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People news: NBT Bank hires Snow as VP in credit administration division
NORWICH, N.Y. — NBT Bank announced it has hired Cleave Snow as VP in its credit administration division. In this position, Snow will support NBT

Milford Academy: The Sparta of football
NEW BERLIN — In ancient Greece, Sparta was known for the citizens’ focus on military training and excellence. Male Spartans began their military training at age seven when they entered the educational system, which emphasized discipline, weapons training, and physical stamina, along with philosophy and logic. The boys lived in communal settings away from their
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NEW BERLIN — In ancient Greece, Sparta was known for the citizens’ focus on military training and excellence. Male Spartans began their military training at age seven when they entered the educational system, which emphasized discipline, weapons training, and physical stamina, along with philosophy and logic. The boys lived in communal settings away from their parents where there were no distractions. Each Sparta boy was assigned an older male, who served as a mentor, role model, and father figure. At age 20, these Spartans joined a club to learn how to bond and rely on each other.
The program
Fast forward 2,500 years to Milford Academy nestled in New Berlin, a village of approximately 1,200 residents. “We often [are] called the ‘Sparta of Football,’ ” says Hubert (Buff) Bowen, the academy’s offensive coordinator and quarterback coach. “Our mission is to help high-school seniors and post-graduate, student athletes who need more education and/or more athletic guidance. Milford runs a 17-week program that begins early in August and concludes the first week in December. While the school receives more than 1,000 applications annually, we limit the number of students to around 60, so that each one gets personal attention. All are good athletes, but some need to improve their academic records to meet NCAA eligibility rules for college acceptance while others score well academically but come from areas that are not heavily recruited” by college coaches.
Bowen then describes the daily regimen. “The boys are up at 6 a.m. and spend the first half-hour in the weight room,” he says. “They then have breakfast before attending classes. The curriculum includes six classes daily with a break for lunch and a free period during the day for tutoring. Football practice, which begins promptly at 3 p.m., runs until 5 p.m., when everyone returns to the main building to clean up and have dinner. The evening meal is followed by a study hall for those who need it and football meetings with the coaches. At 10 p.m., everyone gets one hour of personal time with lights out at 11. The dress code requires all students to wear a shirt, tie, jacket, slacks, and shoes. Attendance at all classes and meals is mandatory.”
“For most of our students, Milford is a culture shock,” declares William Chaplick, the academy’s head coach and director of operations. “This is not a military generation, and the … [applicants] are not used to regimentation. Our job is to turn them into great football players who, when they enter a college program, are prepared for the rigor. The school is not a military academy, but we take aspects of the military to teach our students to be responsible for their actions, to appreciate the need for teamwork in order to accomplish a collective goal, respect authority, be on time, and exercise self-discipline. These are not only traits that will serve them well in football, but also in their careers and in life.”
Started as a Connecticut prep school
Milford was not always known as a “football factory.” The brothers Rosenbaum, Sam and Harris, who were both civil engineers, launched the concept of a preparatory school in Connecticut in the first decade of the 1900s when they began tutoring some of the star Yale University athletes who were not destined to be Rhodes scholars. In 1908, they opened the Rosenbaum Tutoring School. The idea of a prep school named eponymously after the founders followed in 1916, and in 1920 the name was changed to the Milford School, a recognition of the Connecticut city in which the school was established. After Sam Rosenbaum’s death, his brother renamed the institution Milford Preparatory School for Boys. In 1964, at the time of Harris Rosenbaum’s retirement, the family converted the school’s status from a for-profit corporation to a not-for-profit corporation.
Milford began to lose its prestige as a prep school in the mid-1970s when the public demand withered. The board of directors then changed the model to preparing student athletes in multiple sports, including football, baseball, basketball, and hockey. The investment to convert the program required Milford to take on significant debt. With students now attending only part of the year, the school sustained operating losses.
“When I joined Milford in 1999 as a coach,” recalls Chaplick, “the school was deep in debt and the facilities were in disrepair. The only way to pay off the debt was to sell the buildings and property; there was no other option. In 2001, the board appointed me to head the academy with the goal of saving the school, paying off our obligations, and reopening in a new location. I chose to drop the baseball and hockey programs, because I am a football guy. New Berlin’s location so far from most of the basketball opponents would require a travel schedule where the teams would be on the road all the time, so it didn’t make any sense to continue this program” either.
