Many attorneys, accountants, financial planners, brokers, insurance agents, estate planners  and other professionals work with the Community Foundation of Elmira-Corning and the Finger Lakes, Inc. to help clients meet their charitable goals. We offer a range of services that match donors’ interests with their tax planning requirements.

Why Work with a Foundation?

Because we work closely with nonprofit organizations across our region, the Community Foundation has a deep understanding of community needs and the groups that address them. We also know which nonprofits operate most effectively. We can help you identify charitable opportunities and tailor a giving strategy for each client, based on the impact that he or she wants to make. 

When your client establishes a fund with the Community Foundation, we manage all the administrative details, including investment, accounting, audit and tax returns. Donors can focus on the inspiring part of philanthropy, directing their gifts according to their interests and passions.

As an established organization with long experience, we can ensure that any fund we manage will continue to help the community, according to your client’s wishes, far into the future. We also offer strong economies of scale, since our fund holders share the services of one administrative staff and one group of investment advisors. Our funds spend less on overhead than independent foundations, allowing donors to direct more support to their causes.

Our job is to make life easier for professional advisors. We can help you explain the benefits of different charitable programs to your clients, and we are always available to answer your questions about different options for giving.

How Is the Money Invested?


The long-term investment goal of Community Foundation of Elmira-Corning and the Finger Lakes, Inc. is to achieve an annualized return of 7.5%. The majority of our assets are invested in equity or equity-like securities, with fixed income securities used to lower the short-term volatility and provide income stability during market downturns. Non pass-through fund fees are 1% for fund balances up to $1 million and .75% on balances in excess of $1 million.

Helpful Documents

Community Foundationvs. Private Foundation Chart (pdf)

Community Foundation Investment Policy (pdf)

TOP TEN Reasons to Start a Fund at a Community Foundation (pdf)

Fund Brochure (pdf)

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Community Foundation of Elmira-Corning and the Finger Lakes

Community Foundation of Elmira-Corning and the Finger Lakes, Inc.

helps realize potential in our community by matching the generosity of our donors with the community’s greatest needs. Our grants and scholarships support the people of Chemung, Schuyler, Steuben and Yates counties in the Southern Tier of New York State.