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How to Manage Your Fund

In addition to processing your grant suggestions on time, we can also work with you to tailor a grant program, check into a particular nonprofit, or fill you in on charitable needs and activities in the City. Below are tools to help you manage your fund. Many answers can be found in detail in our Frequently Asked Questions section as well.


MyNYCT makes it easy to suggest grants online, see your fund balance, and check on outgoing grants.
Manage your fund with MyNYCT

Sign up for MyNYCT today. Contact Gay Young at (212) 686 - 0010 x377 and let her know you'd like to get started.

Log on to MyNYCT to submit a grant suggestion, check your fund balance, or find out the status of your grant suggestions.

Suggest a Grant in Print

Read instructions and download the form.

Add or Remove an Advisor

Read instructions and download the form.

Add to Your Fund

Interested in making cash, stock, mutual funds, or other gifts. Find out details here.  Or contact Gay Young at (212) 686-0010 x377. You can also download instructions on donating securities here.>>

Check Your Fund Statement

Fund Statements will be mailed to you every quarter, or you can see account information on MyNYCT.


Managing Your Fund

How long does it take to issue a check?

Assuming there are funds available to make the grant, and if an organization is already in our database of approved charities, a check will generally be sent within seven to ten days. If we need to review the charity to make sure it meets our standards, it may take two to six weeks. There are rare instances in which it takes longer than six weeks to make a grant.

Will the nonprofit know the grant is from my fund?

Yes, unless you don't want it to. A voucher accompanies each check and notes the name of the fund from which the grant was made, and states that the grant was "made at the suggestion of [name]." If you would like the gift to be anonymous, please let us know.

May I have fundraising events to increase the size of my fund?

This is a trickier question than it may seem. You may not legally use our name to publicly solicit funds (in which case you are acting as an unauthorized "agent" of The Trust). Nor can we pay expenses of a fundraiser you host in order to raise money for your fund. However, you certainly can ask friends to contribute to your fund (say, in lieu of a Christmas present to you, or in honor of your birthday).

Will I get a receipt for tax purposes?

Absolutely. What's often convenient for some donors is that we keep copies of our acknowledgements. When tax time rolls around and you can't find your original, we'll send you a copy.

What kind of assets may I use to open a fund?

Funds may be established with the following: cash, securities traded on major exchanges, closely held stock, mutual fund shares, retirement plan assets, interests in limited partnerships, literature copyrights, and movie and television rights. We are skilled at evaluating unusual assets and have the flexibility to accommodate them when suitable for charity.

How do I add to my fund?

Cash
If you want to give cash, make your check payable to "Community Funds, Inc." and write the name of the fund on the memo portion of the check. If you would prefer giving via cash wire transfer, please contact Raymond Salibur at (212) 686-0010 x455 for instructions.

Appreciated securities
Many donors prefer to contribute appreciated securities (since you receive the deduction for the current value, and pay no capital gains). If that's the case, please download this form that explains the procedure for giving securities. 

Non-publicly traded securities
Non-publicly traded securities may also be appropriate gifts. For these, please contact our counsel, Jane Wilton, at (212) 686 - 2563. She can determine whether we can accept the gift and walk you through the process.

909 Third Avenue | New York, NY 10022 | P (212) 686-0010 | F (212) 532-8528 | info@nyct-cfi.org
Contact Us | Staff | Westchester Community Foundation | Long Island Community Foundation

The New York Community Trust is a 501(c)3 public charity.

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