Author Topic: DAF: The Donors Fund vs The OJC Fund  (Read 19014 times)

Offline YesThatsMe

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DAF: The Donors Fund vs The OJC Fund
« on: December 24, 2019, 04:13:17 PM »
So I want to open one of these, spoke to both, and the fees math pencils very similarly.

I guess it will boil down to customer service, and ease of redemption for those receiving the certificates.

So who do you recommend?

Offline KSMH

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #1 on: December 24, 2019, 04:14:18 PM »
So I want to open one of these, spoke to both, and the fees math pencils very similarly.

I guess it will boil down to customer service, and ease of redemption for those receiving the certificates.

So who do you recommend?
How long is OJC fund open for?
Always praying for delayed baggage.

Offline YesThatsMe

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #2 on: December 24, 2019, 04:23:06 PM »
How long is OJC fund open for?

I first heard of them in 2015

Offline Mordyk

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #3 on: December 24, 2019, 04:54:20 PM »
So I want to open one of these, spoke to both, and the fees math pencils very similarly.

I guess it will boil down to customer service, and ease of redemption for those receiving the certificates.

So who do you recommend?
I have many clients that use The Donors Fund and all are all very happy.
#TYH

Offline KSMH

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #4 on: December 24, 2019, 05:35:21 PM »
I know the person of TDF he is super nice and always helpful.
Always praying for delayed baggage.

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #5 on: December 24, 2019, 06:31:59 PM »
I use TDF. The certificates are super easy to use in shul and for every meshulach.
Feelings don't care about your facts

Offline shulemw

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #6 on: December 25, 2019, 02:08:29 PM »
off topic a little i do not get how these companies survive even with the fraction they charge to run a whole company and operations....

Offline Naftuli19

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #7 on: December 25, 2019, 03:16:16 PM »
my fil and friends use OJC and are very happy
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Offline Dawie

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #8 on: December 25, 2019, 03:44:06 PM »
I think you'll find Lakewood people using Donors Fund and Brooklyn using OJC...


Offline David61

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #9 on: December 28, 2020, 06:47:40 PM »
There seems to be a modest difference in administrative fees for the following donor advised funds (DAF).
(for balances under 500K) (aside from any investment fees).
There are other differences in minimum "grants" to charity etc..

Jewish communal fund:
--$36 minimum per grant 
--annual fee of 0.75% (75 basis points) or $150*, whichever is greater
--need minimum balance of $500 to make grants to charities. Balances below $180 get distributed to "JCF Special Gifts Fund", and account is closed
--there IS Minimum grant activity (potentially influenced by grant activity of other account holders?!)


FidelityCharitable:
--$50 minimum per grant
--annual fee of 0.60% or $100, whichever is greater
--no minimum balance required to make grants
--no minimum level of grant activity


thedonorsfund:
--$100 minimum per grant
--annual 0.5% (50 basis points) or $100, whichever is greater.
--There does not appear to be a minimum balance required to make grants
--There does not appear to be minimum level of grant activity


P.s.
--The donor fund also has a "Certificate Advisory Account" where you buy certificates even for smaller dollar amounts and give them to the charity.
--The JCF indicates it may be compatible with some employer match programs
--The OJC seems to be different than the other conventional DAF provider.



« Last Edit: December 28, 2020, 06:57:54 PM by David61 »

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #10 on: December 28, 2020, 06:51:18 PM »
The Donor's Fund certificate program also has an option for blank certificates where you can fill in any amount.
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Offline Mordyk

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #11 on: December 28, 2020, 06:55:30 PM »
Donor's Fund is actually launching a new website at the end of January where there won't be any minimums at all. And it's going to be free for the donor.
#TYH

Offline ElizBuffers

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #12 on: December 28, 2020, 06:55:46 PM »
Im hearing that he Donors Fund will soon be no minimums and will not cost the client any fees. (The charity will pay like any processing fees for credit)

Offline ElizBuffers

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #13 on: December 28, 2020, 06:56:36 PM »
Jinx

Offline David61

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #14 on: December 28, 2020, 07:05:27 PM »
The Donor's Fund certificate program also has an option for blank certificates where you can fill in any amount.

That's interesting.

How big of a hassle is it for the recipient to cash those in? (mailing costs of the orginal contributor, administrative and mailing costs of the recipient, and then DF mailing back a check to the recipient, all for e.g. $18)

What happens if they never bother to cash those in? Or if they don't have a 501c3?

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #15 on: December 28, 2020, 07:08:15 PM »

That's interesting.

How big of a hassle is it for the recipient to cash those in? (mailing costs of the orginal contributor, administrative and mailing costs of the recipient, and then DF mailing back a check to the recipient, all for e.g. $18)

What happens if they never bother to cash those in? Or if they don't have a 501c3?
https://thedonorsfund.org/CAP/#howItWorks
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Offline ElizBuffers

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #16 on: December 28, 2020, 07:11:04 PM »

That's interesting.

How big of a hassle is it for the recipient to cash those in? (mailing costs of the orginal contributor, administrative and mailing costs of the recipient, and then DF mailing back a check to the recipient, all for e.g. $18)

What happens if they never bother to cash those in? Or if they don't have a 501c3?
If you don't cash in it's like losing a dollar bill. And if you don't have a 501c3 they work with you some congregations with the correct paperwork are eligible.

Online Sammy82

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #17 on: December 28, 2020, 08:32:40 PM »
Following
I just opened an account with OJC a few weeks ago. Very happy happy so far.

Offline NewYorker11219

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #18 on: March 21, 2021, 07:19:14 PM »
Anyone use FidelityCharitable? Does any of these DAFs allow you to write regular checks?

Offline JudahMcB

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Re: DAF: The Donors Fund vs The OJC Fund
« Reply #19 on: March 21, 2021, 11:11:57 PM »
Anyone use FidelityCharitable?
Yes

Does any of these DAFs allow you to write regular checks?
What do you mean by "regular checks"? Ones that you write yourself and give to someone? I don't think Fidelity allows that.