“In December 2002 upon my recommendation, the board of directors decided to close the school, so that I could concentrate on finding a new location and have the time to make any needed renovations to the newly purchased building and grounds,” Chaplick explains. “The next year, we sold the entire Connecticut campus to the City of Milford for $2.5 million, allowing us to pay off the accumulated debt. I then took off the next year to focus on finding a new home. At the same time, I maintained a website and an office while staying in touch with college recruiters. My initial idea was to find a site in Pennsylvania, because it’s a popular area for Division-1 recruiting.”
The New Berlin opportunity popped up when the school district opened a new high school and decided to sell off the old building built in 1936, along with the playing fields. “This location is perfect,” stresses Chaplick. “When I first saw the school sitting up on a hill overlooking the village, I thought it looked like a citadel. The three-story high school has 86,000 square feet divided into classrooms and offices and is situated on 10 acres which include practice fields. The purchase price was $100,000, but the renovations required to bring the building up to code cost substantially more. I organized a group of investors to buy the property and the building. We now also have a 5,500-square-foot fitness room and two houses. The school, which is close to the center of town, struck me as pristine and quaint, just like a New England village. I also liked the rural setting without the distractions of Connecticut where, for $11, the students could sneak out after curfew and hop a train to New York City.” In contrast, New Berlin is almost 200 miles from New York City.
Business model
Milford Academy’s business model is based on one revenue stream — tuition. The 2016 academic year currently has a roster of 57 enrollees. “The school has no endowment to support operations,” says Bowen, “and we’re not eligible for any government aid. The current tuition cost is $21,695 for the 17-week program. The cost is borne by the students or their parents, who may turn to finance companies such as Your Tuition Solution.” (The company offers loans up to $50,000 to K-12 students nationwide.) To be successful, Coach Chaplick recruits 15 hours a day, 364 days a year. “The draw is our reputation, where 98 percent of our graduates go on to colleges, and two-thirds receive full scholarships. That can be a $250,000 value. In fact, 60 percent of our graduates, who finish the program in December, enter college the following month and, according to NCAA rules, have 5.5 years of eligibility to play four years of football. Not only can they earn a bachelor’s degree, but some earn master’s degrees. At the end of the Milford program, the academy holds a spring and fall practice to showcase the kids. Typically, 60 to 80 college coaches, who have already reviewed candidates’ credentials, attend to watch the scrimmages and confirm their decisions. It’s not unusual for our graduates to get a scholarship offer the day of the practice, because the coaches know the candidates have been thoroughly vetted.” Chaplick says the school’s annual operating budget is about $1 million.
Competition
“There are scores of [secondary and post-secondary] schools that … [purport] to prepare their students for college football, but Milford is in a league of its own,” contends Chaplick. “The only real competition we have now is from Fork Union [Military Academy] located in Virginia. They have a great program, but the military … [environment] just doesn’t appeal to a lot of kids in this generation. (According to the school’s website, Fork Union’s student body is organized into battalions, companies, and platoons led by cadet officers.) Milford Academy has a great reputation, which helps to attract the best players. I also know and stay in contact with college coaches, something I have done since 1980. But the proof is in the pudding. Every day here at the school, the students see our hall of fame, displaying the graduates who have gone on to Division-1 schools such as Syracuse, Louisville, Miami, Pittsburgh, Ohio State, Penn State, and Michigan State. They also see former graduates who played professional football for the Bills, Eagles, Titans, Panthers, Rams, Vikings, Jets, and Redskins. When we recruit a student to attend Milford, there’s no whipped cream — no fluff or public-relations spin. Our website certainly isn’t fancy, but it does one thing very well: It shows our success over the years. We invest our money in the program and then highlight our accomplishments.”
Coach backgrounds & the future
Chaplick, 59 — a native of Ansonia, Connecticut — earned a full football scholarship to Boston College where he was a three-year letterman and an All East, All-ECAC center. He graduated in 1980 with a major in sociology. A neck injury sustained at college prevented him from playing professional football with the New York Giants. Chaplick went into business for the next 15 years, opening a bar in Boston on Beacon Street, a restaurant, and then a real-estate company, before he got the itch to coach. Chaplick coached first at Ansonia High School in 1993 and then at Woodstock Union High School (Vermont) beginning in 1994. He joined Milford in 1999, expecting to stay a couple of years. His football-coaching record at Milford through 2015 includes 145 wins and 44 losses. Chaplick resides in New Berlin and is the father of three grown children.
