What NYC Workforce Funders Collaborative does

The New York Community Trust is a community foundation established in 1924 that manages charitable funds on behalf of individual donors, families, professional advisors, foundations, and corporations across New York City, Long Island, and Westchester. It operates four core fund vehicles — donor-advised funds, field-of-interest funds, designated funds, and unrestricted funds — alongside competitive grantmaking programs administered through a Grantseeker Portal and a MyGrants portal for existing grantees. The Trust also convenes collaborative funds with peer foundations (notably the Funds for the Newest New Yorkers with Robin Hood, the September 11th Fund with United Way, the NYC COVID-19 Response & Impact Fund with the Nonprofit Finance Fund, and the Community Foundation Climate Collaborative) and supports advocacy and policy initiatives alongside grantees.

The organization makes approximately $200 million in grants annually from a pool of 2,382 funds, with cumulative grantmaking of $5.8 billion since 1924 reaching an estimated 12.4 million people. Its operating model is community-led: a 100-year brand (Charity Navigator Four-Star, Candid Platinum Seal of Transparency), three regional offices (NYC headquarters on Third Avenue, Long Island in Commack, Westchester in Irvington), and locally rooted program staff and advisory boards drive donor acquisition through professional advisors and direct engagement rather than commercial sales motion. Revenue is generated primarily through administrative fees on funds and investment income on an endowment that grew from $830 million to more than $3.5 billion under prior president Lorie Slutsky; current president Amy Freitag (since 2021) leads with Carrie Trowbridge serving as General Counsel and Interim President. The Trust's competitive position rests on century-long nonprofit relationships, durable fund structures, and integration into estate and philanthropic planning across the New York region.

Name

NYC Workforce Funders Collaborative

Legal name

The New York Community Trust

Website

https://thenytrust.org

Company type

Private

Founded year

1924

Operating status

Operating

Short description

The New York Community Trust is a 100-year-old community foundation managing 2,382 charitable funds and awarding roughly $200 million in grants annually across NYC, Long Island, and Westchester, serving individual donors, professional advisors, and nonprofit grantees.

Ownership category

akta.pro rank

Product category

Workforce Development Philanthropy

NAICS

Grantmaking Foundations (813211)

akta.pro primary industry

Community Foundations (BPAGAKAB)

akta.pro secondary industries

Capacity Building & Nonprofit Infrastructure Funders (BPAGAKAO), Federated Giving Organizations (e.g., United Way-type) (BPAGAKAG)

Keywords

• Workforce development funding
• Philanthropic collaboration
• Grantmaking initiatives
• Foundation pooled funds
• Job creation programs

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Philanthropic Services and Grantmaking: The organization serves as a community foundation, managing charitable funds set up by individuals, families, foundations, and corporations. Revenue comes from donations and bequests which are then granted out to nonprofits. Makes approximately $200 million in grants each year from its charitable funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

