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

Community Living Corporation (CLC)
600 Bedford Road
Mt. Kisco, NY 10549
(914) 241 2076
clcfoundation@optonline.net
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

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

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
http://www.futurecareplanning.org/

1st Party Lump Sum Pooled Trust

• $200 enrollment fee
• $100 minimum balance
• $2000 minimum opening deposit
• GVT charges a fair market price for investment services.
• $22.00 per month additional fee if this trust is used for monthly disbursements

1st Party Spend Down Pooled Trust

• $200 enrollment fee
• $100 Minimum balance requirement
• $ 22 - per month flat fee
• These fees can be taken from the first month’s spend down deposit.

3rd Party Pooled Trust

LCG Community Trust
LCG Community Services, Inc.
14 Mount Hope Place
Bronx, NY 10453-6102
(718) 466-2200
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

Community Trust I

• Self-settled trust
• Minimum deposit: $500
• Annual fee of 2.5% for balances under $50,000; higher if above $50,000
• Enrollment fee of $200 deducted from initial deposit

Community Trust II

• Third-party trust
• Minimum deposit: $10,000
• Annual fee of 2.5% for balances under $50,000; higher if above $50,000
• Trustee retains 25% of remainder of trust corpus on death of beneficiary; other 75% goes to named beneficiaries

Community Trust I

• Self-settled trust 
• $200 one-time enrollment fee - non-refundable
• Minimum deposit: $300
• $25 annual fee charged every July for accounting
• $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 trust
• $200 one-time enrollment fee - non-refundable
• DOUBLE the monthly spend-down, of which one month is available to pay expenses. The 2nd month must be on deposit like a security deposit
• $50 annual fee charged every July for accounting
• $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 (for contributions over $4,000, contact NYSARC to determine fee)(Fee schedule posted online)

Community Trust III

• Self-settled trust
• No enrollment fee 
• Minimum deposit: $250,000
• Intended for lump-sums, not monthly spend-down
• Monthly fee of 0.06% or 0.075% depending upon balance, plus trustee bank fee not to exceed 0.0625%
  (0.75% annually)
• Remainder at beneficiary's death is subject to Medicaid recovery, but any amount remaining after that goes 25% to NYSARC and 75% to designated beneficiaries

NYSARC Chart Comparing 3 Pooled Community Trusts 

Links to Documents for all 3 Pooled Community Trusts

The Rose and Maurice Halpern Lifetime Care Foundation at OHEL
4510 16th Ave
Brooklyn, NY 11204
347-695-9700
http://www.ohelfamily.org/
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#1_14

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

UJA-Federation Community Trust Program
Department of Planned Giving and Endowments
130 E. 59th street
New York, NY 10022
http://www.ujafedny.org/

Stacy Ferber
(212) 836-1150
ferbers@ujafedny.org

Case management agency for trust beneficiaries:
F•E•G•S - UJA-Federation Community Trust for Individuals with Disabilities
315 Hudson Street, 6th Floor
New York, NY 10013
http://www.fegs.org
Ph (212) 366-8030
Fax (212) 366-8015

Community Trust for Disabled Adults

• Third-party trust
• Minimum deposit: $100,000, with at least $20,000 invested initially with remainder to be deposited within 5 years
• Annual fee: $1,500/yr.
• Beneficiary is assigned an advocate from a UJA agency for the rest of their life
• Remainder is payable 25% to UJA-Federation and 25% to agency providing advocacy

Community Trust II

• Self-settled trust
• Minimum deposit: $50,000, payable over 4 years if necessary
• Annual fee: $1,500/yr.
• Advocate may be assigned to beneficiary

• Self-settled trust
• Enrollment fee: $250
• Monthly fee: 10% of monthly spend-down amount (but discount of 10% if year's worth of fees paid at once)
  • Minimum monthly fee: $30
  • Maximum monthly fee: $200
• Annual renewal fee: $100

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

Trust Website

Trustees:

People Inc.
1219 North Forest Road
P.O. Box 9033
Williamsville, NY 14231
http://www.people-inc.org/
Tracy Harrienger, Esq.
(716) 634-8132

Legal Services for the Elderly, Disabled or Disadvantaged of WNY
237 Main Street, Suite 1015
Buffalo, NY 14202
http://www.lsed.org/
Kathy Kanaley
(716) 853-3087

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

WNY Coalition Pooled Medicaid Payback Trust (Trust #1)

• Self-settled trust
• Initiation fee: $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
• Amount remaining in trust at beneficiary's death is either retained by trustees or paid over to Medicaid

WNY Coalition Over 65 Pooled Trust (Trust #2)

• Self-settled trust
• Only for individuals aged 65 or older
• Initiation fee: $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
• Amount remaining in trust at beneficiary's death is either retained by trustees or paid over to Medicaid

WNY Coalition Friends and Family Trust

• Third-party trust

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.