Bowen, a Milford alumnus of 1974, played college football at Mesa College in Colorado. He has coached quarterbacks for the past 26 years and in 2006 co-founded the Elite Passing Academy with his son Evan. For the past 35 years, Bowen has been an entrepreneur, starting and selling an international computer business. His latest creation is the Boomja Marketplace, which provides free listings for thousands of unique products in more than 700 product categories. Boomja organizes the storefronts to increase visibility and traffic for innovative and unusual products that may be difficult to find on the Internet. Bowen works with his wife Karen at the new company, which the couple launched in 2016. The two live in New Berlin. Bowen has coached at Milford for the past six years.
Chaplick has no plans to retire. “I’m not a retirement kind of guy,” he avers. “My mission is to get to kids and make their lives better. From my own experience, I know that football doesn’t last forever and I also know just how fast a football career can disappear. The program at Milford helps to steer our student athletes in the right direction … We’ve built the academy’s reputation; now we need to maintain it.”
The Sparta of football may not exactly resemble the Sparta of ancient Greece. The students are not preparing for warfare, they don’t carry shields, logic and philosophy are not part of the curriculum, and they certainly don’t exhibit their athletic prowess in the nude. The similarities to Sparta, however, are striking, beginning with the need for discipline, a standard of excellence, and physical stamina. The students live in a communal setting removed from all distractions and surrounded by role models and mentors. The environment is designed not only to improve each student’s personal abilities but also to encourage relying on others. Sparta’s reputation as a fighting force was unequalled in its time. Chaplick’s mission is to sustain the Milford Academy reputation, which has changed the lives of thousands of athletes for the better. He is determined to make its reputation for developing great football players unequalled in this time.
Contact Poltenson at npoltenson@cnybj.com

Syracuse University’s Syverud appointed to Homeland Security Academic Advisory Council
The U.S. Department of Homeland Security (DHS) has appointed Syracuse University Chancellor Kent Syverud to its Academic Advisory Council (HSAAC). DHS Secretary Jeh Johnson announced
MVCC to launch veterans environmental training project
UTICA — Mohawk Valley Community College (MVCC) will use a $25,000 donation from the Dominion Foundation to start the veterans environmental training (VET) project. Stan Ossowski, manager of the Dominion Foundation in New Hartford, presented the donation to MVCC President Randall VanWagoner and Frank DuRoss, VP for community development and executive director of the MVCC
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UTICA — Mohawk Valley Community College (MVCC) will use a $25,000 donation from the Dominion Foundation to start the veterans environmental training (VET) project.
Stan Ossowski, manager of the Dominion Foundation in New Hartford, presented the donation to MVCC President Randall VanWagoner and Frank DuRoss, VP for community development and executive director of the MVCC Foundation, during a ceremony held on Oct. 17.
“This year’s Dominion grants will support a variety of innovative programs encouraging students to learn the skills needed to tackle real-world issues,” Ossowski said in an MVCC news release. “They will help students gain knowledge and experience with technologies that are leading the way to a greener energy future.”
“MVCC was founded 70 years ago after [World War II] and has supported veterans ever since,” VanWagoner said in the same news release. “This generous donation allows us to provide outstanding environmental training and will give veterans the skills they need to find work in high-demand areas within the region.”
The Foundation considered four hundred grant applications, MVCC said.
Besides New York, recipient schools and educational organizations are located in Connecticut, Maryland, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, and West Virginia.
About VET
VET will assist veterans who have “low incomes and high potential” by providing them certifications and training, MVCC said.
The training topics include OSHA 10, which provides training on construction safety and health topics.
They also include HAZWOPER 40, which provides occupational health and safety training to technical/field personnel.
In addition, training on lead abatement will focus on lead-safe work practices and remediation.
The training topics also focus on “leaking underground storage-tank site assessment” training to prepare participants for “small-scale” brownfields, such as gas stations, in the city of Utica.
“Through the generosity of Dominion Foundation, we’ve launched Project VET as a real-world solution to meet real community needs,” DuRoss said in the release. “It is through partnerships like this that the MVCC Foundation is able to reach its goals of affordable education, breaking barriers, and training the workforce of tomorrow. We’re thrilled to work with Dominion to open up new career opportunities to veterans and help these individuals retrain to fill a community workforce gap.”
Veterans who are interested in finding out more about VET may call MVCC’s Center for Community and Economic Development at (315) 792-5300, the school said.
About Dominion
Dominion Transmission Inc. in New Hartford is part of Richmond, Virginia–based Dominion (NYSE: D), a producer and transporter of energy.
