NYSARC Trust Services - Devoted to Keeping People in Their Community

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NYSARC Trust Services

NYSARC, Inc., is a family-based not-for-profit New York State corporation founded in 1949. The Supplemental Needs Trust (SNT) program began in 1972; it provides trust services for persons with any qualifying disability.

The NYSARC Trust Services' programs consist of the NYSARC Trust, the NYSARC Community Trusts, and NYSARC Customized Trusts. Opportunities to provide tax-deductible charitable gifts and a guaranteed income to individuals are available through NYSARC's Pooled Life Income Trust, Charitable Gift Annuity program. Tax-deductible charitable gifts to NYSARC's Exempt Fund support NYSARC's corporate guardianship program.

NYSARC Trust Program

The NYSARC Trust currently consists of two active, separate and distinct funds (The Unrestricted Fund and The Exempt Fund).

The Unrestricted Fund - enables parents, relatives and friends to leave modest to large size sums of money or other property for the benefit of a person with a developmental disability. Money or property can be transferred to this fund either through an inter vivos transfer (during the Grantor’s life) or through a testamentary transfer (at death).

The Exempt Fund - was established primarily to benefit and support the NYSARC, Inc. Corporate Guardianship Program.

NYSARC Community Trust Program

NYSARC Inc. Community Trusts are pooled trusts created and managed by NYSARC, Inc., which qualify as Supplemental Needs Trusts for the benefit of people with disabilities, and which are funded with the personal assets of the person with disabilities. People who qualify for these trusts have any disabilities included under Social Security Law Section 1614(a)(3)[42USC 1382c(a)(3)].

Community Trust I & III - is primarily for individuals who are receiving governmental benefits, such as SSI or Medicaid. CTIII is used for individuals with a large lump sum greater than $250,000.

Community Trust II - is most effective for individuals who have excess monthly income for purposes of qualifying for Medicaid.

NYSARC Customized Trust Program

NYSARC Customized Trusts offer Trustee
and administrative services of individual first and third party Supplemental Needs Trusts.

People who qualify for this type of trust have any disabilities listed under Social Security Law Section 1614(a)(3)[42USC 1382c(a)(3)].

These trusts include the following:

Payback trusts
Testamentary trusts
Intervivos trusts
Trustee Services
Administration
Liaison Services
Tax filings
Court Accountings

News and Events

Charitable Gift Annuity Program

NYSARC, Inc. is now able to offer a Charitable Gift Annuity program to enhance the Chapters’ local fund raising and development efforts.

A Charitable Gift Annuity is one of the simplest yet most versatile of all the charitable gift planning vehicles. It is often the right answer if you plan to make a charitable gift, because it allows you to receive an immediate charitable deduction and a lifetime fixed annual income in exchange for your gift of cash or securities to NYSARC, Inc.

Payments made to you benefit from favorable tax treatment because a portion of the annuity is treated as a return of principal. The gift that you make may be as small as $10,000; and your income, or annuity payment, is backed by the general assets of NYSARC, Inc.

Disclaimer: The information contained at this website is provided by NYSARC Inc. Trust Services solely as a public service and for informational purposes only and is not intended, nor should it be considered by any user, to be legal advice. Much of the information contained on this website is of a complex nature and in the event any user has any questions or wishes to obtain any legal or other professional advice in connection with this information they should contact their own attorney or other advisers.