2012 YEAR IN REVIEW

The year 2012 marked the three-year-anniversary of the formation of The Adirondack Trust Company Community Fund and our second year of charitable distributions. Our growth and the positive impact on the communities we serve aredue to the generosity of our donors, for which we are very grateful. Even as we celebrate our progress, the primary goal of the Advisory Committee and Trustee is toencourage continued growth of the Fund via community outreach, education, andcollaboration.

A Few Highlights from 2012 include:

• The General Community Fund made $12,300 “Lend a Hand Grants” to eight deserving local charities. To date, a total of $22,550 has been granted to seventeen areanonprofits to carry out missions that enhance and improve our region. (See details onpage 4.)

• Donor Advised Funds provided an additional $67,958 in charitable grants, with$52,458 going to local charitable organizations. This brings the total DAF grants to dateto $428,815 with the majority of the grants, $405,216, supporting missions that directlyimpact our community.

• Total current assets under management grew 30% to $486,286.

As nice as these milestones are, our work has just begun! We believe in our mission to perpetuate the spirit of giving that is so integral to the quality of life in ourregion. To that end, we provide a vehicle that makes it easy for philanthropic-mindedindividuals to connect with community-based charitable projects. Have a great ideafor giving? When you think charitable intent, when you think local, we can help! Ourmotto is “Helping you to Help Others”. Please check our website at www.atccf.org,where we gratefully accept donations to the General Community Fund, or give us acall regarding Donor Advised Fund options.

Sincerely,

Independent Advisory CommitteeJoan Taylor, Chairperson John Fullerton, Administrator

The mission of the Adirondack Trust Company Community Fund is to

perpetuate the spirit of giving that is integral in creating the quality of life

in our region by providing donors with flexible options for planned giving.

COMMITTEE MEMBERS

Joan M. Taylor (Chair)

Mary C. Gavin

David R. Meager

S. Scott Perkins

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The Foal Project was created in 2011 by Lisa Miller to raise awarenessand funding for equine assisted therapies. Since its inception, the FoalProject has raised over $50,000 through the sale of prints, of photostaken by Lisa, of the moment of connection between a mare and herfoal at birth. The Foal Project serves as a vehicle to disburse the fundsthat are raised from the sale of these photographs.

"I photograph most foalings in very low light and without flash," shesaid. "I'm documenting from start to finish, but I'm really only lookingfor that one magical moment when they first connect. Those are the images I want to capture." This moment of connection symbolizes the human/horse connection and the importance of recognizing these equine therapies and how they are making such a difference in the world.

Grants awarded from the Foal Project Donor Advised Fund havebenefitted several qualified equine assisted therapy centers, wherehorses are helping people with a range of physical and psychologicalconditions. One such organization that received a grant was PeacefulAcres in Pattersonville, New York, which is a 156 acre farm where rescued and retired horses provide therapy for at-risk youth, veterans,abused women and grieving families.

“Creating a Donor Advised Fund provided mewith a unique and flexible way to manage mycharitable giving without the hassle and expenseof forming my own nonprofit. It also ensuresthat the recipients get their funding in a timely manner and that all record keeping and duediligence is handled correctly. Most importantly,it provided me with a simple yet managed wayto do philanthropic work while giving me thefreedom to focus on my life’s work.”

The Foal Project, Lisa Miller

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After the Fire, Inc.

Funds used to allow the organization to continue to provide services and assistance inthe immediate hours after loss.

After the Fire, Inc. is a nonprofit volunteer group founded in 1991 byladies auxiliary members from Half-moon and Clifton Park. They providefamilies in Saratoga County who havehad fires, with immediate emotionalsupport, information and referrals to resources, personal hygiene products,clothing and a place to spend the night.They also help coordinate donations of household items and furniture. Their members respond to calls for help24 hours a day, 7 days per week, and 365 days a year. To-date they have responded to 330 fires and assisted 448 families.

The funds from the Adirondack TrustCompany Community Fund will allowthe organization to continue to provideservices and assistance in the immedi-ate hours after loss.

Visit: www.afterthefire.org

Agricultural Stewardship Association

Funds used to expand Farm Photography forKids program so it will reach more young peo-ple and teach the value of farm conservation.

Agricultural Stewardship Associationwas founded in 1990 by farmers andconcerned citizens and has protected14,165 acres on 92 properties acrossWashington and Rensselaer Counties.Their vision is a community with vibrant farms where people throughoutthe cities, towns and villages are connected in the working landscapeand passionately support its conserva-tion. The organization protects thecommunity’s working landscape offarms and forests, connects people tothe land, and promotes a vibrant futurefor agriculture in the region.

The organizations’ Farm Photographyby Kids program was started in 2010. Theprogram allowed children to get handson lessons inphotographyfrom profes-sional pho-t o g ra p h e r sand learnabout agri-culture andfarm animalswhile doingso. The ex-hibit of theirwork is dis-played at theWashingtonCounty Fair. With funding from theAdirondack Trust Company CommunityFund, the Farm Photography for Kidsprogram will be expanded so it mayreach more young people and teach thevalue of farm conservation.