Dominion Foundation, the firm’s philanthropic arm, is “dedicated to improving the physical, social, and economic well-being of the community served by Dominion companies,” according to the company’s website.
The Foundation supports nonprofit causes that “meet basic human needs, protect the environment, support education, and promote community vitality,” MVCC said.
The Dominion Foundation has designated $1 million for grades K-12 grants and higher-education grants to nearly 100 learning institutions in 11 states for the 2016-17 academic year.
The money supports programs that focus on energy, the environment, and workforce development.
Contact The Business Journal News Network at news@cnybj.com

Stanley Law Offices merges with Fallon, Fallon & Bigsby
SYRACUSE — Stanley Law Offices, LLP has merged with fellow Syracuse–based law firm of Fallon, Fallon & Bigsby, a firm that serviced clients in workers’-compensation matters. Stanley Law, headquartered at 215 Burnett Ave., focuses on personal injury law, workers’ compensation, and accident-related law. The deal became official in mid-July, says Joe Stanley, attorney and the
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SYRACUSE — Stanley Law Offices, LLP has merged with fellow Syracuse–based law firm of Fallon, Fallon & Bigsby, a firm that serviced clients in workers’-compensation matters.
Stanley Law, headquartered at 215 Burnett Ave., focuses on personal injury law, workers’ compensation, and accident-related law.
The deal became official in mid-July, says Joe Stanley, attorney and the firm’s managing partner.
“They are now part of Stanley Law Offices,” he states in a CNYBJ interview on Oct. 17.
The Stanley Law Offices didn’t release any terms of the agreement, but Stanley says that the merger did not involve a financial transaction.
Attorneys Sheila Fallon, Megan Fallon, and Arthur Bigsby did not become partners in the Stanley Law Offices, Stanley adds.
The new Stanley Law Offices attorneys will continue using the office at 501 E. Washington St. in Syracuse that they operated from as Fallon, Fallon & Bigsby.
The Stanley Law office on Burnett Avenue doesn’t have the room to accommodate the additional attorneys and four support-staff members, according to Stanley.
“Long time” relationship
Sheila Fallon and Megan Fallon are sisters, while Arthur Bigsby is their brother-in-law, according to Stanley.
Their father, the late attorney William Fallon, and Joe Stanley’s father went to college together, says Stanley.
Stanley says he has known the Fallons “for a long time.”
That relationship would help to fill a need at the Stanley Law Offices.
Stanley Law had to replace a lawyer who was operating its workers’-compensation department, according to Stanley. The person left the firm earlier this year to become a federal administrative law judge.
“We had discussions about [Fallon, Fallon, and Bigsby] coming in and being the Stanley Law Offices workers’-compensation department, and after discussions, that’s what we did,” says Stanley.
He called the addition of the three lawyers a “perfect fit” to fill a need in servicing the firm’s workers’-compensation clients.
The firm’s “core business,” Stanley says, is personal-injury clients, many of whom are injured in work accidents.
“It’s a fabulous opportunity for the clients that are going to have very experienced, very well-respected workers’-compensation attorneys handling their files … It’s a tough business and you really need to have somebody who’s good at it,” he says.
In a company news release, Stanley described the workers’-compensation legal area as one that is “highly detailed and requires intensive focus and energy to execute well.”
Attorneys working in that practice area “pursue appropriate compensation for injured workers, such as lost wages and off-work benefits,” according to the firm.
Stanley Law Offices, LLP has five offices located in upstate New York and northern Pennsylvania, including Syracuse, Binghamton, Watertown, and Rochester, and Montrose, Pennsylvania. The law firm is a staple on local broadcast TV stations with its commercials featuring Joe Stanley.
Besides Stanley, attorney Robert Quattrocci is another partner in the firm. It employs 31 people, including 10 lawyers, according to Stanley.
Contact Reinhardt at ereinhardt@cnybj.com

Central New York jobs picture mixed in latest state report
The Syracuse, Binghamton, and Utica–Rome regions lost jobs in the past 12 months, while the Ithaca and Watertown–Fort Drum regions gained jobs in the same

New North Country Crime Analysis Center seeks to better coordinate law- enforcement efforts
MALONE — New York State on Oct. 12 formally opened the North Country Crime Analysis Center at the Franklin County Public Safety Building in Malone. The facility will serve five North Country counties and expand the state’s network of intelligence and data-sharing centers to the Canadian and Vermont borders, the office of Gov. Andrew Cuomo
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MALONE — New York State on Oct. 12 formally opened the North Country Crime Analysis Center at the Franklin County Public Safety Building in Malone.
