2023 CFAAC Annual Report - Report - Page 43
ENDOW MARYLAND
Endow Maryland is a Maryland state tax credit that rewards donors
who help build permanent charitable funds for local communities.
You can establish or add to an existing endowed fund at CFAAC and
qualify for a 25% state tax credit. CFAAC has a limited number of tax
credits available. For available credits contact our Director of Finance
& Operations, Kathy Luthcke, at 410.280.1102 ext. 105 or via email at
kathy@cfaac.org.
Charitable Investment Partner Program
The Charitable Investment Partner Program allows you to maintain
your own qualified professional advisor to manage your charitable
fund's assets while your advisor retains investment management fees.
For more information, contact our Director of Finance & Operations,
Kathy Luthcke, at 410.280.1102 ext. 105 or via email at kathy@cfaac.org.
Charitable IRA Rollover/Qualified Charitable
Distributions
If you are 70½ or older, the Charitable IRA Rollover/Qualified Charitable
Distribution (QCD) allows you to make a tax-free gift to a nonprofit. For
more information, contact your IRA administrator or visit our website.
(Tax ID # 52-2098698). Contact our Director of Planned Giving, John
Rodenhausen, at john@cfaac.org or call 410.280.1102, ext. 103.
OPEN A FUND
Opening a fund at CFAAC offers the benefits of a private foundation
without the hassle and expense. CFAAC staff will research each
nonprofit you wish to support to ensure it is in good standing and then
issue the check from your fund. For more information, contact our
Director of Philanthropic Resources, Jennifer Lagrotteria, at
jen@cfaac.org or 410.280.1102 ext. 102.
Gifts in Honor or Memory
Making a tribute gift is a meaningful way to honor someone special in
your life. CFAAC will notify the person you indicate and you will receive
a tax receipt for the gift. For more information, contact our Director
of Philanthropic Resources, Jennifer Lagrotteria, at jen@cfaac.org or
410.280.1102 ext. 102.
Other Non-Cash Assets
Other non-cash assets, such as real estate, artwork, vehicles, and
undeveloped land, can be donated to support community causes.
Contact our Director of Philanthropic Resources, Jennifer Lagrotteria,
at jen@cfaac.org or 410.280.1102 ext. 102 to discuss options and
compliance with CFAAC’s Gift Acceptance Policy.
We are here to assist you every step of the way. Thank you for
considering CFAAC as your partner in philanthropy.
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