Private Home Transforms Public Library

FJC is home to imaginative donors that seek to go beyond donations of cash or appreciated securities to their Donor Advised Fund accounts. Take for example Georgette Bennett and Leonard Polonsky, whose family fund worked with FJC to transform a residential property in Aspen, Colorado into a portion of their $12 million grant to the New York Public Library. The family donated the Aspen property to FJC, which then sold the real estate, generating the proceeds that covered a portion of the grant. The grant to the Library in 2019 will support the creation of Polonsky Treasures Exhibition, a permanent display of rotating items from its extensive research collections, including an original copy of The Declaration of Independence, Christopher Columbus’ letter to King Ferdinand II advising him of his discovery in the New World, The Gutenberg Bible, and original sheet music from Beethoven and Mozart.

“FJC was completely supportive, cooperative and responsive throughout the complex process,” says Ms. Bennett. “We’re grateful that the team at FJC made it so easy for us.”