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...News and Notes...

An Open Letter to the Community

Dear Donors and Community Members:

The Tompkins Charitable Gift Fund simplifies giving through grants to charitable organizations on behalf of donors so they can focus on other goals and dreams. Donors are free of complex tax concerns and the expense of recordkeeping. In addition we increase the value of the gift through prudent investing. We make charitable giving easy, flexible and effective.

One popular way of giving has been families closing their private foundations in order to move the assets into a Charitable Gift account. Everything is handled by the Gift Fund, and the family continues giving just as before, yet the details of running a private foundation no longer need to be handled by busy families.

Another set of often seen donors are those who may not have the money it takes to set up a private foundation but enjoy having many of the advantages of one. Many current donors use appreciated securities to open an account. If the donor sells the security the taxes could be significant, so instead the donor donates them to Gift Fund. The donor is able to take the tax deduction immediately upon contributing the shares - and perhaps carry forward a tax deduction for five years. Donors are able to make charitable grants over time instead of having to choose charities all at once. The Gift Fund administers the account and takes care of it all.

We believe we deliver on our promise of making giving easy, flexible and effective. Thank you for allowing us to help fulfill you and your family's philanthropic goals.


Nancy E. Massicci
1-888-828-0099

nmassicci@tompkinstrust.com