Create your own charitable legacy—
—a legacy that will make charitable gifts in your name, forever, to help the city you love and the causes you cherish. Set up an endowed fund in The New York Community Trust.
|Example #1: Grants from the fund set up by Barbara Preiskel in her will supported High 5 Tickets to the Arts, now part of ArtsConnection, which helps hundreds of City teens see music and theater events they wouldn’t otherwise be able to afford.
An endowed fund is a commitment to your grandchildren, and the generations to follow. It’s a promise that they'll have the resources to test ideas, deal with emergencies, harness new technology, and improve New York. It enables you to support the arts, protect the environment, feed hungry families, and meet other needs.
When you set up an endowed fund, you join other charitable New Yorkers
who have left a legacy with us, producing impact that one fund alone can’t accomplish.
Donors who have a private foundation
, or are considering one, find they can get the same results (making a difference) with far fewer headaches (worrying about succession, replacing trustees, children losing interest or disagreeing, hiring staff) by setting up an endowed fund at The Trust instead.
It’s painless, to you and yours. You can give what’s left after your heirs are cared for. You can leave a specific amount or percentage in your will, or leave your “residuary” estate—what’s left after your other designated gifts have been made.
Or you can make a planned gift.
A key feature of many planned gifts is a tax advantage to you now for the commitment of a charitable gift later. Two popular options:
- Charitable remainder trusts, which allow you to receive income (or provide income for another person). When the trust finishes, we will use the remaining assets to support your charitable interests.
- Charitable lead trusts, which enable you to make significant charitable gifts for a period of years, then transfer assets to beneficiaries who may benefit from significantly lower gift and estate taxes.
|Example #2: George
Delacorte, responsible for the outdoor theater and Alice in Wonderland
sculptures in Central Park, left an unrestricted fund that supported the
Silk Road Project. Founded by Yo-Yo Ma, the project brings Eurasian
culture, and even Mr. Ma himself, into City schools and
after-school programs. Photo above by Jennifer Taylor
Why The New York Community Trust?
We firmly honor your charitable intentions. Each grant is checked to ensure that the funds that support it meet the donor’s purpose. New Yorkers have trusted us since 1924.
Our stewardship is the old-fashioned, personal kind: picky. We manage the impact of your philanthropy, not just the money.
Grants from your fund go only to nonprofits that meet high standards. We give to the best, most effective charities in the City and surrounding communities, and those trying untested projects with great promise.
Each grant from your fund does the good you intended, generation after generation. You can tell us to support efforts to solve New York’s most pressing problems. You can tell us to make grants to causes you care about, like “improving early childhood education” or “cleaning up our rivers.” You can also designate grants to your favorite nonprofits.
We offer donors three kinds of endowed funds:
- You create a field-of-interest fund. Tell us the purpose. We find the most effective nonprofits for that issue.
- You create an unrestricted fund. The Trust will make grants to effective nonprofits that tackle the City’s most pressing problems.
- You create a designated fund. You handpick the nonprofits you wish to support; we’ll make grants annually.
Frequently Asked Questions
How much does it take?
That’s up to you (our minimum is $5,000, our largest so far is $75 million). Skilled investment professionals
manage your fund to produce steady income as well as growth, so your gift does more good each year.
What assets can I leave?
You can use cash, stocks, bonds, non-publicly traded or privately held stock, tangible property (e.g., art, copyrights), life insurance, or retirement plan assets.
I already have a donor-advised fund with you. Can it become an endowed fund?
Once your fund is no longer advised, any remaining assets will be used to tackle critical City issues. If your remaining assets are $5,000 or more, they will endow a fund in the name you choose. And you can add to your fund by will.
How can my legacy have the most impact?
The unrestricted fund
is Ben Franklin’s favorite: a bequest with no strings attached. The future, after all, is unimaginable. Could a donor in the 1950s foresee the role of digital technology in learning or the challenges and possibilities in health and the environment? A field-of-interest fund
, reflecting your passions, is devoted to a particular cause. The purpose can be broad or narrow. You might want to safeguard natural habitats, help kids with learning disabilities, or support nonprofits in a borough. With either an unrestricted or a field-of-interest fund, your charity never becomes obsolete.
Questions about your charitable giving? Contact Jane Wilton at (212) 686-2563 or firstname.lastname@example.org.