List of Pooled SNTs in New York State

Adults and Children with Learning & Developmental Disabilities, Inc. (ACLD)
807 South Oyster Bay Road
Bethpage, NY 11714
http://www.acld.org/

Colleen Crispino
516-822-0028 x 138
crispinoc@acld.org

Trust A - third-party trust

Trust B - self-settled trust

Community Trust I for Persons with Disabilities

• Third-party trust
• Minimum contribution: $10,000
• Annual fee of <1%

Community Trust II

• Self-settled trust
• Minimum contribution: $10,000
• Annual fee of <2%

Catholic Family Center
30 N. Clinton Avenue
Rochester, NY 14604
(585) 232-1840 x4003 / x4022
http://www.cfcrochester.org/

• Formerly Family Service of Rochester
• They do not operate a pooled trust, but will serve as trustee for individual SNTs
• This might be a good option for individuals under 65 who want to establish an individual SNT, but where the trust corpus is too small to afford a for-profit institutional trustee
• They can serve as trustee for lump sums, but also for monthly excess income
• The trust agreement must specify that CFC receives the statutory trustee fee
• CFC must be contacted by the attorney during drafting of trust
• Beneficiaries must have a case manager or other go-between

Center for Disability Rights, Inc.
497 State Street
Rochester, NY 14608
CDR Pooled Trust Info & Forms

• Self-settled trust
• No minimum balance
• $240 start-up cost (includes $200 enrollment fee plus $20 monthly fee and $20 minimum deposit)
• $20 monthly fee (covers up to 4 disbursements per month; $10 fee for each additional disbursement) 
• $50 annual accounting fee
• Online portal available 

Community Living Corporation (CLC)
135 Radio Circle Drive, Suite 211
Mount Kisco, NY 10549
Phone: (914) 241 2076

Fax: (914)242-3516
Email: info@clcfoundation.org 
http://www.clcpooledtrust.org

Pooled Trust 1

Pooled Trust 1 is a third-party SNT, established with funds provided by a family member or friend.

• Minimum Deposit: $10,000
• One-time enrollment fee $200
• $1,000 annual fee for accounts under $25,000
• For accounts over $25,000, annual fee of not less than $1,000 to be negotiated with trustee 

Pooled Trust 2

Pooled Trust 2 is a self-settled SNT, established with funds provided by the beneficiary.

• Minimum Deposit: $5,000
• One-time enrollment fee $250
• $1,000 annual fee for accounts under $50,000
• For accounts over $50,000, additional annual fee of 1% of balance in excess of $50,000

Pooled Trust 3

Pooled Trust 3 is a Surplus Income Trust, established with the surplus income of the beneficiary.

• Set up Fee: $350
• Annual Fee: $125 per month. Payable upon opening of the Trust and each month thereafter.  This fee shall not increase for the duration.
• Wind-Up Fee: $500 (upon termination of the Trust)

Disabled and Alone / Life Services for the Handicapped, Inc.

New Hyde Park, NY 11040-0340

1441 Broadway, 6^TH Floor PMB #6135  NY NY 10018-1905

Ph: (212) 532-6740 / (800) 995-0066
Fax: (212) 532-3588
http://www.disabledandalone.org/

• Third-party trust
• Minimum deposit: $100,000

• First-party trust
• Minimum deposit $20,000, but annual fee $750 if under $100,000, plus 1% of balance for accounts up to $1 Mill, with smaller % for part exceeding $1 Mill., plus co-trustee and tax preparation fees

Download trust documents - Joinder Agreement, procedures, Declaration of Trust

Fee Schedule - main fees below, others in schedule

• $250 initial enrollment fee
• Monthly fee - 10% of monthly deposit from $30 minimum to $250 maximum
• $100 annual renewal fee

Future Care Community Pooled Trust
(A partnership of Al Sigl Community of Agencies, Lifespan and the Arc of Monroe)
1000 Elmwood Avenue
Rochester, NY 14620

T: 585-402-7840 Ext 2
http://www.futurecareplanning.org/

Must Reside in Monroe County or surrounding counties to be able to join this trust

