New York Community Trust
The New York Community Trust is the community foundation for New York City, as well as Westchester, Suffolk, and Nassau counties. It was founded in 1924 to distribute the income from charitable funds established by will to improve the quality of life in New York City. It also offers services to living donors.[1] It is one of the oldest and largest community foundations in the United States, and pioneered donor advised funds in 1931. In 2015, it made grants totaling $165 million from assets of $2.5 billion in more than 2,000 charitable funds.
The Trust works with donors who are planning a deferred gift, writing a will, or giving today. Donors may set up four different types of funds at The Trust: Field-of-Interest, Unrestricted, Donor-Advised, or Designated.[2] The current programs areas for their competitive grants program (those not recommended by donor-advisors) are:
- Children, Youth & Families
- Community Development and the Environment
- Education, Arts, & the Humanities
- Health and People with Special Needs
Publications
- Annual Report[3]
- Grants Newsletter, produced six times per year.[4]
- Professional Notes, a Tax and Estate Planning Newsletter for professional advisors.[5]
External links
References
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