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How often will I receive a report?
Reports will be mailed quarterly from the New York Community Trust. They will list all activities that took place during the preceding quarter. The are generally mailed about four to six weeks after the calendar quarter ends.
What is Advisor Express? How can I sign up?
Advisor Express is a service for donors who serve as advisors to funds at The New York Community Trust. It enables users to view fund balances, gifts to the funds, grants made, and grants pending--with information updated daily. Donors can also recommend grants electronically. Please email us if you would like to receive an ID and PSWD.
Can I change how my fund is invested?
From time to time, as circumstances warrant, you may request us to change the investment, but please remember, as personal as our service may seem, the money you have given us to establish a fund legally becomes our money, and while mindful of your interests or concerns, our decision on appropriate investment vehicles must remain the final one. For more information on how we invest, please click here. If you would like to discuss changing how your fund is invested, please e-mail us.
May I make a grant to an organization that is in a foreign country?
Since 9/11 this has been an increasingly difficult thing to do. The circumstances under which such grants are approved are narrowing. Not only must we determine that the grant will be used for charitable purposes, but the receiving agency must agree to two important conditions:
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that it complies with the U.S. Treasury regulations with regard to the Patriot Act; and
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that it will expend the money within a reasonable amount of time (in other words the grant cannot go for an endowment or capital improvements). Many major foreign organizations have established "American Friends of..." and these, because they are based in the U.S. and follow regulations governing U.S. charities, are often good substitutes for direct support. Proposed legislation may make it impossible to make foreign grants from donor-advised funds.
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