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5forCNY News – Central New York Community Foundation NEWS
Community Foundation Partners With Elementary School to Fill Gaps in Summer Learning
When the school year ends, children in high-poverty environments often lose the opportunity to benefit from healthy food and safe places to spend their days. And their social and economic situations often provide few occasions where they can continue their learning. The cumulative effect is a crisis in the making: students lose an average of more than two months in
Monday, November 5, 2018 10:19:07 AM

What Your Estate Planning Clients Wish You Were Asking
Nearly 75% of high net worth individuals consider charity to be an important consideration in their financial and estate planning, according to a survey conducted in 2013 by U.S. Trust. This sounds like good news for charities, but the data also highlights a breakdown in action by professional advisors that can derail these good intentions. Only about half of poll
Saturday, March 24, 2018 2:27:30 PM

Artist Leaves Estate to Fund Benefiting Local Art Park
February 27, 2018 – When one of Central New York’s most prominent artists passed away last year, her estate named the Central New York Community Foundation the recipient of more than $1.6 million to preserve the local public art space that she considered her brightest accomplishment. Dorothy Riester was 100 years old when she passed away in July. Over the
Tuesday, February 27, 2018 8:17:55 AM

Florida Residency: It Doesn’t Have to Change NYS Charitable Giving
By Marion Hancock Fish, Esq. Fall is here and Central New York snowbirds are making travel plans to flee the Empire State. While weather is certainly one reason to fly off to Florida, many snowbirds are heading south for another reason – to establish or maintain their non-New York residency for tax purposes. Recent changes in the law have reduced
Monday, November 20, 2017 4:31:39 PM

Jordan, NY Resident Leaves Estate Gift to Local Charities
In Cayuga and western Onondaga counties, children will have additional reading opportunities, more stray animals will find safe shelter and happy homes and residents will enjoy a vibrant parade. All of this thanks to the new Melvin E. Brown Fund at the Central New York Community Foundation; this fund was established by its namesake, a long-time Village of Jordan resident.
Thursday, November 2, 2017 10:46:26 AM

Greater Giving: Sharing What Matters Most
By Jan Lane, Development Officer In the nonprofit sector, we use the word “philanthropy” all the time. Aside from being notoriously hard to say, what does it really mean? It most directly translates to love of humanity or love of mankind. At the Community Foundation, we define it more specifically as the sharing of charitable resources for the benefit of
Wednesday, October 11, 2017 1:45:37 PM

Gifts of Life Insurance: 3 Case Studies
One of the most straightforward ways for a person to benefit charity is through a gift of life insurance. Making this gift is as simple as listing each one on the policy’s beneficiaries – whether people, charity or some to each – on the designation form.  Here are three case studies where our donors used life insurance to achieve their
Wednesday, August 9, 2017 2:48:41 PM

Prominent Doctor Leaves $1.35 Million to Local Charity
July 17, 2017 – Central New York charities will soon be receiving additional support thanks to a large donation from a man who worked hard to improve the lives of people living in the region he and his family loved. A $1.35 million gift made by Dr. William Clark, Jr. to the Central New York Community Foundation will seed two
Monday, July 17, 2017 8:21:44 AM

Your Story is Powerful (But Only if You Tell It)
By Jennifer Owens, Senior Vice President & Chief Development Officer, Central New York Community Foundation There is no greater agony than bearing an untold story inside you. For many, this quote by Maya Angelou provides inspiration to share our personal stories. When I read it, though, it sounds painful and overwhelming – and discourages me from putting pen to paper
Tuesday, June 20, 2017 4:41:27 PM

Online Contest Asks the Question: What Matters to You in CNY?
October 26, 2016 (Syracuse, NY) – The Central New York Community Foundation wants to know: “What matters to you in Central New York?” Submit a creative entry that answers that question and you could be selected to direct a $500 grant to the local nonprofit organization of your choice. Entrants to the What Matters to You? Contest are encouraged to
Wednesday, October 26, 2016 2:17:24 PM

Three Pivotal Questions for Your Clients
Asking good questions is the best way to get good answers. In fact, some questions are pivotal and change the direction of a relationship going forward. Following are three pivotal questions to ask if you want to be a resource for your clients on incorporating charity into their financial or estate plan. You can ask your clients: Do you have
Tuesday, June 21, 2016 11:37:02 AM

The Best Advisors Provide Planning That Survives Generations
The key to success in any financial or estate plan is implementation. Success or failure of even the best plans often comes down to executing on the details – updating beneficiary designations, changing title of assets, or creating a trust document. Completing these details is only the beginning for the charitable portions of your clients’ plans. What happens if the
Tuesday, March 8, 2016 9:27:12 AM

Implementing Local Legacy Simply
by Anne Ruffer Anne Ruffer, Chair of the Community Foundation’s Professional Advisor Council, is a partner at Mackenzie Hughes, LLP. In this article below, Anne provides some guidance on incorporating charitable giving into estate plans. Thanks, Anne! In 2010, the Central New York Community Foundation commissioned a study on wealth transfer. It found that over the next decade, local individuals
Tuesday, December 1, 2015 9:21:43 AM

Leaving Your Client’s Retirement Account to Charity and Children
You have probably told your clients many times that retirement accounts are best left to charity instead of heirs because of the taxable nature of those assets. Heirs might lose 40 percent or much more of the value of such accounts to taxes. However, when left to a qualified nonprofit, the whole account goes to the purpose intended. This leads
Tuesday, September 1, 2015 9:25:26 AM

Focus on Transfer of Wealth: How 5% Can Make a Difference
Imagine the difference we could make in our community if $55 million in grants were available to our local nonprofit organizations each year. In 2010, the Community Foundation took part in a nationwide study and had our five-county-area analyzed to determine the amount of wealth present and how much of that is expected to transfer to the baby-boomer generation in
Monday, June 1, 2015 9:29:33 AM

Learn How You Can Help Change the Face of Central New York
In 2010, the Central New York Community Foundation commissioned a study on the impact that imminent estate transfers will have on the region. Over the next few years, local individuals and families will leave an unprecedented $22 billion to their relatives after they pass away. How much of this enormous generational transfer of wealth will stay in this community? Now,
Wednesday, March 25, 2015 11:42:15 AM

Supporting Your Community and Growing your Business Through Wealth Transfer
The Community Foundation commissioned research in 2011 to assess the expected wealth transfer in Central New York over the next 10 years. The research study showed a combined individual net worth of $57 billion in five counties of Central New York and concluded that the region is poised to experience an unprecedented 39% transfer of wealth between generations totaling $22
Monday, September 1, 2014 9:30:48 AM

Study Points to Substantial Opportunities in Imminent Transfer of Wealth
November 15, 2011 (Syracuse, NY) – With a current combined individual net worth of $57 billion, Central New York’s five-county region is poised to experience an unprecedented 39 percent transfer of wealth between generations totaling $22 billion over the next 10 years. This could lead to a significant positive impact on the region, according to research commissioned by the Central
Tuesday, November 15, 2011 5:00:06 AM

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  • Barbara Genton

    I wanted to do something to give back to the organizations that have helped me in my own life.
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  • Jim Mackin

    I want Central New York to be a place where everyone can realize their personal dreams.
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  • Letty Murray

    I feel strongly that my family's legacy of generosity should continue on long after I'm gone.
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  • Mansukh Shah

    Whatever we can do to ensure a bright future for Central New York, we should do it!
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