The AHRC New York City Foundation offers two special needs trusts.

The AHRC New York City Foundation, Inc. Community Trust I for Persons with Disabilities allows parents, family members or friends to set aside money for, or make a bequest to, a disabled loved one without affecting that person’s eligibility for government benefits.  This is known as a “third-party” trust.

Both income and principal may be used for vacations; clothing; home furnishings; electronics equipment, such as a television or computer; medical or dental care not covered by Medicaid; or to pursue hobbies or interests.  At the end of the beneficiary’s life, any funds remaining in the trust go to the AHRC New York City Foundation to support programs and services that benefit people with intellectual and developmental disabilities.

There are no fees involved in setting up an account in Trust I, and there are no trustee or administrative fees charged.  The funds are invested in a balanced portfolio managed by Reliance Trust Company, which charges an annual fee of less than one percent.  Trust expenses, such as for insurance, are charged to each account proportionately.  The minimum contribution to the Trust is $10,000.

Click here to read our brochure, Questions and Answers about the AHRC New York City Foundation Community Trust I for Persons with Disabilities.

Click here to read our brochure, A Short Guide to Planning for the Future of a Person with Special Needs.

Click here to read the Trust I Master Trust.

Click here to view and/or print a Sponsor Agreement.

Click here to print a W-9 Form (required to establish a Trust I account).

The AHRC New York City Foundation, Inc. Community Trust II allows a disabled person to deposit funds that he or she has received from, for example, a legal settlement or an inheritance, while remaining eligible for government benefits.  This is known as a “first-party” or “self-settled” trust.

An account in Trust II may be established by the disabled person him or herself or by a parent, grandparent or legal guardian.  A court may also order that funds be deposited into an account in Trust II.  The minimum contribution is $10,000.

As with Trust I, both income and principal may be used for a variety of purposes that enhance the beneficiary’s life, so long as these are not expenses covered by government benefits.

At the end of the beneficiary’s life, any funds remaining in his or her trust account remain in the trust to benefit other people with disabilities.  There is no “pay back” to Medicaid for services received during the beneficiary’s life.

Click here to read the Trust II Master Trust.

Click here to view and/or print a Participant Agreement.

Click here to print a W-9 Form (required to establish a Trust II account).

There is no cost to establish an account in Trust II, and no trustee fees are charged. There is an administrative fee of one percent of the balance in each account in Trust II on December 31st of each year.  The assets in Trust II are invested in a balanced portfolio managed by Reliance Trust Company, which charges a fee of less than one percent per year.  Trust expenses, such as for insurance, are charged proportionately to each account.

For more information about the AHRC New York City Foundation’s special needs trusts, send an e-mail to info@ahrcnycfoundation.org or contact us at:

AHRC New York City Foundation
83 Maiden Lane
New York, NY 10038
(212) 780-2690