The Northern New York Community Foundation serves many donors with a variety of charitable interests. Gifts are tax-deductible and may be made during the donor’s lifetime or by bequest in a will.
Bequests
A donor designates that the Community Foundation is to receive a specific amount, a percent of the estate, or a piece of property.
Life Income Gifts
A donor makes a gift to the Community Foundation, in return for which he or she receives income for life.
Gift Annuity
In exchange for a gift of cash or securities, a donor receives a guaranteed annual payment for life. When the annuity terminates, a permanent endowment fund is established in the donor’s name. This fund may be used to support a local charitable organization.
Outright Gifts
Gifts made during a donor’s lifetime may take the following forms:
Friends of the Foundation Community Betterment Annual Fund
Provides an opportunity for the donor to support the annual operation of the Community Foundation and its programs, or to make periodic contributions to the Foundation’s endowment in a fund named after the donor or his or her family, or in memory of a loved one.
Unrestricted Fund
To be used as the board deems necessary.
Designated Fund
Allows the donor to restrict payment to named charitable agencies or projects.
Donor Advised Fund
Allows the donor to make tax-deductible gifts to the Foundation and then to make suggestions to the Board of Directors for the philanthropic use of the fund.