The Young Philanthropist program allows family and/or friends to open a JEF Donor Advised Fund for a minor child with a tax-deductible gift of as little as $500.
Unlike regular Donor Advised Funds which cannot begin making distributions until the fund reaches $10,000, JEF allows the child to start his or her charitable contributions from the fund’s income as soon as the fund is established. There is no administrative cost reimbursement.