The Finger Lakes Area Community Endowment, created in 1994, exists to facilitate and stimulate charitable giving throughout the Finger Lakes Region. Responding to the need to have charitable gifts professionally managed, the Community Endowment offers donors and charities alike in the region, broader flexibility and local control.
We view this as a complimentary activity to the fund-raising efforts of existing charities and foundations. All transfers of property, tangible or intangible, to the Community Endowment receive a tax-exempt status. What a great way to maximize the impact of your gift.
If you're interested in encouraging and supporting community-based philanthropy, contact one of CNB's Trust or Investment professionals, or your own legal/tax advisor. Your children and grandchildren will thank you for continuing the legacy left from previous generations!
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