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Whether your clients are planning for their estates or are dealing with a particular circumstance—such as the sale of a business or stock options, an inheritance—and have charitable interests, The New York Community Trust may offer the most effective solution. When you help your client set up a charitable fund in The Trust, both of you benefit.
You get an ego-free partner, who for more than 80 years has given donors the best in philanthropic services. We take care of the asset transfers, make grants, handle all the record keeping and reporting, and provide your client with quarterly statements and acknowledgements of gifts and grants.
Your client:
- Joins a respected organization with a long history of helping New Yorkers make sure that their charitable gifts make a difference.
- Can tap the expertise of a staff experienced in making grants to New York nonprofits.
- Receives an immediate tax deduction at full fair market value.
- Can contribute a variety of assets.
- Pays no capital gains tax on gifts of certain types of appreciated property.
- Can give during lifetime or by will, and meet financial and estate planning needs.
- Can recommend grants to charities across the United States.
- Can set up the fund in our nonprofit corporation, which retains expert investment managers, or with a trustee bank.
For information about how we can work with you to help your clients, contact Jane L. Wilton, Esq. at 212.686.2563.
The Trust was started by a group of bankers in 1924, and at the end of 2006 had assets valued at over $2 billion and distributed $147 million in grants to charitable organizations in New York City, on Long Island, in Westchester, and across the country. |
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