We make giving simple, effective and fulfilling by connecting donors with opportunities that are meaningful to them by using charitable giving funds. Establishing a fund can often be done in less time than it takes to open a bank account. You can give virtually any type of asset – cash, stocks, closely held securities, real estate, or personal property – and receive maximum tax benefits.

We take care of the administrative and grantmaking activities, eliminating the need for you to set up a separate institution, formulate policies, file innumerable forms and monitor the status of grant recipients. And our more than 90 years of experience in Central New York can help you target your resources for greatest impact.

We offer a variety of fund types that can be customized to achieve your objectives.

Types of Funds

A community fund is flexible and designed for maximum impact. We depend on these broadly responsive funds to proactively address the evolving needs of the community and support innovative responses through our community grantmaking and initiatives.

Giving without restrictions ensures that your gift will support the greatest needs today and in the future, preserving your charitable legacy and keeping relevant even as times change. By giving to a community fund, you are joining forces with other donors who share a genuine commitment to strengthening our region – today and for generations to come.

A donor-advised fund allows you to be actively engaged in the grantmaking process by giving you the ability to advise on distributions to specific charities. Your fund can make grants to the local, national and global organizations that you wish to support. Our staff is also available to identify organizations that match your charitable interests.

Recommending grants from your fund is simple and can be managed through an online account or by contacting a development team member. We handle the managerial tasks, from investment administration to grants management. You may also designate a successor advisor to the fund – an effective way to engage family members in charitable activity.

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A field-of-interest fund allows you to focus your impact on a specific interest area, such as the arts, education or the environment and can have one or more charitable preferences, which might include a geographic area, community issue, or type of population to be served. Unlike a one-time gift or memorial, our field-of-interest funds are designed to continue for generations, extending your contribution to the area or issue of your choice long after the original gift is made.

The most pressing needs in an interest area today may not be the same two years or two decades from now. We monitor the progression of your interest area and choose organizations whose services are making the greatest impact.

A designated fund allows you to provide lasting support for organizations you have cared about most during your life. One fund can be established to support several organizations; donors sometimes specify percentages of a fund’s spendable amount to support designated charities.

As a steward of your fund, we will monitor the designated charities, and if one ceases operations or changes its purpose, we will use your original charitable intentions to guide the future use of your fund.

Nonprofit organizations can create a charitable fund to sustainably support their missions. We accept contributions from your supporters, manage the fund, administer complex gifts, oversee compliance requirements and distribute a prudent amount each year to your organization.

Nonprofit agency funds allow your organization to focus on the mission of your nonprofit and not the requirements for prudent investment management. Our professional management protects the long-term value of the fund and promotes growth to provide a consistent annual spendable amount. We also handle the fund’s administrative tasks – keeping track of gifts, handling multi-year pledges and sending acknowledgement letters.

Creating a scholarship fund can help students pursue their dreams by advancing their education. The gift of education that a scholarship fund creates is a permanent tribute to the person or organization for which it is named.

You can determine the scholarship purpose and selection criteria, and we manage the details to ensure that awards are disbursed in accordance with your wishes and in compliance with all applicable regulations. We can assist you with determining the scholarship’s eligibility criteria and award amount as well as assist in the identification of an appropriate selection process. The minimum award amount from a scholarship fund is $1,000 per student.

Fund Administration

We handle the managerial tasks of your fund – from investment administration to grants management – all for a nominal administrative fee. This fee also makes you 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 us to request more information about our administrative fees.

Any fund established today as a permanent endowment can significantly multiply in value. The gifts we receive are invested over time. A percentage of a fund’s value is used annually to make grants while preserving the original gift.

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!

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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Keeping in mind your unique interests and means, our staff is here to help you plan the giving options that are best for you. Learn more about when and what to give.

Giving Stories

Madelyn Hornstein
Stories March 4, 2021

Madelyn Hornstein

In her role as a Certified Public Accountant, Madelyn Hornstein is often asked for charitable ...

The McCurn Family
Stories January 8, 2021

Judge Neal P. McCurn

Around the time Neal McCurn was considering retirement, he established the McCurn Family Fund, which ...

Matt Wilson with his late wife's parents at Helping Hounds
Stories January 8, 2021

Matt Wilson

After his wife’s sudden death, Matt Wilson set out to continue Kelly’s legacy with help ...

Patrick Wiese stands with his mother in the dugout at CBA
Stories January 8, 2021

Patrick Wiese

Patrick Wiese and his mother, Kathleen, established the Patrick Wiese Foundation Fund after Patrick’s own ...

Jack and Linda Webb with their grandchildren at Green Lakes
Stories January 8, 2021

The Webbs

Both Jack and Linda came from families where giving and helping others was just a ...

John and Marcia Watt with On Point for College
Stories January 8, 2021

The Watts

John and Marcia Watt believe that a path to higher education should be accessible to ...

Baseball players on a field
Stories January 8, 2021

Tom Ryan

Tom Ryan was deeply moved by Syracuse's poverty statistics and wanted to do something to ...

Rita Reicher stands in her office in the AXA Towers
Stories January 8, 2021

Rita Reicher

Feeling fortunate for all the community gave to her, Rita Reicher set out to express ...

The Pluff family at their home
Stories January 8, 2021

The Pluffs

The Pluffs established a field-of-interest fund at the Community Foundation so that other families would ...

Madelyn Hornstein
Stories March 4, 2021

Madelyn Hornstein

In her role as a Certified Public Accountant, Madelyn Hornstein is often asked for charitable ...

The McCurn Family
Stories January 8, 2021

Judge Neal P. McCurn

Around the time Neal McCurn was considering retirement, he established the McCurn Family Fund, which ...

Matt Wilson with his late wife's parents at Helping Hounds
Stories January 8, 2021

Matt Wilson

After his wife’s sudden death, Matt Wilson set out to continue Kelly’s legacy with help ...

Patrick Wiese stands with his mother in the dugout at CBA
Stories January 8, 2021

Patrick Wiese

Patrick Wiese and his mother, Kathleen, established the Patrick Wiese Foundation Fund after Patrick’s own ...

Jack and Linda Webb with their grandchildren at Green Lakes
Stories January 8, 2021

The Webbs

Both Jack and Linda came from families where giving and helping others was just a ...

John and Marcia Watt with On Point for College
Stories January 8, 2021

The Watts

John and Marcia Watt believe that a path to higher education should be accessible to ...

Baseball players on a field
Stories January 8, 2021

Tom Ryan

Tom Ryan was deeply moved by Syracuse's poverty statistics and wanted to do something to ...

Rita Reicher stands in her office in the AXA Towers
Stories January 8, 2021

Rita Reicher

Feeling fortunate for all the community gave to her, Rita Reicher set out to express ...

The Pluff family at their home
Stories January 8, 2021

The Pluffs

The Pluffs established a field-of-interest fund at the Community Foundation so that other families would ...

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