CFAAC Community Connector - May 2021 | Community Foundation of Anne Arundel County

IN THIS ISSUE

FOUNDATION NEWS
A Message from our President & CEO

MAKING A DIFFERENCE
Welcome to CFAAC
Encouraging a Legacy of Philanthropy in Your Family

COMMUNITY IMPACT
Fund for Anne Arundel Challenge Grant
2021 CFAAC Scholarship Recipients

STRENGTHENING NONPROFITS
Community Impact Speaker Series Presents: A Framework for Understanding, Addressing, and Preventing Neighborhood Trauma Webinar
Community Grants

NEWS FOR PROFESSIONAL ADVISORS
“501(c) what?”: Sorting through jargon to determine deductibility
Cautioning Clients About Crowdfunding
Ice breakers: Four easy openers to talk about philanthropy

FOUNDATION NEWS

A Message from our President & CEO

If there is one thing I can say about Anne Arundel County, it’s that it exemplifies giving in every sense of the word. The tangible beauty that our county showcases is all the more present during the spring. With wild dogwoods, azaleas, and redbuds in full bloom against the verdant landscape, it makes me even more appreciative of the place I call home.

The people of Anne Arundel County are giving, too. Whether you've donated funds, volunteered time, or simply performed random acts of kindness, you embrace the essence of philanthropy. A couple of great examples of people making a positive impact through philanthropy are CFAAC fund holders Ralph and Raymond Crosby and Edward and Angela Ponatoski, who together have made a matching challenge of $50,000 to support CFAAC's Fund for Anne Arundel. Read more about the matching challenge and how you can support our efforts to raise $100,000 below.

We are thrilled to announce the next program in our Community Impact Speaker Series, Becoming a Trauma Informed County, scheduled for May 13. Join us as we continue this important series of events. You can find all the details and a link to register in this newsletter.

Finally, our 2020 Annual Report is coming your way soon. You’ll be amazed at the progress we made in 2020. In good times and challenging times, CFAAC is here for our community. I am certain that this report will inspire you to support our efforts and I ask you to consider making a secure gift online here to CFAAC’s Community Leadership Annual Campaign so we can continue our work to improve the quality of life for all citizens in Anne Arundel County.

Until next time, I hope you enjoy the incredible beauty that May brings this county.

Mary Spencer
President & CEO

MAKING A DIFFERENCE

Welcome to CFAAC

The Community Foundation of Anne Arundel County is thrilled to welcome the following to our family of funds:

Bradshaw Family Fund - A permanently endowed Donor Advised Fund established to provide annual support to organizations that match the fund advisor's philanthropic interests, now and for future generations.

Encouraging a Legacy of Philanthropy in Your Family

As a child, Claudia Nichols Cunningham remembers her father sharing stories with her about organizations he supported and why they were important to him. He always stressed to her how important it was to give back. Little did he realize he was inspiring her to not only be philanthropic but to ultimately seek a career in fundraising. “I always think of my father when I discuss generational philanthropy with fundholders and prospective donors,” said Claudia, CFAAC’s Director of Planned Giving. “Encouraging your family to participate in your charitable decisions can inspire subsequent generations to be philanthropic.”

Having children serve jointly as fund advisors or as successor advisors on a Donor Advised Fund is one way to achieve family giving at the Community Foundation. Beyond that, there are a number of ways you can encourage philanthropy through your estate and legacy plans. Read More...

COMMUNITY IMPACT

Fund for Anne Arundel Challenge Grant

We are excited to announce that two CFAAC funds, the Crosby Foundation, and the Peterman Ponatoski Family Foundation are each contributing $25,000 to CFAAC’s Fund for Anne Arundel as a matching gift challenge. The hope is that together we can raise an additional $50,000 to reach or even exceed our $100,000 fundraising goal.

Ralph Crosby, Founder & Chairman and Raymond Crosby, President & CEO of Crosby Marketing along with Edward and Angela Ponatoski, are kicking off CFAAC’s matching gift campaign to help raise $100,000 to increase the amount of funding that the foundation has available to strategically align its grantmaking with the most critical needs in the county. The Crosby’s and Ponatoski’s grants will match dollar-for-dollar all donations up to $100,000.

As federal, state, and local funding support for nonprofits continues to decline for countless reasons, individual donors and community foundations are being called on to fill the gaps so that nonprofits can continue to provide essential community services.

CFAAC's Fund for Anne Arundel continues to focus on healthy, thriving, successful children, by awarding grants to programs that address the needs of Anne Arundel County children and families. This year we will prioritize funding for access to physical, mental, and behavioral health programs, which are more important than ever, because of the effects of COVID-19.

