Making A Gift

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.

Bequests

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.

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 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.

Unrestricted Fund

To be used as the board deems necessary.

Designated Fund

Allows the donor to restrict payment to named charitable agencies or projects.

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.