Professional Advisors

Recent News

Grants of $356,600 to Westchester Organizations
Westchester Community Foundation has made seventeen grants totaling $356,600 to local agencies.  “We are so proud to be able to fund programs at these wonderful agencies,” said Catherine Marsh, WCF’s Executive Director. “A key goal of the foundation is to bring together philanthropists and organizations that serve the community—the vetting process in awarding these grants assures our donors that their support is being used in the best way possible.” In early 2009’s economic downturn, the Westchester Community Foundation’s Board of Advisors voted to direct any funds possible (those not restricted by donors) to critical needs in the county, notably food, shelter, and safety.
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Stephanie Crispinelli Fund Established
The family of Stephanie Crispinelli has established the Stephanie Crispinelli Humanitarian Fund in her memory. Stephanie was one of a group of students and faculty from Lynn University of Boca Raton, Florida, who had just arrived in Haiti when the earthquake struck on January 12, 2010. The group was there to participate in the "Journey of Hope" program with the nonprofit organization Food for the Poor. This Fund will continue Stephanie's legacy of caring and giving by supporting charitable, educational and scientific projects.  Donations may be made to: The Stephanie Crispinelli Humanitarian Fund, Westchester Community Foundation, 200 North Central Park Ave, Suite 310, Hartsdale, NY 10530.
 
2010 Grants Opportunities
The Competitive Grants Process for 2010 has been announced.  Click here for more details.
 
For Professional Advisors PDF Print E-mail
Whether your clients are planning for their estates or are dealing with a particular circumstance—such as the sale of a business or stock options, an inheritance—and have charitable interests, The Westchester Community Foundation may offer the most effective solution. When you help your client set up a charitable fund at the WCF, both of you benefit.

You get a partner, who for more than 35 years has given donors the best in philanthropic services. We take care of the asset transfers, make grants, handle all the record keeping and reporting, and provide your client with quarterly statements and acknowledgements of gifts and grants.

Your client:
  • Joins a respected organization with a long history of helping Westchester residents make sure that their charitable gifts make a difference.
  • Can tap the expertise of a staff experienced in making grants to nonprofits.
  • Receives an immediate tax deduction at full fair market value.
  • Can contribute a variety of assets.
  • Pays no capital gains tax on gifts of certain types of appreciated property.
  • Can give during lifetime or by will, and meet financial and estate planning needs.
  • Can recommend grants to charities across the United States.
  • Can set up the fund in our nonprofit corporation, which retains expert investment managers, or with a trustee bank.

For information about how we can work with you to help your clients, contact Susan D. Edwards at 914.948-5166, ext 26 or  Jane L. Wilton, Esq. at 212.686.2563.

The Westchester Community Foundation is a division of the New York Community Trust.  The Trust was started by a group of bankers in 1924, and at the end of 2005 had assets valued at $1.9 billion and distributed $137 million in grants to charitable organizations in New York City, on Long Island, in Westchester, and across the country.