1st Party Lump Sum Pooled Trust

• $200 enrollment fee
• $3000 minimum opening deposit ($2000 if on SSI)
• 0.95% annually for investment services
• 0.75% annually for administrative fee
• $50 annual audit fee
• $30.00 per month additional fee if trust is used for monthly disbursements

1st Party Spend Down Pooled Trust

• $200 enrollment fee
• $100 Minimum balance
• $30 per month includes 4 disbursements ($5 per additional disbursement)
• $50 annual audit fee

3rd Party Pooled Trust

•          $5000 minimum opening deposit
•          Please call for fees

KTS Pooled Trust 

3011 Avenue K
Brooklyn, NY 11210
Phone: (718) 475-5000
FAX: (718) 475-5010
Email: info@ktstrust.org
http://ktstrust.org/

• $250 enrollment fee
• Monthly fee of 10% of required monthly deposit (minimum $30, maximum $200)
• Annual renewal fee of $100
• Monthly contributions can be made by ACH direct debt from bank account
• No minimum balance
• No minimum funding

LCG Community Trust
LCG Community Services, Inc.
14 Mount Hope Place
Bronx, NY 10453-6102
(718) 466-2200
Email: Info@lcgcs.org
http://www.lcgcs.org/

Community Trust I – Self-Directed Asset Trust

• $25,000 minimum contribution within 12 years of enrollment
• Enrollment fee of 1% of initial deposit (minimum $250)
• Monthly administrative fee of 2% of funds on deposit (minimum $42)
• Monthly brokerage fee of 0.042%
• Annual renewal fee of $100
• Annual audit and tax return fee of $100
• Can designate remainder beneficiaries to receive no more than 50% of corpus remaining on disabled beneficiary's death

Community Trust II – Third Party Asset Trust

• $25,000 minimum contribution within 12 years of enrollment
• $250 enrollment fee
• Monthly administrative fee of 2% of funds on deposit (minimum $42)
• Monthly brokerage fee of 0.042%
• Annual renewal fee of $100
• Annual audit and tax return fee of $100
• Can designate remainder beneficiaries to receive no more than 50% of corpus remaining on disabled beneficiary's death

Community Trust III – Medicaid Spend-Down Trust

• Minimum monthly deposit: $500
• $250 enrollment fee
• Monthly administrative fee of 8.5% of required monthly deposit (minimum $42.50)
• Annual renewal fee of $100
• Annual audit and tax return fee of $100
• All funds remaining in the trust at beneficiary's death are retained by trustee organization

Life's WORC Trusts
1501 Franklin Avenue
PO Box 8165
Garden City, NY 11530
516-741-9000 ext. 225
516-348-7878
Fax: (516) 302-1802
Email: trustservices@lifesworc.org

http://www.lifesworctrust.org/ 

Self-Settled Trust (Community Trust 1)

• Self-settled trust
• Minimum deposit: $500
• One-time non-refundable enrollment fee of $250
• Annual fees:
  • Up to $20,000 - 5% of Account Balance;
  • $20,000 to $50,000 - $1000;
  • $50,000 and above -  additional 1% of balance over $50,000
• Annual accounting fee of $100
• At beneficiary's death the balance is retained by the trust

Third-Party Pooled Trust (Community Trust 2)

• Third-party trust
• Minimum deposit: $10,000
• One-time non-refundable enrollment fee of $250
• Annual fees:
  • Up to $20,000 - 5% of Account Balance;
  • $20,000 to $50,000 - $1000;
  • $50,000 and above -  additional 1% of balance over $50,000
• Annual accounting fee of $100
• Can designate remainder beneficiary for up to 75% of balance

Surplus Income Pooled Trust (Community Trust 3)

• Excess Income Trust
• Minimum deposit must be maintained in the account: $300
• One-time non-refundable enrollment fee of $250
• Double the monthly deposit is required before expenses can be paid, with one month remaining available for bill pay
• Flat monthly fee ranging from $30 - $350 depending upon the monthly spend-down deposit amount. For deposits over $4000 contact Life’s WORC to determine the fee. (Surplus-Fee-Schedule.pdf )
• Annual accounting fee of $50

