Permanent Charitable Legacies - Information for Professional Advisors

PERMANENT CHARITABLE LEGACIES

Bespoke funds for your clients that stand the test of time.

Protect the environment, provide opportunities to young people, bolster the arts, fuel medical studies, improve life in New York and beyond. Whatever your client wants to support through their permanent fund in The New York Community Trust, they will be remembered as a champion of the causes dear to them. They can choose one or multiple issue areas or communities to support.

The future is unpredictable. The New York Community Trust was built for that. Through our deep expertise, sound investment, and careful oversight, we will ensure your clients’ charitable gift meets tomorrow’s challenges, as we’ve been doing since 1924.

We have the right funds for your clients.

n UNRESTRICTED FUNDS provide maximum flexibility to confront New York’s needs—today and tomorrow. We will use your client’s gift to assist effective nonprofits working to address the most pressing problems.

n FIELD-OF-INTEREST FUNDS focus on your client’s particular areas of charitable interest, such as hunger, education, or healthcare. They define the purpose(s) and we match them with the best nonprofits working to advance their philanthropic goals.

n DESIGNATED FUNDS allow your client to name the charity, or charities, that you want to support. We invest the money, regularly make grants in your name, and monitor these organizations.

$4.3M

$18.2M $17.4M

Grants made to date*

Current fund value*

* As of 5/31/2022

THE POWER OF ENDOWMENT

Katharine A. Park Fund for the Elderly

ADVANTAGES OF A PERMANENT FUND IN THE TRUST

n Funds can bear your client’s name, the name of a loved one, or something else. Recipients are reminded of their generosity with every grant we make from their fund.

n Permanent, or endowed, funds can be established today, or through their estate. They can also convert existing donor-advised funds into a permanent funds.

n They can set up a fund with a wide variety of assets. We’re also experts in working with charitable remainder trusts, lead trusts, and private foundations.

n The assets of a permanent fund are invested to grow principal while making grants each year. Funds at The Trust range from $5,000 to more than $140 million

n We work with you and your client to articulate a philanthropic strategy for your fund that achieves your goals today while planning for the future

CONTACT US

Judy Goldring’s brother was born with a brain injury. She created the Jack Goldring Fund in his memory.

Every year, her fund helps effective nonprofits improve the lives of those living with intellectual and physical disabilities.

The Trust used the Goldring Fund to expand a program at CIDA that provides job training to young Asian-Americans with disabilities.

Under New York Not-for-Profit Corporation Law Section 553(b), unless the gift instrument provides otherwise, we may spend from an endowment fund the amount we deem prudent after considering the factors set forth in that statute.

JUDY GOLDRING AND THE JACK GOLDRING FUND