The facility will serve five North Country counties and expand the state’s network of intelligence and data-sharing centers to the Canadian and Vermont borders, the office of Gov. Andrew Cuomo said in a news release.
The center is a joint venture between the state and 12 law-enforcement agencies in Jefferson, St. Lawrence, Clinton, Essex, and Franklin counties.
It’s the newest of seven centers that the New York State Division of Criminal Justice Services supports in partnership with police agencies and prosecutors’ offices in 13 counties, the office added.
Other centers are located in Onondaga, Broome, Erie, Monroe, Niagara, and Albany counties.
The state says it spends about $5.5 million annually on personnel and technology to support the crime-analysis center network.
The North Country Crime Analysis Center serves an area of more than 9,400 square miles that borders Canada.
It includes the St. Regis Mohawk Reservation, which straddles Northeastern New York’s border with Quebec and Ontario.
The center provides data and intelligence to law-enforcement agencies so they can “better secure” the border.
It also seeks to “improve cross-jurisdictional cooperation and information sharing” with federal, state, local, and tribal agencies handling criminal investigations, including cases involving contraband smuggling, terrorism, and drug and human trafficking.
The North Country center’s staff uses advanced technology to access and synthesize data and information.
It includes reported crimes, arrest information, and parole and probation records to provide that intelligence to officers and investigators in the field to solve crime.
The center’s staff can also map crime “hot spots” so law-enforcement agencies can “more effectively” deploy staff and assist prosecutors who are preparing for trial, according to the release.
The New York State Division of Criminal Justice Services is a “multi-function,” criminal-justice support agency with a variety of responsibilities.
They include law-enforcement training; collection and analysis of statewide crime data; maintenance of criminal-history information and fingerprint files; administrative oversight of the state’s DNA databank, in partnership with the New York State Police; funding and oversight of probation and community-correction programs; administration of federal and state criminal-justice funds; support of criminal justice-related agencies across the state; and administration of the state’s sex-offender registry.
Contact Reinhardt at ereinhardt@cnybj.com

Onondaga Tower formally becomes Barclay Damon Tower as law firm moves in
SYRACUSE — Onondaga Tower, located at 125 E. Jefferson St. in Syracuse, officially became Barclay Damon Tower on Oct. 17 when Barclay Damon, LLP, a Syracuse–based law firm, moved its headquarters and more than 150 employees into the newly renovated building. Barclay Damon will occupy five floors in the 15-story building. The building is located
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SYRACUSE — Onondaga Tower, located at 125 E. Jefferson St. in Syracuse, officially became Barclay Damon Tower on Oct. 17 when Barclay Damon, LLP, a Syracuse–based law firm, moved its headquarters and more than 150 employees into the newly renovated building.
Barclay Damon will occupy five floors in the 15-story building.
The building is located at the corner of East Jefferson and South Warren Streets in downtown Syracuse.
It’s the downtown building that is illuminated in a different color during the evening hours. Building tenant Ephesus Lighting added 22 light-emitting diode (LED) fixtures to the exterior of the building in 2014, which light up the structure.
The illuminated Barclay Damon signage on all four sides of the building made its debut on Aug. 9.
The Barclay Damon firm resulted from last year’s combination of Syracuse–based Hiscock & Barclay, LLP and Buffalo–based Damon Morey LLP. It established a 275-attorney, “super-regional” law firm.
CBD Companies, which owns the building, invested $6 million to prepare the space for the Barclay Damon offices, according to the law firm.
The local developer had previously invested $9 million in the structure prior to the work preparing the space for Barclay Damon’s move.
CBD Companies is a partnership involving developers Charles Sangster, Courtney Wilson, and Cadaret, Grant & Co., Inc., a Syracuse–based investment-brokerage firm.
It has offices throughout the major cities of New York state, along with Toronto, Boston, Washington, D.C., and Newark, New Jersey.
Contact The Business Journal News Network at news@cnybj.com
Estate Planning Involves Much More than Signing a Will
In the age of the Internet, there is a growing trend among Americans who need a will to avoid the cost of a lawyer and use a legal-services website like Legal Zoom or use some “free will form” they found on the web. However, there are many dynamics that go into estate planning beyond executing
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In the age of the Internet, there is a growing trend among Americans who need a will to avoid the cost of a lawyer and use a legal-services website like Legal Zoom or use some “free will form” they found on the web.
