Overview
What is The New York Community Trust?
The New York Community Trust is a grantmaking foundation based in New York City. Its mission is to bridge the gap between generous New Yorkers and vital nonprofits, working towards a healthier, more equitable, and prosperous community for all residents of New York City, Long Island, and Westchester. Through its grantmaking activities, the Trust supports various initiatives aimed at enhancing the lives of local residents.
Official website here: www.nycommunitytrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The New York Community Trust has received a stellar rating of 97% from Charity Navigator, indicating a high level of accountability and financial health. The organization boasts a fully independent board, robust financial oversight, and strong program expense ratio, with 89.49% of expenses directed towards its programs. This suggests effective management of resources and a commitment to transparency in operations, as evidenced by their comprehensive policies on conflict of interest, whistleblower protections, and donor privacy.
User feedback from Great Nonprofits reflects positively on the organization's donor-advised fund, with donors appreciating the ease of managing grants online and the educational opportunities provided. One donor specifically highlighted the strategic advantages of using their services for charitable giving, promoting the trust as a valuable resource for learning about non-profits and making impactful contributions.
However, while the organization's financial metrics exhibit excellence, it has been noted that the audit report is not available on their website, which could raise questions regarding transparency. Overall, The New York Community Trust appears to be a well-managed nonprofit with a strong focus on donor engagement and educational outreach.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The New York Community Trust legitimate?
The New York Community Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New York Community Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,094,783
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,867,978
For more financial information, click here
Official website here: www.nycommunitytrust.org
What is the mission statement of The New York Community Trust?
The New York Community Trust serves as a bridge between generous individuals and impactful nonprofits in bettering the lives of community members. Dedicated to enhancing the well-being of New York City, Long Island, and Westchester residents, the Trust facilitates connections between these individuals and vital organizations. The Trust's mission is to foster a healthy, equitable, and prosperous community for all by supporting these nonprofits in their mission. Through grantmaking and collaboration, the Trust empowers these organizations to create lasting change and improve the quality of life for those they serve.
Official website here: www.nycommunitytrust.org
Who is the CEO of The New York Community Trust?
Amy Freitag is the President (As Of 7/22) of The New York Community Trust.
Official website here: www.nycommunitytrust.org
What is the revenue of The New York Community Trust?
The New York Community Trust's revenue in 2022 was $314,675,691.
Official website here: www.nycommunitytrust.org
Who are the executives of The New York Community Trust and what are their salaries?
The average compensation at The New York Community Trust during 2022 was $155,668. There are 64 employees and 42 volunteers at The New York Community Trust.
Here are 31 key members and their salaries:
- Compensation: $784,355
- Related: $0
- Other: $134,205
- Compensation: $407,064
- Related: $0
- Other: $61,260
- Compensation: $310,912
- Related: $0
- Other: $132,872
- Compensation: $333,083
- Related: $0
- Other: $103,435
- Compensation: $380,607
- Related: $0
- Other: $47,759
- Compensation: $282,961
- Related: $0
- Other: $65,653
- Compensation: $220,761
- Related: $0
- Other: $85,005
- Compensation: $219,386
- Related: $0
- Other: $74,588
- Compensation: $205,137
- Related: $0
- Other: $84,070
- Compensation: $231,129
- Related: $0
- Other: $52,624
- Compensation: $196,238
- Related: $0
- Other: $83,398
- Compensation: $207,134
- Related: $0
- Other: $67,702
- Compensation: $191,258
- Related: $0
- Other: $77,689
- Compensation: $185,534
- Related: $0
- Other: $78,764
- Compensation: $176,998
- Related: $0
- Other: $81,715
- Compensation: $167,727
- Related: $0
- Other: $89,647
- Compensation: $155,554
- Related: $0
- Other: $76,284
- Compensation: $145,165
- Related: $0
- Other: $34,954
- Compensation: $132,639
- Related: $0
- Other: $26,810
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nycommunitytrust.org
Where can I find the form 990 for The New York Community Trust?
The New York Community Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nycommunitytrust.org
Learn more at the official website: www.nycommunitytrust.org
Mission Statement of The New York Community Trust
The New York Community Trust, a renowned grantmaking foundation, is deeply committed to enhancing the lives of New York City, Long Island, and Westchester residents. As a bridge between generous New Yorkers and impactful nonprofits, the Trust plays a pivotal role in fostering a community that is healthy, equitable, and flourishing for all.
By forging connections between generous New Yorkers and vital nonprofit organizations, The New York Community Trust serves as a catalyst for positive change. The Trust's mission goes beyond mere financial support; it aims to create lasting partnerships that foster sustainable growth and impact. Through its grantmaking efforts, it empowers nonprofits to address pressing social issues and improve the overall well-being of the community.
The Trust's role extends beyond just funding, as it also acts as a facilitator, providing valuable resources and expertise to the organizations it supports. This collaborative approach ensures that the nonprofits have the necessary tools and knowledge to effectively tackle the challenges they face and maximize their impact. In this way, The New York Community Trust is not just a grantmaking foundation, but a trusted partner and advocate for a better future for New York City, Long Island, and Westchester.
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Impact
October, 2024
The New York Community Trust plays a vital role in enhancing the quality of life for residents across New York City, Long Island, and Westchester. By connecting generous individuals with essential nonprofits, the Trust fosters a network of support aimed at building a healthier, more equitable community. Its impact is felt through diverse initiatives that address pressing social issues, promote well-being, and ensure resources are available for those in need. The Trust’s commitment to philanthropy directs funding and resources toward organizations that are working tirelessly to create a thriving environment for all residents. Through its strategic grantmaking, the Trust not only responds to the challenges of the present but also lays the foundation for a sustainable future.
This information is meant to be a general summary of The New York Community Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $184,674,431
- Gross Receipts: $989,413,778
Assets and Liabilities:
- Total Assets: $2,933,076,201
- Total Liabilities: $75,304,951
- Net Assets: $2,857,771,250
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Organization Details
Founding Year
1924
Phone
(212) 686-0010Principal Officer
Amy Freitag
Main Address
909 Third Avenue Suite 22nd Fl, New York, NY, 10022
Website
www.nycommunitytrust.orgNTEE Category
Code: T310 - Philanthropy
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