Giving | Long Island Community Foundation
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LET US HELP WITH YOUR CHARITABLE GIVING
We can tailor a giving program just for you. Fund effective organizations making a difference in the areas you care about—now and in the future.
Establish A Fund

We can tailor a giving program just for you—a marriage of the heart and the mind. Create a legacy to meet Long Island’s needs now and in the future, or contribute to your favorite charities through a donor-advised fund today. If you are interested in a type of fund that is not listed here, please contact our donor relations director, Marie Smith. We offer a range of funds. Here are the four most popular:

UNRESTRICTED FUND​S provide maximum flexibility to address Long Island’s needs—today and tomorrow. Your gift will support effective nonprofits working on the most pressing problems.

FIELD-OF-INTEREST FUNDS focus on your particular areas of charitable interest, such as hunger, education, or health care. You define the purpose(s) and we find and fund the best nonprofits to advance your philanthropic goals.

​DESIGNATED FUNDS allow you to name the charity, or charities, that you want to support. We invest the money, regularly make grants in your name, and monitor these organizations.

DONOR-ADVISED FUND​S are a good fit for those looking to streamline their giving in a tax-smart way. You and anyone you appoint as an advisor can easily recommend organizations to receive grants. It’s simple: You recommend the organizations using our simple online portal, we do the due diligence and the paperwork.  (Please note that by law, we cannot be bound by these recommendations, but we take them very seriously and approve grants to nonprofits that meet charitable and financial standards.)

Learn more about how we invest and what assets to give.

Support Your Causes

Our grantmaking is as broad and ambitious as Long Island. Some donors give to make this region better for everyone. Others are especially interested in particular areas including:

CREATE A PERMANENT CHARITABLE LEGACY

Protect the environment, provide opportunities to children, support artists, improve Long Island. Whatever you choose to support through your permanent fund in the Long Island Community Foundation, you will be remembered as a champion of the causes dear to you.

MORE ABOUT LEAVING A LEGACY
OPTIONS FOR PRIVATE OR FAMILY FOUNDATIONS

Consider the options for your private foundation. Your foundation can start a fund at LICF. Or you can dissolve the foundation—and avoid the record-keeping the IRS requires, not to mention possible disagreements among heirs or board members in the future.

With a fund in the Long Island Community Foundation, you can meet your charitable goals with lower costs and fewer hassles than a
private foundation.

Learn more
What It Costs

Administrative Fees

All donor-advised funds, regardless of size, are assessed the same annual administrative fee. It is the greater of:

50 basis points (5/10 of 1%) of the average market value (Example: Average market value of $300,000 = $1,500)

or

2.5% of grants paid (Example: Grants of $15,000 = $375). The fee on an individual grant of $500,000 or more is reduced to 1%.

The fee is based on market value and taken in quarterly installments. If the fee collected by the end of the year is less than 2.5% of grants paid, then the difference will be withdrawn during the first quarter of the following year.

In addition, the interest earned on cash waiting to be distributed in grants is used to defray The Trust’s administrative expenses, helping to keep the fees low. (This cash is identified as the “Grantmaking Account” on the donor statement.)

The minimum annual fee is $100.

POPULAR WAYS TO GIVE
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Name LICF in your will
It's the perfect way to continue supporting your interests after you are gone. Leave a specific amount or percentage in your will. Or leave all or part of your "residuary" estate—what's left after your loved ones are cared for and other specific bequests are fulfilled.
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CHOOSE AN ISSUE YOU CARE ABOUT
From supporting literacy to safeguarding the environment, you can create a fund in LICF to make a meaningful impact on the issues that matter most to you. More about field-of-interest funds
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GIVE FROM YOUR IRA
Donors aged 70-1/2 or older may direct contributions from an IRA directly to a public charity. The “charitable IRA rollover” provision allows you to exclude the IRA distribution from income—instead of taking it into income and claiming a charitable income tax deduction—under certain circumstances.
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CONTRIBUTE TO OUR ANNUAL FUND
You can help us say “yes” to more great projects addressing Long Island’s critical needs through our Annual Fund. We welcome the participation of new and current donors. We’re delighted to report to you how your money makes an impact.
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GIVE AND LEARN WITH OTHERS
There are a number of giving circles, educational events, and collaboratives. Join our Giving Collective, a Funder Collaborative , or attend events .
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CREATE A DONOR-ADVISED FUND
You make gifts and get an immediate tax benefit. Then you recommend grants to charities of your choice: We vet the nonprofits, write the checks, and handle the paperwork. Learn more.