Category Archives: 5forCNY News

Your Story is Powerful (But Only if You Tell It)

By Jennifer Owens, Senior Vice President & Chief Development Officer, Central New York Community Foundation There is no greater agony than bearing an untold story inside you. For many, this quote by Maya Angelou provides inspiration to share our personal stories. When I read it, though, it sounds painful and overwhelming – and discourages me from putting pen to paper

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Online Contest Asks the Question: What Matters to You in CNY?

October 26, 2016 (Syracuse, NY) – The Central New York Community Foundation wants to know: “What matters to you in Central New York?” Submit a creative entry that answers that question and you could be selected to direct a $500 grant to the local nonprofit organization of your choice. Entrants to the What Matters to You? Contest are encouraged to

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The Best Advisors Provide Planning That Survives Generations

The key to success in any financial or estate plan is implementation. Success or failure of even the best plans often comes down to executing on the details – updating beneficiary designations, changing title of assets, or creating a trust document. Completing these details is only the beginning for the charitable portions of your clients’ plans. What happens if the

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Implementing Local Legacy Simply

by Anne Ruffer Anne Ruffer, Chair of the Community Foundation’s Professional Advisor Council, is a partner at Mackenzie Hughes, LLP. In this article below, Anne provides some guidance on incorporating charitable giving into estate plans. Thanks, Anne! In 2010, the Central New York Community Foundation commissioned a study on wealth transfer. It found that over the next decade, local individuals

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Leaving Your Client’s Retirement Account to Charity and Children

You have probably told your clients many times that retirement accounts are best left to charity instead of heirs because of the taxable nature of those assets. Heirs might lose 40 percent or much more of the value of such accounts to taxes. However, when left to a qualified nonprofit, the whole account goes to the purpose intended. This leads

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