However, there are many dynamics that go into estate planning beyond executing a “simple” will. First, you may have family dynamics or complex assets such as a closely held business that require something more than a “simple” will. In fact, a will may not even be the best vehicle to address some of these issues, and you may need to consider a prenuptial agreement or a revocable living trust. Also, various assets are generally not governed by the terms of a will at all, such as life insurance, joint bank accounts, and retirement accounts. Your do-it-yourself (DIY) will form may be perfect in every respect, but it generally has no authority over these types of assets.
Moreover, estate planning generally involves not only planning for death but also planning for incapacity. The documents used to address incapacity are commonly referred to as advance directives, which generally include a power of attorney, a health-care proxy and a living will. These are also popular with the DIY form websites, but you may need an attorney to explain to you the legal significance and consequences of signing these types of documents.
Another dynamic to estate planning is exploring whether you may need to do some elder law/disability planning, which entails not only wills, trusts, and advance directives, but also considering long-term care insurance and/or Medicaid eligibility and planning.
The purpose of this column is not to convince the reader to avoid using DIY websites such as Legal Zoom. What you should consider, however, is whether your particular personal and financial situation is complex enough to require consulting with a lawyer. This is really no different than any other decisions we all make in life — I do not go to the doctor every time I have a simple common cold but I certainly go to the doctor if I break my arm. I can change the oil on my automobile, but I prefer the auto shop to do it because it has better tools than I do and I am reasonably certain it will do it correctly.
So if you come to the decision that you need a “simple” will, you should also seriously consider if your particular situation is really all that simple before you attempt to do it yourself or use a DIY legal-services website.
Ryan Emery is an attorney with Mackenzie Hughes LLP in Syracuse. He is a member of the firm’s estates department. Emery focuses his practice in the areas of estate planning and trust and estate administration in both New York and Florida. This viewpoint article was drawn from the Mackenzie Hughes blog, called “Plain Talk.” Contact Emery at (315) 233-8368 or email: remery@mackenziehughes.com
Make Your Giving Count: Now and in the Future
In the next few years, $22 billion is expected to transfer from one generation to the next in Central New York. Over the next 50 years, the expected transfer of wealth for our region is estimated at $240 billion. This is according to a study commissioned by the Central New York Community Foundation and conducted by
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In the next few years, $22 billion is expected to transfer from one generation to the next in Central New York. Over the next 50 years, the expected transfer of wealth for our region is estimated at $240 billion. This is according to a study commissioned by the Central New York Community Foundation and conducted by the RUPRI Center for Rural Entrepreneurship.
As you evaluate how you will approach your own charitable giving and asset-transfer strategies, consider the following questions for yourself, your friends, or your business clients:
A variety of planned-giving options, ranging from simple to complex, can be customized to meet each unique situation. For example, establishing a charitable bequest through a will is a simple way to reduce estate taxes. Establishing a charitable trust, while more complex, can provide flexibility and a life income. Gifts through retirement-plan beneficiary designations are simple and can be highly tax efficient.
These and many other giving tools provide great options to get started. However, updating beneficiary designations, changing title of assets, or creating a trust document is only the beginning. What happens if the nonprofit you designated to be supported today is gone tomorrow? What if you created a private foundation and the trustee passes away? Even the best plans can’t anticipate the full range of what the future may bring, but there are ways to protect your or your clients’ interests.
Today, people expect more than just a solid plan — they expect stewardship. They want to know that their intentions for charitable gifts won’t be lost over time. The best practice for philanthropic planning provides individuals with the opportunity to extend their generosity beyond their lifetimes, and provides an assurance that their gifts will be safeguarded. If crafted carefully, a charitable plan can offer more than just money to worthy causes; it can provide a way for someone to be remembered and to have their personal stories live on in the community.
As you consider a structure for your plans, you can take steps to determine not only the right type of gift, but also create a legacy plan that documents wishes for the future use of the charitable dollars you’ll leave to benefit the community. For some families, a facilitated discussion about the meaning behind philanthropic intentions and an individual’s history of community engagement can be a valuable exercise.
Lastly, when assessing your charitable plans, consider structures that allow for both resiliency over time as community needs and organizations change, while making it easy to change the plan when the need arises.
Thomas Griffith is director of gift planning at the Central New York Community Foundation. Contact him at tgriffith@cnycf.org or (315) 422-9538.
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