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The Program NYC Foundation will provide youth from underserved communities with annual membership to our basketball programming.

The Program NYC is a state-of-the-art basketball facility and community hub, coming to 255 Java Street in Greenpoint, Brooklyn. Set to open our doors in August 2025, The Program’s mission is to restore New York City as “the mecca” for basketball at the youth & grassroots levels, by providing the next generation of young athletes all of the resources necessary to reach higher levels, both on and off the court.

Backed by incredible names such as Carmelo Anthony, Sue Bird, Chris Mullin, Kemba Walker and many others, our facility will feature basketball court(s), performance area(s), recovery room (Hyperice, cold plunge, infrared sauna), film room & juice bar. We will offer annualized memberships to youth of all ages, genders, & skill levels.

Our 501c3 Foundation provides local, deserving youth from underserved communities with scholarships to our annual membership offerings: 

https://www.theprogramnyc.com/memberships

Edward Charles Foundation takes pride in working with projects which we can partner with to most effectively benefit the community

Annually, and independently audited 501(c)(3) Edward Charles Foundation assists changemakers including donors, philanthropists, funders, charity founders, social entrepreneurs, executives and corporations in establishing legal and compliant charitable funds to do good and have maximum impact.   Over 13+ years in existence, over 450 charitable projects executed, over 50 million in charitable funds disbursed. We have notable clients. We have helped our changemaker clients engage in meaningful philanthropy and we are stewards of trust for our clients' charitable funds in a transparent and compliant environment with “white glove” service.

Both DAFs and FSFs are Restricted Charitable Funds, meaning both must advance charitable purposes. Each is also considered a Time of Gift Deduction, in that the donor recognizes the charitable gift as a charitable contribution. DAFs and FSFs both also have a Fund Administrator—the sponsor—which assumes the legal, fiscal, and reporting obligations of the fund. 

But that’s where the similarities end…

Donor Advised Funds have strict limitations leaving them in the dark, whereas Fiscal Sponsor Funds have less restrictions and more opportunities for philanthropists and their causes. 

Fiscal Sponsor Funds can accommodate:

If the donor would like to raise funds (from friends, other donors, or foundations)
If the donor would like to disburse charitable funds to foreign organizations
If the donor would like to gift individuals a charitable gift such as an educational scholarship
Paying vendors if a donor would like to put on an event to advance their charitable purposes
Paying its lawyers and other service providers
Self-dealing rules are mitigated due to structure
Fiscal Sponsorship platforms are pen when it comes to types of non-cash assets to receive
Fiscal Sponsorship is open to investment platforms (as long as they comply with the Prudent Investment Rule)
FSFs can continue generationally with a legacy plan

Edward Charles Foundation

The Program NYC Foundation

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We are a nonprofit, so instead of charging NONPROFIT we rely on the generosity of donors like you.

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The Program NYC Foundation