The Theresa Foundation Pooled Trusts
The Theresa Foundation Pooled Trust of New York (the “Theresa Pooled Trust”) is a special type of trust that allows a beneficiary to become financially eligible for public assistance benefits, such as Medicaid and Supplemental Security Income (SSI), if certain requirements are met. The Center for Special Needs Trust Administration, Inc. (The Center) administers the Theresa Pooled Trusts along with Key Bank (Key Bank) as Co-Trustees.
Upon the beneficiary’s death, any remaining assets in the pooled trust are retained to or for the benefit of people with disabilities. As part of their charitable mission, the Theresa Foundation and The Center have partnered to provide comprehensive services to the entire community of people with disabilities in New York while supporting children with special needs.