The following resources are available to help you answer your clients’ questions regarding giving through the Community Foundation. We are also available to attend joint meetings with your clients, if appropriate.

The gifts we receive create charitable funds and are invested over time. A percentage of each fund’s value is used annually to make grants while preserving the original gift. This means a charitable gift made today in the form of a permanent endowment can grow in pace with inflation and still provide consistent support in the future.

For example, a fund established with a $50,000 gift can grow exponentially assuming a 4 percent annual spending rate and a 7 percent rate of return. By year 25, the endowment’s value could grow to more than $86,000 and also have already granted out $63,643 to the community. By year 50, those numbers could grow to an endowment value of $150,000 and more than $170,000 in grants awarded!

For various types of planned gifts, we can provide sample illustrations that demonstrate charitable deduction amount, life income stream and amount expected for charity. To request an illustration, please contact Pragya Murphy at pmurphy@cnycf.org or 315.422.9538.

The Financial Advisors Program allows donors to recommend a financial advisor or firm to invest charitable funds created at the Community Foundation. The investments for these charitable funds are managed by financial advisors or firms outside of our primary investment pools. This option allows you to offer philanthropic services to your clients by connecting them to us – adding value to your investment services and client relationships. Non-managed assets, such as real estate, closely held business interests, personal property and art can be converted into charitable funds that are managed through this program as well.

This program is open to funds with minimum balances of $500,000. Four model investment allocation strategies – short duration fixed income, core fixed income, balanced, and growth – reflect a variety of risk tolerances, time durations and philanthropic purposes. Our Finance Committee and investment consultant periodically review performance of funds managed through the program against applicable benchmarks.

Stewardship of the assets entrusted to us is one of our most important responsibilities. Donors place trust in us based on our ability to invest these resources prudently and to use the income produced in accordance with their charitable wishes, today and in the future.

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The following language can be used to name the Community Foundation as the recipient of a gift via a will or trust or through beneficiary designation.

Words for a Will or Trust: I give, devise, and bequeath to the Central New York Community Foundation (EIN 15-0626910), Syracuse, New York, a New York non-profit corporation, [%, $ or other] to be held, administered and used by the Board of Directors for the ****** Fund.

Beneficiary Designation: Our listing as beneficiary should be “Central New York Community Foundation, Inc., EIN 15-0626910, 431 E. Fayette Street, Suite 100, Syracuse, NY 13202” and if space is provided include “FBO ****** Fund”. When making a beneficiary change, the donor should notify CNYCF of their intentions for the gift.

Please deliver your stock shares to the broker for the Central New York Community Foundation as follows: DTC #0015, Morgan Stanley Wealth Management, Account # 621-113406-409, Central New York Community Foundation, Inc., Attn: Tom Griffith 315.422.9538.

It is extremely important that you notify us when transferring securities into our account so that we may credit your gift to the appropriate charitable fund. Please notify us that a stock transfer is in process, the name and number of shares and the fund to which the shares should be credited. You can reach us by email at info@cnycf.org; by phone at 315.422.9538 or by fax at 315.471.6031. Thank you for your stock gift.

To initiate a transfer, please provide us with the name of the mutual fund, the number of shares, and the telephone number and contact person (if available) at the mutual fund company. We recommend that you also contact the mutual fund company to ask about the process of making a charitable gift of mutual fund shares. Specifically, you will want to know whether the company has a required form for instructions to initiate the transfer and whether those instructions will require a medallion signature guarantee.

When we confirm with you either that an existing account is available or that a new account is being established for the purpose of accepting your gift, at that point you can instruct the mutual fund company to transfer the shares to our account. This process can typically take two to four weeks to complete.

If your client plans to make a gift through their financial or estate plan, you may complete this form to designate how they would like the Community Foundation to use the charitable fund that will be a part of their legacy in this community.

View Form

We handle the managerial tasks of each fund – from investment administration to grants management – all for a nominal support fee. This fee also makes our fundholders part of the change we enable in Central New York by supporting community grantmaking and convenings, facilitated dialogues, nonprofit trainings and the promotion of charitable giving that ultimately transforms the communities we call home. Contact TGriffith@cnycf.org to request more information about our support fees.

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