Joseph Samulski was chief fiduciary officer of BNY Mellon Wealth Management. BNY Mellon is one of a handful of banks authorized to serve as a trustee for trusts in this community foundation.
“For years, I’ve had the pleasure of working with The New York Community Trust, starting early in my career in law firm practice and continuing in my current role at BNY Mellon. I see The Trust as a very efficient model, ensuring that a donor’s charitable intentions are carried out effectively for the long haul.
Too often, donors focus only on the community’s needs at the time they make a donation, and fail to consider how those needs will change over time. Consider a donor’s desire to support public health: Decades ago, that may have meant polio or tuberculosis, but today the challenge could be hypertension or diabetes.
The Trust has done a great job of meeting the community’s needs as they change over time.”
This material was developed for the use of professionals by The New York Community Trust. It is published with the understanding that neither the publisher nor the author is engaged in rendering legal, accounting, or other professional advice. If legal advice or other expert assistance is required, you should speak to your own tax or other legal or accounting advisor.
