Are you a start-up founder, investor or C-level executive? Consider the OFJCC Founders Club. The Founders Club is your opportunity to network with other entrepreneurs and investors by supporting the OFJCC with a pledge of 1% of your personal equity upon a liquidity event. There is no cost, and a donation of shares will create significant tax benefits. And it's great karma to support an important community institution that is central to vibrant Jewish living in Silicon Valley!
Execution of the gift transfer would occur at the approximate time the stock becomes freely tradable, including a change of control, other merger or reorganization, or an initial public offering, or at another mutually agreed upon time.
In exchange for such a pledge to the OFJCC, the Founders Club member receives the following benefits:
- Recognition for you and your company as a member of the Founders Club in OFJCC marketing collateral, including our annual Impact Report and our catalogs
- An opportunity to generate significant future value for the OFJCC at little or no present cost to you. There is no obligation to fulfill the pledge in the absence of a liquidity event
- Periodic communications about the Founders Club and the impact its supporters are making
- Gifts may be payable in one lump sum or over a maximum of five years from the date of liquidity, and will fund a program of your choice or the OFJCC's Fulfilling the Vision (FTV) Campaign*, which supports program development, campus improvements and debt reduction. The gift would roll over to the OFJCC's Endowment Fund should the FTV Campaign be complete at the time of the gift.
We are grateful for our community members who are already part of the Founders Club and we invite you to join them. For more information, contact Yonatan Melamed, Annual Fund Manager, at (650) 223-8672 or [email protected]
Thank you to these members of the Founders Club for their ongoing commitment to
enriching lives, building community and inspiring Jewish journeys:
Ben Golub, Docker
"My family and I are very excited about the mission of the OFJCC and the tremendous progress over the past several years, so we are happy to be part of the large community of OFJCC supporters. As someone who has been part of the founding team of several high tech companies, I've also learned of the unique advantages of pledging and donating early shares of stock, and I'm happy to be part of the Founder's Club at the OFJCC.
"Due to tax laws, donating highly appreciated assets, like founder's stock, can result in more money (often 40–60% more) going to the recipient organization than selling the same amount of stock and donating the proceeds. Moreover, the tax write off can also be 40%–60% higher for you. Equally important, there is a huge psychological benefit in mentally allocating a portion of Founder's shares to charity before they appreciate. It helps provide an additional layer of meaning to the considerable effort of building a company, it sets a good example for your children and others, and helps tie tech to Tikkun Olam. I encourage all founders to consider this great program."
Max Schireson, MongoDB
Oren Zeev, Zeev Ventures
Moti Rafalin, vFunction, Inc.
"The JCC means a lot to our family. It plays a central role in our lives, from the gym to Beged Kefet, from the ICC events to Zionism 3.0 conferences. We are grateful this institute exists and that it is able to bring our community together."
Harris Romanoff, Qbit
"From the moment my wife and I first stepped into the OFJCC courtyard, laying our eyes on the beautifully creative Oasis play-space, to then receiving the warmest of welcomes from everyone we met, we instantly knew that the OFJCC was where we wanted our family to be. And from that first day until now, our positive experiences have only grown exponentially. With our children having now attended the preschool for a cumulative 5 years, we watched as every morning they literally ran with excitement into their classes and every evening enthusiastically recounted all that they had experienced that day. Add to that, our children's wonderful J-Camp summer experiences and the terrific year-round family and holiday programming.
"The OFJCC is simply extraordinary. Enabling it all is an all-star team of exceptional teachers, staff and administrators who every day pour their boundless passion, creativity and dedication into all that they do. My wife and I truly feel so incredibly fortunate to have found the OFJCC and to have made so many meaningful friendships through its wonderful community. Needless to say, if in the future we are so blessed as to find ourselves in a situation to make good on this pledge, we will enthusiastically do so without a moment's hesitation."
* The FTV Campaign is a $54 million fundraising effort designed to secure the
future of the OFJCC. $24 million will be directed towards debt reduction, $15
million will support the growth and maintenance of the Taube Koret Campus for
Jewish Life and $15 million will contribute to annual program development and