Individual SNT

• $500 non-refundable, one time enrollment fee
• Minimum initial deposit $50,000
• Annual Fees: Balances up to $300K; $1,250 plus 1% of balance over $50K

YES (Community Trust 3 only)

LIFE, Inc. Pooled Trust
(Labor & Industry For Education, Inc.)
112 Spruce St
Cedarhurst, NY  11516
Telephone: (516) 374-4564 ext. 3
www.lifetrusts.org

LIFE offers:

(i) a self-settled (i.e. established by the beneficiary) monthly spend-down trust
(ii) a self-settled asset trust and
(iii) third-party asset trusts

Fee Schedule 

• $300 one time sign-up fee (sometimes waived based on ability to pay) 
• $200 annual fee from the second year on (sometimes waived based on ability to pay) 
• Monthly fee $35 - $350 depends on amount of the spend-down (set fee, not percentage)
• No minimum deposit
• Automated Monthly bill pay.
• Trust established in 2 business days guaranteed
• Process of bill requests in 3 business days guaranteed (no more late bills)
• Dedicated trust counselor assigned to each trust client
• Fillable Joinder Agreement

Community Trust I - Self-Settled trust for asset protection

• Minimum deposit: $300, including $200 one-time enrollment fee - non-refundable
• FEES:
  • $25 annual accounting fee charged every July 
  • $1/month Allocation Fee
  • Co-trustee fee of 0.75% annually charged at monthly rate of .0625% based upon balance at end of preceding month
  • Plus, the greater of:
    • 0.9% annual rate, charged monthly at .075% of average monthly assets OR
    • Flat fee of $10/mo. 
• Intended for lump-sums, not monthly spend-down
• Remainder at beneficiary's death is retained by trustee

Community Trust II  – self-settled for Medicaid Spend Down (Surplus Income)

• Minimum initial deposit - $300, includes $200 one-time enrollment fee - non-refundable
• Minimum balance equal to the monthly spend-down is recommended for overdraft protection and emergency needs, but NYSARC will waive the minimum balance deposit for someone enrolled in their e-deposit program. 
• E-deposit Program - electronic deposits of surplus income (at no additional cost)
• Automatic payments of rent and other regular bills
• FEES:
  • $50 annual accounting fee (July)
  • $1/month Allocation Fee
  • Pro rata share of annual audit, tax preparation costs for Trust
  • Co-trustee fee of 0.75% annually charged at monthly rate of .0625% based upon balance at end of preceding month
  • Plus, the greater of:
    • 0.9% annual rate, charged monthly at .075% of average monthly assets OR
    • Flat fee ranging from $30-$240 depending upon amount of monthly contribution (if over $4,000, contact NYSARC to determine fee)(Fee schedule posted online)

Community Trust III -Self-settled for Assets of $250K+

• No enrollment fee 
• Minimum deposit: $250,000
• Intended for lump-sums, not monthly spend-down
• Administration of Medicare Set-Aside accounts available
• Monthly fee of 0.06% or 0.075% depending upon balance, plus trustee bank fee not to exceed 0.0625%   (0.75% annually)
• Potential for remainder Beneficiary if there are funds left after any possible state(s) Medicaid payback is fulfilled

GENERAL FEATURES OF NYSARC TRUSTS:

• NO ANNUAL RENEWAL FEE (some other trusts  charge up to $200/year)
• Unlimited disbursement requests (some others charge up to $10 for each additional disbursement)
• 24/7 access to account information via automated phone system
• Fully-staffed beneficiary support team by phone
• Phone line exclusively for professionals to reach NYSARC management quickly
• 48-hour approval of new trusts (expedited approvals with prior notice)
• Prompt processing of disbursement requests

NYSARC Chart Comparing 3 Pooled Community Trusts 

Links to Documents for all 3 Pooled Community Trusts

Protect Your Family (PYF)

303 Merrick Road, Suite 505

Lynbrook, NY 11563

Tel: 516-837-3737

Fax: 516-837-9430

Email: info@pyftrust.org

Website: pyftrust.org

Medicaid Pooled Income Trust

• $300 application fee
• $200 annual fee
• Sliding scale monthly fee, based on surplus amount
• Can pay the monthly fee on a monthly basis or pay for the full year in advance (10% off if paying for the year)

