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New York Community Trust

Manager: Elizabeth Colello
Priority: Open

BACKGROUND

Established in 1924 in NY by resolution and declaration of trust.

The trust is the umbrella name for two organizations: The New York Community Trust, an unincorporated association of charitable trusts, and its corporate affiliate, Community Funds, Inc., a New York State not-for-profit corporation. Funds set up as trusts are invested by the banks selected by the donor from the foundation's list of trustees. Trust staff and the Finance Committee monitor investment performance. Funds set up in Community funds (including the Westchester Community Foundation and the Long Island Community Foundation) are invested in the investment pool, a diversified pool managed by managers selected for their expertise in an asset class, and in mutual funds, under the guidance of the trust's Finance and Investment Committees and staff.

FIELDS OF INTEREST

AIDS, cancer, civil/human rights, environment, health care, youth development

LIMITATIONS

Giving limited to the metropolitan New York, NY, area.

No support for religious purposes.

No grants to individuals (except for scholarships), or for deficit financing, emergency funds, building campaigns, films, endowment funds, capital projects or general operating support.

FINANCIAL DATA

Total giving: $144,241,100

Qualifying distributions: $149,286,208

Giving activities include:

$144,241,100 for grants

SELECTED GRANTS

  • $5,000,000 to Hunter College Foundation, New York, NY, in 2012. For Silberman Endowment
  • $3,000,000 to Henry Schein Cares Foundation, Melville, NY, in 2012. For general support
  • $1,000,000 to Sesame Workshop, New York, NY, in 2012. For general support of the Sesame Learning Project
  • $950,000 to Bridge Fund of New York, New York, NY, in 2012. For cash assistance and employment services for families that are at risk of losing their homes in high-need neighborhoods
  • $600,000 to New York Botanical Garden, Bronx, NY, in 2012. For general support
  • $5,000 to Metropolitan Opera Association, New York, NY, in 2012. For general support
  • $5,000 to Environmental Defense Fund, New York, NY, in 2012. For general support
  • $5,000 to Catholic Social Services of Morris County, Dover, NJ, in 2012. For general support
  • $3,332 to Lawrence Hospital, Bronxville, NY, in 2012. For general support
  • $3,000 to Saint Bonaventure University, Saint Bonaventure, NY, in 2012. For a scholarship award