Here are the top three reasons people decide to terminate private foundations and start funds at the Long Island Community Foundation:
Running a private foundation takes too much time, is an administrative and compliance burden, and requires too much money in upkeep that could be going to grants.
The Trust’s experienced administrators manage all this for you. They help to keep compliance costs down.
Private foundations may not have the resources to vet charities, assess the needs of the community, and evaluate the success of grants—all essential parts of effective grantmaking.
LICF has some of the nation’s most respected grantmaking professionals, who can ensure your funds continue to have maximum impact.
You want to ensure your philanthropy lasts forever, but do not want to worry about finding someone to succeed you who is both qualified and shares your vision for the foundation.
The New York Community Trust has been serving local residents for 95 years, 40 of which through the Long Island Community Foundation, Our longevity helps to secure your legacy. We offer a range of fund options for you to choose from, helping to ensure that your wishes are fulfilled for years to come.