Medicaid Asset Trust

• $300 application fee
• 2.0% annual administrative fee
• $150 renewal fee

SCS Pooled Trust

1404 Coney Island Avenue

Brooklyn, NY  11230

Telephone:  718-971-2509

Fax:  844-623-0481

Email: info@seniorcommservice.org

www.seniorcommservice.org

• $250 Enrollment Fee
• Monthly administrative fee of 10% of monthly required deposit (Min. $25/Max. $200)
• Unlimited disbursements
• No Minimum balance requirement
• No Minimum funding requirement
• $100 Renewal Fee
• Monthly deposits can be made by ACH Direct Debit

The Rose and Maurice Halpern Lifetime Care Foundation at OHEL
156 Beach 9th Street
Far Rockaway, NY 11691
718 686 3170
http://www.ohelfamily.org/?q=lifetime_care/pooled-trusts 

Email: lcftrusts@ohelfamily.org

• Third-party trust
• A portion of the funds can be invested
• An initial deposit minimum of $20,000 must be received in order for a client’s funds to be invested. The first $10,000 is kept in a liquid account, and the next $10,000 is invested. At a point when the liquid $10,000 reaches a balance of $0, money will be divested from the investment account to the liquid account in increments of $10,000

• Self-settled trust
• For those clients wishing to deposit liquid assets into a trust in order to preserve government entitlements, while having a portion of this money invested
• An initial deposit minimum of $20,000 must be received in order for a client’s funds to be invested. The first $10,000 is kept in a liquid account, and the next $10,000 is invested. At a point when the liquid $10,000 reaches a balance of $0, money will be divested from the investment account to the liquid account in increments of $10,000

• Self-settled trust
• Can enable disabled individuals and seniors to use their excess income to pay for their own supplemental needs, such as rent, utilities, and medical services not covered by Medicaid and/or other entitlements programs

• $900 annual fee (first year's fee due at initiation)
• $10 fee per check for any payments in excess of three per month
• For Trusts I & II only:
  • Investment fees of approximately .75% from Bernstein Global Wealth Management
  • 1% investment fund management fee (if placed in investment account)
  • Annual investment fees:
    • 1.5% for $25,000-$250,000
    • 1% for the next $250,000-1 Million
    • 0.5% for additional amounts over 1 Million

The Theresa Foundation Pooled Trust of New York
250 Lido Boulevard
Lido Beach, NY  11561
(516) 432-0449
http://www.theresafoundation.org

Administered by The Center for Special Needs Trust Administration, Inc.
4912 Creekside Drive
Clearwater, FL  33760
(877) 766-5331
http://www.centersweb.com

http://centersweb.com/SNT/types_pooled_state.html

The Theresa Pooled Trust

• Self-settled trust
• Annual fee of 2% of trust assets
• One-time administrative fee of $2,500
• Designed for sheltering lump-sums

The Theresa Pooled Income Trust

• Self-settled trust
• One-time opening fee of $175
• Monthly service fee of $25 - $200, depending upon amount of monthly contribution
• Monthly maintenance fee of 0.875% of account balance
• Designed for sheltering excess income

The Theresa Foundation Community Trust

• Third-party trust

UJA-Federation Community Trusts
Department of Planned Giving and Endowments
130 E. 59th St., 10th Fl.
New York, NY 10022
https://ujafedny.giftplans.org/index.php?cID=238&mID=12

Irina Tuchina

(212) 836-1150

tuchinai@ujafedny.org

Advocacy Service are provided by an affiliated social service agency.

