Local banks play an important role in TSF
Banks with trust powers in Schenectady County are eligible to serve as Trustees of the Foundation. The Trustees hold and invest funds, generate income for the charitable purposes of the Foundation and perform fiscal oversight responsibilities. Trustco Bank and Key Bank serve as Trustees and are represented on the Trustees Committee.
Gifts to The Schenectady Foundation, whether contributed through estates or direct cash, are held by one of the Trustee banks. Donors may determine which Trustee will hold and manage their contribution.
To learn more about the Trustee banks, contact:
Private Clients Group