The NYC Workforce Funders Collaborative is a coalition of foundations that pool resources to fund workforce development initiatives in New York City. It works with nonprofits, city agencies, and businesses to create meaningful job opportunities through coordinated grantmaking.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• $200 million in annual grants to nonprofits
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• Heisman Trophy TrustminorStrategic or Co-development Partner · 1 January 2025Partnership bringing athletic enrichment to underresourced neighborhoods. Has invested $7.5 million in youth sports programs in the NYC region.
• New York StatecoreStrategic or Co-development Partner · 1 January 2025Supported advocacy that won free school meals for all New York State public school students starting in the 2025-2026 school year.
• Westchester County Board of LegislatorsminorStrategic or Co-development Partner · 1 January 2025Partnership on $1 million child care wage supplement initiative. County Board leads a task force to monitor progress and develop policy recommendations.
• Robin HoodcoreStrategic or Co-development Partner · 1 January 2024Consortium called The Funds for the Newest New Yorkers led by The New York Community Trust and Robin Hood, providing more than $5.6 million in grants to support NYC immigrants.
• Community Foundation Climate CollaborativecoreStrategic or Co-development Partner · 1 January 2024The Trust joined with community foundations across the country to establish a national climate collaborative.
• United Way of New York CitycoreStrategic or Co-development Partner · 1 January 2020Jointly created the September 11th Fund to help victims, families, and affected communities following the 9/11 attacks. Raised more than half a billion dollars for relief efforts.
• Nonprofit Finance FundcoreStrategic or Co-development Partner · 1 January 2020Partnership for COVID-19 Response & Impact Fund. The Trust provided grants while NFF provided no-interest loans to nonprofits. Raised over $110 million from 1,300+ donations.
• Zakat Fund of NYCminorStrategic or Co-development Partner · 1 January 2018Muslim donors partnered with The Trust to create a fund fulfilling Zakat obligations. Has granted over $400,000 to programs addressing hunger, homelessness, and domestic violence.
• Long Island Unitarian UniversalistsminorStrategic or Co-development Partner · 1 January 2018Local community members created a fund aligned with Unitarian Universalist principles to promote social and economic justice. Trust staff help award grants across Long Island.
• Jacob Burns Film CenterminorStrategic or Co-development Partner · 1 January 2011Decade-long collaboration called Community Matters screened 30+ films covering issues from disability rights to nuclear power, with post-film discussions encouraging community engagement.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pittsburgh Foundation: Long-standing community foundation serving the Pittsburgh region with a comparable model of donor-advised funds, field-of-interest funds, and competitive grantmaking. Comparable in structure and the way it serves a defined metropolitan donor base.
• Chicago Community Trust: One of the largest U.S. community foundations by assets, serving the Chicago region with donor-advised funds, competitive grantmaking, and a 100+ year operating history. Closely comparable in scale, fund variety, and regional focus.
• Silicon Valley Community Foundation: One of the largest community foundations by assets, a major DAF provider serving the Bay Area and tech-wealth donors. Directly competes for high-net-worth DAF dollars with overlapping cause areas (housing, education, immigrant services).
• Boston Foundation: Community foundation serving Greater Boston with donor-advised funds, field-of-interest funds, and competitive grantmaking. Highly analogous model, urban/metropolitan focus, and a long civic-foundation tradition — a direct peer in both product and mission.
• San Francisco Foundation: Bay Area community foundation offering donor-advised funds and regional grantmaking across housing, equity, and arts causes. Comparable in serving a major-metro region with high-cost-of-living donors and a diverse cause mix.
• Cleveland Foundation: The first community foundation in the U.S. (1914) and the place where NYCT's first director Ralph Hayes honed his skills. Operates the same model: managing donor funds and making competitive grants in a defined metro region (Greater Cleveland). Directly comparable in structure, governance, and product mix.

Emerging players

• Fidelity Charitable: Largest U.S. donor-advised fund sponsor, offering a low-friction national DAF platform that competes for the same NYC donor dollars as NYCT. While not a community foundation, it overlaps substantially on DAF products and pulls from NYCT's addressable donor pool.
• Schwab Charitable: Major national DAF sponsor affiliated with Schwab, offering donor-advised funds and investment options to mass-affluent and high-net-worth donors. Competes with NYCT for the same DAF dollars, particularly with younger, digitally native donors.

Broad incumbents

• Robin Hood Foundation: Major NYC-focused antipoverty funder and an active co-development partner of NYCT (Funds for the Newest New Yorkers). Operates a narrower cause focus (poverty) but competes for the same NYC high-net-worth donors and overlapping nonprofit grantees.
• United Way of New York City: Federated giving organization serving NYC and a documented strategic partner of NYCT (joint 9/11 Fund). Competes for workplace-giving dollars and corporate-foundation partnerships in the same NYC market; analogous in mission and donor base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about NYC Workforce Funders Collaborative