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Businesses and Private Foundations

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What Is The Long Island Community Foundation?

The Long Island Community Foundation, a division of The New York Community Trust, is one of 700 community foundations around the nation:

  • We manage and administer charitable funds for individuals, families, and businesses, allowing donors to focus on their philanthropy, not on the paperwork.
  • We award millions of dollars in grants to support nonprofit organizations located throughout the Nation, the region, and Long Island.
For almost 30 years, the LICF has been helping Long Islanders make a difference.

Corporate Giving Through The LICF

  • Less expensive than a private foundation or salaried contributions staff
  • Corporate recognition for all charitable donations
  • Fund choices that allow a broad range of participation
  • All paperwork, accounting, and administration done by the LICF and The New York Community Trust
  • Investment management and due dilligence performed by The New York Community Trust

Why Consider Opening A Business Fund In The LICF?

The Long Island Community Foundation offers an economical and flexible way for businesses to support nonprofit organizations where their customers and employees live and work. As a division of The New York Community Trust, which manages $2 billion in assets, the LICF benefits from the Trust's investment management services, familiarity with national and regional nonprofit organizations, and its reputation. With these resources behind the LICF, staff can focus on understanding Long Island and providing personalized services to our corporate and individual donors. Although it's the "Long Island" Community Foundation, donors may direct their philanthropy nationally and regionally as well as locally.

A fund at the LICF can significantly reduce the costs of charitable giving while maintaining high corporate visibility.

Grantmaking can be tailored to meet an individual company's philosophy of giving.

The LICF and Trust perform all administrative tasks:

  • investment management of the charitable fund
  • due diligence on proposed charities
  • preparation of grant award letters
  • issuance of checks
  • quarterly statements reporting investment and grants activity

How Can The LICF Work With A Private Foundation?

The LICF works with private foundations in a number of ways:

  • a private foundation can rely on our local expertise to distribute grants in support of work on emerging issues.
  • LICF and private foundations work collaboratively to conceive and fund regional initiatives.
  • LICF program staff can identify local nonprofit organizations to support in order to fulfill a foundation's articulated philanthropic goals.