Local nonprofit organizations can broaden their giving options through use of the Adirondack Trust Company Community Fund. A patron or sponsor who wishes to give to a specific organization can establish a Donor Advised Fund (DAF) and recommend that their favorite charity receive a grant on an annual basis.
Some nonprofits that may lack the resources to establish an endowment fund can benefit from the Adirondack Trust Company Donor Advised Funds. Donors who wish to provide support for their chosen organization for years to come can utilize a DAF to obtain professional management and a tax advantaged vehicle.
The General Fund of the Adirondack Trust Company Community Fund can benefit multiple local nonprofits through its annual gifting program. The Advisory Committee’s guidance will benefit those 501(c)(3) organizations that demonstrate integrity and value to the local region. The General Fund allows individuals to make a tax deductible contribution of any amount at any time.
If you are interested in applying for a grant from the Adirondack Trust Company Community Fund, please download the Grant Guidelines form and the Grant Request form. Typical grant requests approved range from $1,000 – $2,000. The 2014 grant application period will be open from April 1st to September 30th, 2014.