# Community Foundation for South Central New York

Community Foundation for South Central New York is a Community Foundation based in Johnson City, United States.

## Overview

- **Organization type:** Community Foundation
- **Headquarters:** Johnson City, United States
- **Region:** North America
- **Address:** Johnson City, NY, United States
- **Founded:** 1997
- **Assets under management:** $46.5M (Altss estimate)
- **Website:** www.cfscny.org
- **LinkedIn:** https://www.linkedin.com/company/community-foundation-for-south-central-new-york

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1997, the Community Foundation for South Central New York channels philanthropic capital into Broome, Chenango, Delaware, Otsego, and Tioga counties. The board includes executives from Visions Federal Credit Union, M&T Bank, NBT Bank, and Southern Tier 8, embedding the foundation within the regional financial and community-development fabric. It operates as a permanent endowment aggregator — donors establish funds, and the foundation deploys grants from the pooled investment portfolio. 5 million corpus. Grantmaking flows through donor-advised funds and three branded collaborative vehicles: the Chobani Community Impact Fund, the Racial Justice and Equity Fund, and The Women’s Fund. Chobani, headquartered in the region, uses the foundation as its primary corporate-giving conduit. The foundation maintains professional memberships with the Council on Foundations, PEAK Grantmaking, the New York Funders Alliance, and the Greater Binghamton Chamber of Commerce. These affiliations tie it to national grantmaking standards while rooting its operations in upstate New York’s economic ecosystem. Structurally, the foundation functions as a civic balance sheet — its board is composed of lenders and economic-development officials rather than a single family or private investment committee. That governance model makes it a neutral capital aggregator for five counties, with corporate partners placing community-directed funds alongside traditional donor vehicles.

## Sectors

- Philanthropy
- Community Development

## People

- Tyrone Muse — Board Member
- Peter Newman — Board Member
- Karen Sastri — Board Member
- Jen Gregory — Board Member

## Questions

### Who governs the Community Foundation for South Central New York?

The board is composed of executives from regional financial institutions and economic-development organizations. Members include Visions Federal Credit Union CEO Tyrone Muse, M&T Bank Regional President Peter Newman, NBT Bank VP Karen Sastri, and Southern Tier 8 Executive Director Jen Gregory.

### How does the foundation invest its endowment?

The foundation holds an investment portfolio based in Binghamton, New York, and maintains a hedge fund position in the Cayman Islands. The allocation blends local asset management with an offshore absolute-return sleeve to support perpetual grantmaking capacity.

### What branded funds does the foundation operate?

Three collaborative funds sit alongside standard donor-advised vehicles: the Chobani Community Impact Fund (with Chobani), the Racial Justice and Equity Fund, and The Women’s Fund. Each channels capital toward specific populations or geographies within the five-county footprint.

### How does the foundation relate to Chobani?

Chobani uses the foundation as its vehicle for the Chobani Community Impact Fund, making the foundation the corporate-giving partner for one of the region’s largest private employers. This relationship places corporate philanthropy alongside individual donor funds under the same governance structure.

### Where does the foundation’s capital come from?

The foundation aggregates capital from individual donors and corporate partners across Broome, Chenango, Delaware, Otsego, and Tioga counties. It does not benefit from a single family’s wealth-creation event; instead it functions as a pooled community endowment.

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/community-foundation-for-south-central-new-york

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