Community Supplemental Needs Trust 

• Third-party trust
• Minimum deposit: $100,000, with at least $20,000 invested initially with remainder to be deposited within 4 years
• Testamentary (at sponsor's death) agreement is available
• Beneficiary is assigned an advocate from a UJA agency
• Annual fees (subject to change):
  - UJA-Federation administrative $1,500
  - Full Advocacy $5,500 first year then $3,500
• Upon the death of the beneficiary, 100% of the remainder is designated as per the Sponsor

Community Trust IV

• Self-settled trust
• Minimum deposit: $50,000, payable over 5 years if necessary
• Beneficiary is assigned an advocate from a UJA agency. Financial only and Full advocacy services are available
• Annual fees (subject to change):
  - UJA-Federation administrative $1,500
  - Financial only advocacy $2,200
  - Full advocacy $5,500 first year then $3,500

Upon the death of the beneficiary, 100% shall be maintained in the Trust for the benefit of individuals who are disabled

UCS Trust Services

(UCS Disability Pooled Trust)
1514 49^th Street
Brooklyn, NY  11219
Ph: (718) 854-9300
Fax: (718) 506-9314
Email: trustdept@ucstrustservices.org

http://www.ucstrustservices.org/index.html 

Monthly Spenddown

Download Trust Documents

• Enrollment fee: $250.
• Monthly fee of 10% of Surplus (Min $30/Max $250).
• Annual fee: $100.
• Monthly Surplus Deposit can be made by ACH direct Debit and set to be automated.
• Disbursements (Bill Payment) can be setup as automatic monthly payments (restrictions apply).
• Pre-paid credit/debit Card option (restrictions apply).
• Unlimited disbursements.
• No Minimum balance requirement.

Asset Trust

• Enrollment fee: $250.
• Annual fee of 2.5% of principal (Max $750).
• Annual renewal fee: $100.
• Deposit can be made by ACH direct Debit.
• Disbursements (Bill Payment) can be setup as automatic monthly payments (restrictions apply).
• Pre-paid credit/debit Card option (restrictions apply).
• Unlimited disbursements.
• No Minimum balance requirement.

Westchester ARC Foundation
121 Westmoreland Avenue
White Plains, NY 10606
http://www.westchesterarc.org/

Anne Sweazey
(914) 428-8330, ext. 3336
asweazey@westchesterarc.org

Community Trust I - third-party trust

Community Trust II - self-settled trust

Western New York Coalition Pooled Trusts

Go to www.wnypooledtrust.org for downloads, and more information

Contact:

Rachel Schepart (716) 853-3087 ext. 227

Trustees:

People Inc. & Legal Services for the Elderly, Disabled or Disadvantaged of WNY, Key Bank (fiscal trustee)

Only available to Erie, Niagara, Cattaraugus, Chautauqua and Allegany Counties

WNY Coalition Pooled Medicaid Payback Trust (Trust #1)

• Self-settled trust
• Accepts income deposits
• No minimum deposit
• Initiation fee: $100
• Monthly fee sliding scale based on amount deposited

WNY Coalition Over 65 Pooled Trust (Trust #2)

• Self-settled trust
• Accepts income deposits
• Only for individuals aged 65 or older
• No minimum deposit
• Initiation fee: $100
• Monthly fee sliding scale based on amount deposited

WNY Coalition Under 65 Pooled Trust (Trust #1) and Over 65 Pooled Trust (Trust #2)

• Self-settled trust
• Accepts lump sums without a minimum deposit
• Initiation fee: 10% of Deposit not to exceed $1,000
• Annual commission:
  • $10.50 per thousand on the first $400,000
  • $ 4.50 per thousand on the next $600,000
  • $ 3.50 on the balance in the pooled trust
  • Plus additional annual commission by bank trustee
• Semi-annual accounting fee: $6
• Termination fee: 1% of all amounts paid out

WNY Coalition Friends and Family Trust

• Third-party trust
• Only 25% of balance remainder at the death of the beneficiary is retained by trustees. Remaining 75% can be directed to others.
• Initiation fee: 10% of Deposit not to exceed $1,000
• Annual commission:
  • $10.50 per thousand on the first $400,000
  • $ 4.50 per thousand on the next $600,000
  • $ 3.50 on the balance in the pooled trust
  • Plus additional annual commission by bank trustee
• Semi-annual accounting fee: $6
• Termination fee: 1% of all amounts paid out

Yes -  but only for Erie, Niagara, Cattaraugus, Chautauqua and Allegany Counties

Fee Schedule Income Only

• Serves DD/MR/MI/ Phys Disabled, TBI.
• Minimum deposit $25,000 with some flexibility.