BECOME A DONOR
Bob Edgar and Gay Young
You Can Change Lives Now and in the Future
N
ew Yorkers who want to make a difference now and in the future set up funds in The New York Community Trust. We make grants in four areas: Children, Youth, and Families; Community Development and the Environment; Education, Arts, and Human Justice; and Health and People with Special Needs. Since 1924, The Trust has made donors’ charitable wishes come true.
• A donor-advised fund is a convenient
way to accomplish your giving today. It is an unrestricted fund legally, but the donor recommends the organizations to receive grants. By law, we cannot be bound by these recommendations, but we take them very seriously and approve grants to nonprofits that meet charitable program, governance, and financial standards.
We provide an easy, flexible way for you to give wisely and receive the maximum allowable tax deductions.
Once you decide what you want to accomplish, our staff can help refine your goals. You name your fund—typically using your own name or the name of someone you want to honor. If you prefer anonymity, you can choose a general name.
Your Choice of Funds
Three Ways to Start a Fund
• An unrestricted fund is a good option
Give now: Set up a fund to support charities during your lifetime and endow it to benefit future generations. Many of our donors regularly add money to funds they’ve established.
for donors who want their gifts used to meet unexpected needs, to expand opportunities for all New Yorkers, and improve the quality of life. We are expert in identifying community needs and the nonprofits best equipped to meet them.
• For donors who care deeply about
particular areas—such as children, education, the arts, the environment, or medical research—a field-of-interest fund allows The Trust to make grants that meet needs in that area. Donors also can establish field-of-interest funds that they advise.
• A designated fund is for donors who
want to support specific organizations or programs, but recognize that the world may change. If circumstances do change, The Trust makes sure that the gift remains relevant over time. (See page 27 for details.)
Give later: Set up a fund through a deferred-giving arrangement. A key feature of many estate plans is a tax advantage now for the commitment of a charitable gift later. Charitable Remainder Trusts, Charitable Lead Trusts, and gifts of life insurance or retirement plan assets all can be used. Create a fund in your will: After providing for personal bequests, you may include provisions for setting up a fund with The Trust or adding to an existing one. You’ll save estate taxes and ensure the issues you care about will benefit from your generosity. Forever.
Giving to The Trust is:
Easy It takes very little paperwork to create a charitable fund. Most are established by a letter of agreement, or a paragraph in a will. We work with people with every kind of philanthropic interest.
Wise We do our homework so that grants are made to well-run, carefully vetted nonprofits.
Deductible Because The Trust is a public charity, donors are ensured the maximum deduction allowed by law.
Contact Bob Edgar, VP, donor relations: (212) 686-2564; rve@nyct-cfi.org or Jane Wilton, general counsel: (212) 686-2563; janewilton@nyct-cfi.org
Continued on next page
ANNUAL REPORT
23