Terms and Conditions
Amalgamated Foundation is the name used for the programs and services of the Amalgamated Charitable Foundation, an independent nonprofit public charity. Reflecting their shared commitment to positive social change, Amalgamated Foundation receives charitable contributions from and maintains service agreements with Amalgamated Bank, but is not a program or activity of Amalgamated Bank.
Amalgamated Foundation, incorporated in 2017 in New York, is classified as a public charity as described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Amalgamated Foundation is registered, or is in process of registration, in all states and the District of Columbia, where such registration is required for charitable solicitation. Once made, contributions are subject to the control and discretion of Amalgamated Foundation and shall not be deemed a separate trust fund held by Amalgamated Foundation in a trustee capacity. The assets of all donor advised funds are commingled with those of Amalgamated Foundation in general. Grant distributions made from a donor advised fund, and the investment of assets, are made at the sole discretion of Amalgamated Foundation. Grants may not be used to provide a return or benefit for the donor, their advisors or members of their families. While the ultimate decision on all investments and grants is at the discretion of Amalgamated Foundation, you will be able to make recommendations as to the investment of assets and grant distributions from the fund.