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The UJA-Federation of New York Community Trusts

We offer two trusts that allow concerned parties to provide for the long-term needs of adults with disabilities. Read more about the options below:

UJA-Federation Community Trust for Adults with Disabilities

The UJA-Federation Community Trust for Adults with Disabilities ("Trust A") is designed to assist families in providing for the future needs of a physically, emotionally, or developmentally disabled family member (the "Trust Beneficiary"). It is a third-party, supplemental-needs trust in which any individual other than the Trust Beneficiary can set up an account using his or her own funds. By opening a trust account, the parent or other concerned third party (the "Sponsor") can provide for both the financial and advocacy needs of the disabled individual for the individual's lifetime.

Trust A is designed as an investment and administrative vehicle, which brings together the legal and administrative expertise of UJA-Federation's Planned Giving & Endowments Department with the social service and advocacy expertise of The Jewish Board. With the establishment of a Trust A account, the disabled individual can receive distributions from the trust for quality-of-life items while preserving such disabled person's eligibility for government entitlement programs. Once a Trust A account is established and funded, the Jewish Board immediately initiates personal advocacy services for the Trust Beneficiary.

A Trust A account can be opened with a minimum of $100,000, with at least $20,000 initially invested in the account upon signing the Sponsor Agreement. A Trust A account can be funded immediately, at death, and/or over five years. Additional funds may be added at any time during the Sponsor's lifetime or by will or through the proceeds of a life insurance policy or the proceeds of a pension plan. The trust account, once funded, is irrevocable.

Photo of a woman painting.Upon the death of the Trust Beneficiary, the remaining funds, if any, are distributed as designated by the Sponsor.

Advantages of the UJA-Federation Community Trust for Adults with Disabilities include:

A.    Advocacy for individuals with disabilities
B.    Disbursements from the trust account for quality-of-life items
C.    Concerned third party receives assistance in caring for disabled individual

UJA-Federation of New York Community Trust II for Individuals with Disabilities

The UJA-Federation of New York Community Trust II for Individuals with Disabilities ("Trust II") is designed to assist individuals with physical, emotional, or developmental disabilities (the "Trust Beneficiary") in providing for their future needs. The Trust II is a self-settled, supplemental-needs trust, established with funds solely belonging to the Trust Beneficiary of any age. By establishing an irrevocable trust account, the individual is able to receive government entitlements without having to spend down his or her assets. At the same time, the individual can receive disbursements from the trust account for quality-of-life items.

The Trust II is designed as an investment and administrative vehicle which brings together the expertise of UJA-Federation's Planned Giving & Endowments Department with the social service and advocacy expertise of The Jewish Board. Once a Trust II account is established and funded, The Jewish Board immediately initiates personal advocacy services for the Trust Beneficiary.

A Trust II account can be opened with a minimum of $50,000, and the account can be fully funded immediately or over a five-year period. Additional funds may be added at any time. The account can be opened by the disabled individual, a parent, a concerned third party, or by a court utilizing the funds belonging exclusively to the individual—such as those obtained through inheritance and settlement of personal injury claims and cases. Once established and funded, this irrevocable trust becomes active and services begin.

Advantages of the UJA-Federation Community Trust II include:

A.    Receiving government entitlements without having to spend down assets
B.    Receiving disbursements from the trust account for quality-of-life items
C.    Remaining funds may be used to benefit other individuals with disabilities

The UJA-Federation of New York Community Trusts brochure

Contact Irina Tuchina at 212.836.1150 or tuchinai@ujafedny.org for more information.

 

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