named programs · 3 · from sources
What they call their work
Donor Advised Fund (DAF)
Enables individuals, families, and businesses to establish charitable giving accounts with tax advantages; donors can recommend grants to qualified charities over time
General Fund
Receives donations of any amount; an independent advisory committee selects local nonprofits to receive grants from this pooled fund
Lend-A-Hand Grant Program
Annual grant program distributing funds to local nonprofits in Saratoga, Warren, and Washington Counties; supported by the Autumn of Giving Match Campaign
activities · 3 groups
What they do
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Donor-Advised Fund Grantmaking 1 activity
- Administering Donor Advised FundsOffers Donor Advised Funds that allow individuals, families, and businesses to make tax-deductible contributions (minimum $5,000 initial contribution) and recommend grants to local 501(c)(3) nonprofits. The fund accepts donations of cash, appreciated securities, and legacy gifts such as IRA bequests and life insurance beneficiary designations, and provides administrative services at no cost with a discounted annual investment management fee of 0.5% after the first year.
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General Operating Support Grants 1 activity
- Funding local nonprofits through the General FundDistributes grants to local nonprofit organizations in Saratoga, Warren, and Washington Counties and the surrounding region through its General Fund, which accepts tax-deductible donations of any amount. The fund supports a range of community initiatives including veterans outreach, STEM education, summer lunch programs, wildlife education, homelessness prevention, youth services, and the arts.
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Union and Association Benefit Funds 1 activity
- Managing fund assets and investmentOversees the administration and investment of fund assets through the Trust Department of The Adirondack Trust Company, charging an annual investment management fee of 0.5% of market value after waiving fees for the first year.
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financials · form 990 · fy2024
revenue
Total revenue$715K
Contributions & grants$418K58%
Program service revenue$00%
Investment income$296K41%
Other revenue$1K
expenses
Total expenses$499K
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$0
Grants paid out$445K
Largest expense lineProfessional Fees
balance sheet
Total assets$7.71M
Cash$1.73M
Investments$5.98M
Liabilities$16K
Net assets$7.69M
Liquid reserves185.3 mo
4 years on record · 2020–2024 · YoY revenue +19.2%
leadership · form 990 part vii · fy2024
Who runs it
board members · 11
- ADIRONDACK TRUST COMPANY — TRUSTEE
- BRIAN STRAUGHTER — ADVISORY MEM
- CAROLINE PUTMAN — TREASURER
- COLLEEN CARLSON — CHAIRPERSON
- DAN ROOHAN — ADVISORY MEM
- JOYCE URE — ADVISORY MEM
- MICHAEL BRODT — TRUSTEE
- PHILIP KLEIN — ADVISORY MEM
- STEVE BOXLEY — ADVISORY MEM
- SUSAN BOKAN — ADVISORY MEM
- VINNIE CROCITTO III — ADVISORY MEM
relationships · 23
Who they work with
- Adirondack Trust Company Government — Adirondack Trust Company serves as Trustee and Administrator of the ATC Community Fund and matches event proceeds.
- Adirondack Trust Company Government — Advisory Committee member Philip Klein is a retiree of the Adirondack Trust Company’s Insurance Division.
- Adirondack Trust Company Government — Operates in affiliation with the Adirondack Trust Company to provide charitable giving services.
- Adirondack Trust Company Government — Serves as Trustee and Administrator of the ATC Community Fund.
- Adirondack Trust Company Partner — Matches funds raised by the Autumn of Giving Campaign.
- Country Corner Cafe Partner — Donates $1 for every cup of coffee purchased on specific Thursdays in October to support the Lend-A-Hand Grant program.
- Cudney's Cleaners Partner — Donates $2 per blanket or comforter cleaned during October to support the Lend-A-Hand Grant program.
- Dark Horse Mercantile Partner — Donates 10% of sock sales during October's "Sock"tober Fest to support the Lend-A-Hand Grant program.
- Froggy 101.3 Partner — Media sponsor for the Autumn of Giving Match Campaign.
- Impressions of Saratoga Partner — Donates 10% of sock sales during October's "Sock"tober Fest to support the Lend-A-Hand Grant program.
- Independent Advisory Committee Partner — Community-based committee providing guidance to the ATC Community Fund.
- Independent Advisory Committee Partner — Reviews trustee actions and makes grant decisions from the General Fund.
- Local nonprofit organizations in Saratoga, Warren, and Washington counties Partner — Receives Lend-A-Hand Grants and benefits from Donor Advised Fund recommendations.
- Northshire Bookstore Partner — Donates proceeds from customer donations when customers agree to round up their purchase total during October to support the Lend-A-Hand Grant program.
- Pizza Works Partner — Donates 15% of proceeds from the "apple crisp" pizza sold during October to support the Lend-A-Hand Grant program.
- Putnam Market & Wine Partner — Donates 10% of all gross sales on October 31 to support the Lend-A-Hand Grant program.
- Sara Today Partner — Media sponsor for the Autumn of Giving Match Campaign.
- Saratoga Business Journal Partner — Media sponsor for the Autumn of Giving Match Campaign.
- Saratoga Living Magazine Partner — Media sponsor for the Autumn of Giving Match Campaign.
- Saratoga Strike Zone Partner — Donates 10% of open bowling sales on October 6 to support the Lend-A-Hand Grant program.
- Sunnyside Gardens Partner — Donates $1 for every hayride or train ride purchased between October 11 and October 13 to support the Lend-A-Hand Grant program.
- The Adirondack Trust Company Government — Provides administrative services for the Donor Advised Fund at no charge and manages investments at a discounted fee.
- The Adirondack Trust Company Partner — Acts as Trustee of the ATC Community Fund and oversees administration and investment of the fund.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community-Advised Grantmakingmethodology: community_advised_grantmakingBy involving a community-based advisory committee in grantmaking decisions, the fund ensures local priorities guide funding allocations, because community stakeholders are best positioned to identify impactful, on-the-ground needs.
- Donor-Advised Funds as Sustainable Philanthropy Infrastructuremethodology: donor_advised_fundsBy offering Donor Advised Funds as a low-cost, tax-advantaged alternative to private foundations, the fund enables long-term, strategic giving and sustained support for nonprofits, because simplified infrastructure lowers barriers to entry and encourages enduring donor engagement.
- Perpetual Endowment for Long-Term Community Supportmethodology: perpetual_endowmentBy operating as a perpetual source of capital, the fund ensures ongoing financial support for local charities over time, because sustained endowment-based funding provides stability and resilience to the local nonprofit sector.