Great Options for Your Client
We offer flexible, effective, and rewarding ways to accomplish your client's philanthropic goals. Consider our four most popular types of funds:
No one can predict the future. An unrestricted fund is insurance that your client’s generosity will remain relevant, meeting the needs of tomorrow. The Trust will make grants in your client’s name in perpetuity.
Would your client like to fund thoughtful, creative approaches to New York’s problems? We’ve developed expertise in identifying community needs and the nonprofits that are working to meet them. We know where private money can make a difference.
Your client can set up an unrestricted fund now or through a will. Our grantmaking staff is happy to do the legwork.
With a field-of-interest fund, we make grants to nonprofits that take on the issues of your client’s choosing.
Is your client especially interested in the environment, helping children, or something else? Field-of-interest funds are for people who have a particular area of charitable interest. They may name a broad area, such as education or the arts.
Or they may define a more specific purpose: to support training for disadvantaged young artists, for example.
Rather than locking a charitable contribution into a few specific charities, a field-of-interest fund reflects your client’s passions, but will always be able to meet contemporary needs, supporting the best organizations working on the problem at the time.
Do your clients have a long history with specific organizations or programs? A designated fund lets them name the charity or charities they’d like to benefit; we take care of the investments, and regularly pay grants to those charities.
A designated fund in The Trust also ensures that your client’s gift remains relevant over time and that the particular program continues to fulfill your client’s wishes. If anything changes, our board can put the money to use for other vital charities without expensive court proceedings.
With a donor-advised fund, your client or anyone he or she appoints as an advisor can recommend organizations to receive grants. It’s simple: We vet the nonprofits, write the checks, and handle the reporting. By law, we cannot be bound by these recommendations, but we give them careful consideration; it is our goal to make grants.
Your client gets the services of professional grantmaking, financial, and investment staff; the maximum charitable deduction allowed by law; and an immediate tax deduction without having to decide right away which operating charities to support. Other advantages of a donor-advised fund: the opportunity to build an endowment; and modest fees.
No one can predict the future. An unrestricted fund is insurance that your client’s generosity will remain relevant, meeting the needs of tomorrow. The Trust will make grants in your client’s name in perpetuity.
Would your client like to fund thoughtful, creative approaches to New York’s problems? We’ve developed expertise in identifying community needs and the nonprofits that are working to meet them. We know where private money can make a difference.
Your client can set up an unrestricted fund now or through a will. Our grantmaking staff is happy to do the legwork.
With a field-of-interest fund, we make grants to nonprofits that take on the issues of your client’s choosing.
Is your client especially interested in the environment, helping children, or something else? Field-of-interest funds are for people who have a particular area of charitable interest. They may name a broad area, such as education or the arts.
Or they may define a more specific purpose: to support training for disadvantaged young artists, for example.
Rather than locking a charitable contribution into a few specific charities, a field-of-interest fund reflects your client’s passions, but will always be able to meet contemporary needs, supporting the best organizations working on the problem at the time.
Do your clients have a long history with specific organizations or programs? A designated fund lets them name the charity or charities they’d like to benefit; we take care of the investments, and regularly pay grants to those charities.
A designated fund in The Trust also ensures that your client’s gift remains relevant over time and that the particular program continues to fulfill your client’s wishes. If anything changes, our board can put the money to use for other vital charities without expensive court proceedings.
With a donor-advised fund, your client or anyone he or she appoints as an advisor can recommend organizations to receive grants. It’s simple: We vet the nonprofits, write the checks, and handle the reporting. By law, we cannot be bound by these recommendations, but we give them careful consideration; it is our goal to make grants.
Your client gets the services of professional grantmaking, financial, and investment staff; the maximum charitable deduction allowed by law; and an immediate tax deduction without having to decide right away which operating charities to support. Other advantages of a donor-advised fund: the opportunity to build an endowment; and modest fees.
Your clients might be surprised by the ways they can give, and the financial and tax benefits available. We have significant experience accepting:
- retirement plan assets, such as IRAs, 401(k)s, 403(b)s
- publicly traded stock and closely-held stock
- cash
- mutual funds
- life insurance
- LLC or limited partnership interests
The New York Community Trust offers the advantages of a private foundation without most of the expense and hassle. A fund in The Trust often is a wiser choice. Administrative costs are lower; donors can take advantage of the grantmaking experts, investment staff, and other resources of a large foundation.
And because The Trust is a public charity, donors get the maximum tax benefits allowed by law. Find out details for lawyers and wealth managers in our Professional Notes.
We often hear from lawyers when clients are writing—or rewriting—wills. We can help you talk with your clients about charitable giving, or whether a charitable remainder trust, charitable lead trust, or bequest is the right answer.
A community foundation like ours is the perfect place to discuss planned giving. Should you and your client decide to establish a fund, we can provide sample language for an inter vivos gift or a bequest.
Remember: A permanent fund in The Trust will continue a family’s name and ensure that the causes they care about will be supported forever.