Your donation to CFAAC’s Fund for Anne Arundel will help improve the quality of life for vulnerable children and families in our county, now and for generations to come! Thank you for being a part of our efforts, and our future.

Donate to Fund for Anne Arundel Matching Gift Challenge

Congratulations to the 2021 CFAAC Scholarship Recipients

CFAAC is proud to announce the winners of the Lance Corporal Eric Herzberg, USMC and Lance Corporal William Taylor Wild, IV, USMC Scholarship (Herzberg-Wild Scholarship) Fund and the Officer Grant Turner Memorial Scholarship Fund.

The Herzberg Wild Memorial Scholarship honors two fallen Marines, Eric W. Herzberg and Taylor Wild IV, who were both Anne Arundel County residents. These scholarship recipients demonstrate the Marine Corps values of Honor, Courage, and Commitment, through their ability to persist in the face of significant personal obstacles, and their ability to provide quiet leadership in their school and home community. Each recipient received a $10,000 scholarship, renewable for one year upon successful reapplication.

D'Asia Jones, Annapolis High School, plans to attend Elmira College in New York.
Amalie Rebstock, South River High School, plans to attend University of Maryland Baltimore County.

The Officer Grant Turner Memorial Scholarship was established to honor Officer Grant Turner, who loved baseball. The Scholarship Fund hosts one of the largest preseason baseball tournaments in the state. Proceeds from the tournament are used to provide one scholarship to a graduating student at South River High School. In addition, scholarships are awarded to a dependent of the Maryland Transportation Authority Police Department and the Maryland Diamond/Anne Arundel County Umpires Association. Each recipient received a $1,700 scholarship.

Harley Hendon, South River High School, plans to attend Frostburg State University.
Kate Henry, Archbishop Spalding High School, plans to attend American University.
Alexis Myers, Chesapeake High School, plans to attend the University of Maryland, College Park.

STRENGTHENING NONPROFITS

Community Impact Speaker Series Presents: A Framework for Understanding, Addressing, and Preventing Neighborhood Trauma Webinar

May 26, 2021 at 10 am via Zoom (please note this date changed after the initial publication of this newsletter)
Free to registered participants

Neighborhood or collective trauma is the product of decades of economic, political, social, and racial isolation. In this seminar, participants will learn to recognize the symptoms of neighborhood trauma and the three spheres to measure a healthy community: the social-cultural environment (the people), the physical/built environment (the place), and the opportunities afforded in the economic and educational environment (equitable opportunity). The seminar will include a discussion of comprehensive strategies to address the three spheres and promote community healing while building resilience and preventing violence.

This one-hour virtual interaction, featuring Dr. Pamela Brown, Executive Director of Anne Arundel County Partnership for Children, Youth & Families, is open to the public and free to registered participants.

Community Grants

Housing & Community Development Professional Development Scholarships - Accepting Applications on a Rolling Basis
Arundel Community Development Services, Inc. (ACDS) is accepting applications from current and emerging housing and community development leaders working in Anne Arundel County for the Ardath M. Cade (AMC) Scholarship fund. Applications are welcome from community and neighborhood leaders and staff at nonprofit organizations that implement social service programs, food assistance, programs for youth, community art projects, housing assistance, and more. Learn more here.

NEWS FOR PROFESSIONAL ADVISORS

“501(c) what?”: Sorting through jargon to determine deductibility

When tax season rolls around each spring, a new crop of questions may arise concerning clients’ gifts to various organizations and whether those donations qualify as tax-deductible charitable contributions.

Keep in mind that Section 501(c) of the Internal Revenue Code lays out the requirements for organizations to be considered tax-exempt—a status for which an organization must seek IRS approval. Tax exemptions apply to certain types of nonprofit organizations, but status as a nonprofit (which is a state law construct) does not necessarily mean that the organization will be exempt from Federal income taxes. Read more…

Cautioning Clients About Crowdfunding

What if your clients make donations to entities that don’t fall under a specific section of the Internal Revenue Code, but feel “charitable” nonetheless because the dollars are helping people in need? Perhaps a client helped set up a dedicated bank account to provide scholarships to the children of an accident victim, or even participated in a GoFundMe fundraiser to help a specific family. These vehicles, along with other crowdfunding platforms, typically do not meet the qualifications for a charitable organization under Section 501(c)(3), usually because the funds are earmarked for a particular person or persons. Read more…

Ice breakers: Four easy openers to talk about philanthropy

Addressing charitable giving priorities with clients does not need to be hard. The key is to be interested, informed, relevant, and authentic. For tips on each, r ead more...