The social and legal issues with donor-advised funds

A balance sheet
A balance sheet
Shutterstock

The social and legal issues with donor-advised funds

And other updates from across New York.
April 17, 2019

836 Faile Realty has received a $4.2 million contract from the New York City Department of Homeless Services. The money will fund “late arrival placement” for homeless families with children at 836 Faile Street in the Bronx, according to the City Record. CAMBA has landed a $1.6 million contract with the Department of Social Services to help families avoid eviction. Food Bank for New York City also got a $187,500 contract from the department to provide SNAP outreach services. The Administration for Children’s Services meanwhile is spending $200,000 for the “expert witness services” of Anne Meltzer.

 

Services for the UnderServed had a busy day yesterday. Elected officials were on hand for the opening of a new supportive housing project in the Bronx. About 74 veterans and low-income people will live in the new development.

 

The NYC Housing Partnership is getting some love from Gov. Andrew Cuomo. Aries Dela Cruz, the governor’s Manhattan representative, presented a letter of congratulations on April 15 to Housing Partnership President Dan Martin, recognizing the nonprofit’s move into a new headquarters and ongoing work to create affordable housing in the area.

“The Housing Partnership record of success in facilitating over 60,000 units of new and preserved affordable housing is a testament to the tireless work of its leadership and staff,” Cuomo said in the letter.

 

Hudson Guild honored raised more than $960,000 at an April 15 event in Manhattan. Related Hudson Yards – one of the largest real estate developers in the world – was honored at the event for its support of job training programs, according to Hudson Guild Executive Director Ken Jockers. “They produced multiple job fairs that resulted in the local hiring and job placements for residents from our neighborhood,” he said in a press release.

 

Curious about donor-advised funds? A new post on the New York Community Trust’s website examines the cultural and legal issues surrounding the fundraising tool. There are six reasons to give them a try – but also a lot of legal stuff you have to know first. Read more here.

Zach Williams
Zach Williams
is a staff reporter at New York Nonprofit Media and sister publication City & State.
20190923