Visit: www.agstewardship.org

Adirondack Samaritan Counseling Center, Inc.

Funds used to extend geographical access to counseling services for families in Washington County by setting up satellite sites in Granville and Greenwich, NY.

Founded in 1983, Adirondack Samaritan Counseling Center’s mission is to provide professional psychotherapy, counseling, and educational services to facilitate emotional and spiritual health forfamilies and individuals of varied needs.

The Center currently has four community based satellites for serving the counseling needs of children and families who are unableto travel to their main office in Hudson Falls. Funds received from theAdirondack Trust Company Community Fund will be used to extendgeographical access to counseling services for families in WashingtonCounty by setting up satellite sites in Granville and Greenwich, NY. The funds granted will enable the center to maintain a Helping HandFund for fee assistance needed in these communities, offsetting someof the cost of counseling for those with no, or inadequate insurance tocover mental health counseling.

Visit: www.adirondacksamaritan.org

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GRANT RECIPIENTS

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ADIRONDACK TRUST COMPANY COMMUNITY FUND

Regional Food Bank of Northeastern NY

Funds used to continue the operation of the mobile food pantry program in Saratoga County.

The Regional Food Bank is using thefunds it was awarded by the AdirondackTrust Company Community Fund todistribute large quantities of nutritiousfood to people in need in SaratogaCounty through its Mobile Pantry program. Every month, the Food Bankis bringing a truckload of approximately25,000 pounds of fresh produce, dairyproducts, juice, and other foods to ahost agency for distribution to low-income individuals throughout thecounty. This product is a supplement tothe food they purchase or receive fromother sources. It enables them to eatmore nutritiously, and in many casesprevents them from falling into emer-gency food situations. The program hasbeen a tremendous success and isgreatly appreciated by the host agencyand the people it serves.

Visit: www.regionalfoodbank.net

Saratoga Film Forum

Funds used to sponsor the series titled “In the Public Interest” to show films and havea moderated discussion after the film.

Saratoga Film Forum was founded in1993 and shows high quality, hard tofind, movies in a range of genres threedays per week, eleven months a year.With the funds from the AdirondackTrust Company Community Fund, theForum will host a program, In the Public Interest! movie night, coupling“hot topic” films with after movie moderated discussions. Movies in thisseries explore subjects of civic interest,like health-care, public education national security or veterans’ rights.

Visit: www.saratogafilmforum.org

Saratoga Sponsor A Scholar

Funds used to purchase special graphing calculators that will be used by studentsin the program for their math classes and SAT preparation.

The Adirondack Trust Community Company Fund has generouslyassisted the Saratoga Sponsor-A-Scholar program this year, donatingfunds to purchase specialized graphing calculators. These calculatorsare used for tenth grade Geometry class, the 11th grade Trigonometryclass and SATs. The students now have the tools to enable them to succeed.

SSAS selects 10 sophomores from the Saratoga Springs City SchoolDistrict each year and provides them with mentors, academic tutoringand help with college preparation during their last 3 years of highschool and yearly cash stipends while in college. Each scholar must beeligible for federal assistance through the free school lunch program,have a 75 or better average, good citizenship characteristics and be selected by the school system on the basis of their potential to benefitfrom the SSAS curriculum.

These selected students now experience the challenging mathematicscourse as well as science and chemistry studies that come with the highschool years… Then of course preparation for college entrance exams,(SAT, ACT, etc…). These programs and studies often require graphingcalculators, which are very expensive.

Visit: www.saratogasponsorascholar.com

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GRANT RECIPIENTS

ADIRONDACK TRUST COMPANY COMMUNITY FUND

The Salvation Army

Funds used to support the Youth Program thatprovides a safe haven for children to come toafter school while participating in educationaland social activities.

The Salvation Army’s Youth Programhelps to get kids off the street and intoa structured, educational program. Thisprogram assists these kids with theirhomework, computer lab, characterbuilding programs, music instruction,games, and provides a nutritional snackto them daily. The program averages between 20-25 children from SaratogaCounty every day. Funds from theATCCF will be used to provide educa-tional materials for these youth.

Visit: www.salvationarmy.org

For a complete list of ATCCF DonorAdvised Fund and General FundGrant Recipients see page 10.

Shelters of Saratoga

Funds used to offset the difference between a private pay individual bed stay at$10.00 per night versus the actual cost to the shelter at $78.00 per night.

Shelters of Saratoga’s mission since its founding in 1991 is to provideshelter, advocacy, and referral services to the homeless and those atrisk of being homeless. Shelters of Saratoga currently operates an 18bed emergency shelter facility to house homeless men and women. In 2011, the shelter served over 250 unduplicated individuals whowould otherwise have no place to stay for the night. As the need hascontinued to rise, the organization is working on adding an additional13 beds in an adjacent facility.

The grant received from the Adirondack Trust Company CommunityFund will be used to offset the difference between a private pay individual bed stay at $10.00 per night versus the actual cost to theshelter at $78.00 per night. In total, the grant will cover the cost oftwenty nine bed nights. The shelter also assists their guests with findingstable employment and housing which, in turn, moves them out of theshelter and towards self-sufficiency.

