Category Archives: 5forCNY News

What Your Estate Planning Clients Wish You Were Asking

Nearly 75% of high net worth individuals consider charity to be an important consideration in their financial and estate planning, according to a survey conducted in 2013 by U.S. Trust. This sounds like good news for charities, but the data also highlights a breakdown in action by professional advisors that can derail these good intentions. Only about half of poll

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Artist Leaves Estate to Fund Benefiting Local Art Park

February 27, 2018 – When one of Central New York’s most prominent artists passed away last year, her estate named the Central New York Community Foundation the recipient of more than $1.6 million to preserve the local public art space that she considered her brightest accomplishment. Dorothy Riester was 100 years old when she passed away in July. Over the

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Florida Residency: It Doesn’t Have to Change NYS Charitable Giving

By Marion Hancock Fish, Esq. Fall is here and Central New York snowbirds are making travel plans to flee the Empire State. While weather is certainly one reason to fly off to Florida, many snowbirds are heading south for another reason – to establish or maintain their non-New York residency for tax purposes. Recent changes in the law have reduced

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Jordan, NY Resident Leaves Estate Gift to Local Charities

In Cayuga and western Onondaga counties, children will have additional reading opportunities, more stray animals will find safe shelter and happy homes and residents will enjoy a vibrant parade. All of this thanks to the new Melvin E. Brown Fund at the Central New York Community Foundation; this fund was established by its namesake, a long-time Village of Jordan resident.

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Greater Giving: Sharing What Matters Most

By Jan Lane, Development Officer In the nonprofit sector, we use the word “philanthropy” all the time. Aside from being notoriously hard to say, what does it really mean? It most directly translates to love of humanity or love of mankind. At the Community Foundation, we define it more specifically as the sharing of charitable resources for the benefit of

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