The Northern New York Community Foundation, Inc. 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.
A donor designates that the 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 Foundation, in return for which he or she receives income for life.
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.
Gifts made during a donor’s lifetime can take the following forms:
Friends of the Foundation Fund
Provides an opportunity for the donor to make a contribution to the annual operation of the Foundation’s 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.
To be used as the board deems necessary.
Allows the donor to restrict payment to named charitable agencies or projects.
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.