900 Bestgate Road
Suite 400
Annapolis, MD 21401
410.280.1102
Agency Endowed Fund
An Agency Endowed Fund can be established at CFAAC with a minimum of $25,000. Your organization can add to the endowment at any time. The fund can be named after your organization, in honor of a major donor, or another name that reflects your organization’s mission.
Your organization’s endowment monies are safeguarded to meet the future needs of the organization. CFAAC will manage your fund, report to the IRS and the State of Maryland, prepare quarterly statements, and distribute income to your organization. The assets in the endowment continue to be recorded on your organization’s balance sheet even though they are legally held and managed by CFAAC.
Your organization will receive quarterly financial reports on the status of the endowment, including gifts, grants, fees, and investment returns. You will also have access to the online portal to review the status of your fund at any time.