Creating a lasting legacy through a permanent fund in The Trust. It is an effective way of making sure the causes you care about will benefit from your generosity forever. Let us show you ways to balance your family commitments and your philanthropic wishes. You can give what's left after your loved ones are cared for.
We can explain the tax and other benefits of planned gifts. You can:
Income taxes can take a significant portion of retirement plan assets that are left to heirs. Instead, these assets can be allocated to charity which is not subject to income tax, including other assets left to heirs. This results in the greatest benefit for both your loved ones and charitable beneficiaries.
At The New York Community Trust, we believe in the power of community. Our Legacy Society brings together donors who want to make a permanent impact on the causes they care about most. The charitable goals of members of our legacy society are as diverse as the people of our city, but they’re linked together by their desire to create a better world for generations to come.
All donors who generously provide for permanent funds at The Trust, whether through wills, trusts, beneficiary designations, or who commit to leave a balance in their existing donor-advised funds to support our work, are invited to join the Legacy Society.
If you’ve already provided for The New York Community Trust in your will or estate plans, we want to honor you in our Legacy Society. Contact Marie D’Costa at (212) 686-2461 or firstname.lastname@example.org to join us.
If you have a private foundation, or are considering one, ask yourself: Who will run it? Who will take care of annual filings? Who will make decisions about grants and investments? Will future boards share my values and priorities? If your answer to any of these is, “I don’t know,” starting a fund at The Trust might be the best answer.
Many Trust donors have both, and use their funds in The Trust to support causes outside the focus of their private foundations. Others have dissolved their family foundations into funds at The Trust to simplify their giving and reduce operational costs.