as elected by the donor (i.e. siblings, parents, or grandparents):

Would you like to add a succession plan to the fund?

Yes

B. Successor Advisors/Disposition of the Fund: Upon the death or disability of all of the above-named individuals, we recommend that:

% of Fund assets be retained in the Fund

Please enter a number from 0 to 100.

Fund recommendations made by:

First Last

Relationship to you:

Age:

Phone

Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

I (we) will receive Fund recommendations from more than one person:

Yes

Fund recommendations made by:

First Last

Relationship to you:

Age:

Phone

Address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

If you choose not to make a selection below, the advisor/successor will be the default.

% Fund assets to be transferred to Atlanta Jewish Foundation as a permanent Unrestricted Endowment for the Jewish Federation of Greater Atlanta.

% Fund assets to be transferred to Atlanta Jewish Foundation as a permanent Endowment for the Annual Campaign of Jewish Federation of Greater Atlanta.

% Fund assets to be transferred to Atlanta Jewish Foundation as a permanent Endowment Fund to benefit specific organizations or areas of interest.

% Fund assets to the following organizations in equal shares.

Organization Name and Amount/Percentage

Additional Organization Name and Amount/Percentage

C. The Jewish Youth Promise The Jewish Youth Promise is a first-of-its-kind global initiative geared towards teens and young adults ages 13-24. Founded by philanthropist Mike Leven, the Jewish Youth Pledge asks Jewish teens and young adults around the globe to commit to being active, contributing members of the Jewish community. The Jewish Youth Promise reads: I hereby pledge to act today and throughout my lifetime to strengthen the Jewish people and Israel. I make this commitment because I have a responsibility to ensure that my generation writes the next chapter of the Jewish story and remains a strong link in the chain of generations. Visit: the Jewish Youth Promise website
to sign.

I signed the Jewish Future Promise!
Yes

Schedule C: Publicity

Publicity: You may include my/our name(s) and the name of the Fund as part of a list of donors, with no dollar amounts indicated, in Federation promotional materials.*
Yes
No

Section 2: Your Philanthropic Interests

Please indicate if you have a charitable interest in the following charitable areas:*
Arts & Culture (historical societies, libraries, museums, performing arts)
Education & Engagement (camps, college, pre-school, primary/secondary school, sports, synagogues)
Environment & Animals (botanical gardens, climate, conservation, parks, zoos)
Health & Well Being (disease/disability, hospital/clinic, research)
Human Services (aging, Holocaust, Social welfare (poverty, homelessness, basic needs))
Israel
Other

If you selected "other", please enter the interest here:

What organizations locally or nationally do you currently support or otherwise affiliate with?*

By signing my name below, I verify that I have read and answered all questions truthfully.*

Jewish Federation of Greater Atlanta Inc. D/B/A Atlanta Jewish Foundation

Renee Kutner - Chief Operating Officer ________________________________________

Lindsay Kopecky - Vice President, Atlanta Jewish Foundation ___________________________________