Holiday and performance bonuses can be life changing, the now viral story of Maryland’s own St. John’s Properties awarding $10 million dollars to its 198 employees is a great example. These generous gifts can inspire new plans to benefit individuals, families, and perhaps the community as well. Some individuals and families might want to make decisions about their charitable giving before the end of the year to maximize their giving and minimize their taxes. The Community Foundation of Anne Arundel County (CFAAC) is here to help families through their gift planning process!
If you are hoping to make a difference in your community, while keeping an eye on potential changes in your tax bill, philanthropic giving through a Donor Advised Fund at CFAAC is a great solution. The Community Foundation can help you quickly establish a Donor Advised Fund giving you an immediate tax deduction, while also giving you time to decide on the causes that matter to you the most. Grants from Donor Advised Funds can be issued strategically to charities in the name of the fund (or anonymously if you prefer). It’s a simple, powerful, and highly personal approach to giving. Learn more about Donor Advised Funds.