Visit: www.sheltersofsaratoga.org

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GENERAL COMMUNITY FUNDAdirondack Samaritan Counseling Center, Inc.

After the Fire, Inc.

Agricultural Stewardship Association

ASPIRe N.Y., Inc.

Domestic Violence and Rape Crisis Services

of Saratoga County

First Baptist Church Summer Lunch Program

Glens Falls/Queensbury Historical Society

(a.k.a. Chapman Historical Museum)

Peaceful Acres Horses, Inc.

Regional Food Bank of Northeastern NY

Saratoga Film Forum

Saratoga Sponsor-A-Scholar

Saratoga Springs Preservation Foundation

Shelters of Saratoga

The Friends of Ulysses S. Grant Cottage

The Salvation Army

THE ADIRONDACK TRUST COMPANY COMMUNITY FUND

STATEMENT OF FINANCIAL POSITIONDECEMBER 31, 2012 AND 2011

ASSETS

CURRENT ASSETS: 2012 2011

CASH AND CASH EQUIVALENTS $ 37,518 $ 80,784

INVESTMENTS 445,776 289,250

TOTAL CURRENT ASSETS $ 483,294 $ 370,034

OTHER ASSETS:

TRADEMARK, NET OF ACCUMULATED

AMORTIZATION OF $251 AND $36,

RESPECTIVELY $ 2,974 $ 3,189

TOTAL OTHER ASSETS $ 2,974 $ 3,189

TOTAL ASSETS $ 486,268 $ 373,223

LIABILITIES AND NET ASSETS:

NET ASSETS

UNRESTRICTED $ 486,268 $ 373,223

TOTAL NET ASSETS $ 486,268 $ 373,223

DONOR ADVISED FUND

GENERAL FUND

DONOR ADVISED FUNDAmerican Friends Services Committee

Amnesty International

Antioch College

Burnt Hills-Ballston Lake Community Human Services

Columbia Greene Humane Society

Community Fund of the Greater Capital Region

Doctors Without Borders

Fast Break Fund

First Unitarian Society of Schenectady

Greenwich Central School

Heifer International

Homeless Action Committee, Inc.

Interfaith Youth Core

Leland Stanford Junior University

Partners in Health

Planned Parenthood- Mohawk Hudson

Ploughshares Fund

Quebec Labrador Foundation

Salem Central School

Salem Youth Sports

Saratoga County Economic Opportunity Council, Inc.

Smile Train

The Foal Project

Unity House of Troy, Inc.

United Way of the Greater Capital Region

WAMC

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General Community Fund

The Adirondack Trust Company Community Fund provides a giving option that iscalled the General Community Fund. Here, donors can make a tax-deductible donation of any amount at any time to a pool of funds specifically designated for theoverall benefit of local nonprofit organizations. By encouraging and consolidating donations from individuals and businesses, the General Community Fund works tosignificantly increase the impact of charitable giving in our community. Distributionsfrom the General Community Fund are directed by the Adirondack Trust CompanyCommunity Fund Advisory Committee to deserving local charities through annualLend a Hand Grant awards.

Donor Advised Funds

A Donor Advised Fund offers a unique giving opportunity. Rather than making anoutright gift or series of gifts to one or more charities, you can donate assets in a tax-advantaged manner to a sponsoring organization, such as the ATC Community Fund. You can benefit from making charitable donations to your ownDonor Advised Fund in a way that is advantageous for your tax planning, yet maintain the ability to guide the distributions from your Donor Advised Fund tovarious charities over time.

Legacy Giving

In addition to making a current gift through the General Fund or a Donor Advised Fund, a donor can make a legacy or planned gift to the ATC Community Fundthrough their will or a trust. This allows a donor's charitable wishes to be carried outfor generations to come.

A donor can leave a charitable legacy for the community using several types ofplanned gifts:» Bequest: A bequest can be made by naming the ATC Community Fund as a chari-

table beneficiary in a will;» Charitable Remainder Trusts: Allows a donor to receive income from a trust for

his or her lifetime, the remainder of which can be donated to the ATC CommunityFund;

» Life Insurance: The ATC Community Fund can be named as the beneficiary of lifeinsurance policies;

» Retirement Fund: By naming the ATC Community Fund as the beneficiary of yourretirement funds, proceeds will go to charitable organizations;

» Life Estate: A donor can retain a life estate in real estate which is donated to theATC Community Fund.

To learn more about the ATC Community Fund, or if you have a question, please feel free to contact us at 518-584-5844 (x) 2311, or via email at mail@atccf.orgor by visiting our website at www.atccf.org.

Our office is located at 31 Church Street, Saratoga Springs, NY, 12866.

FOR GIVING

An important part of the quality of life in our

area rests with individuals and organizations

that give generously to local charities.

Contact Us

address: 31 Church Street | Saratoga Springs | NY 12866phone: (518) 584-5844 (x)2311 fax: (518) 580-0816 email: mail@atccf.orgwebsite: www.atccf.org

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