Donor Advised Funds (DAF) by the Community Foundation of Anne Arundel County provide individuals and families with a streamlined approach to philanthropy, offering the benefits of a private family foundation without the complexities and expense. With a single gift to CFAAC, you can establish a DAF that allows you to support the causes closest to your heart. Our experienced staff researches each nonprofit you with to support to ensure its credibility and regulatory compliance, simplifying the process for you. Your charitable tax deduction is based solely on your gift(s) to your fund at CFAAC, making recording keeping hassle-fee. Click here to learn about the differences between a Donor Advised Fund and a Private Foundation. 

Benefits of a Donor Advised Fund

• Simplify Your Giving: With CFAAC’s DAF, you can support the causes you care about most with ease.
• Make an Impact: Partnering with CFAAC helps you maximize your philanthropic investments and create a lasting impact in the community.
• Consult with Experts: CFAAC distributes millions of dollars in grants each year to a variety of nonprofits, ensuring your contributions address critical community needs.
• Choose Your Timing: Enjoy an immediate tax deduction for your gift to CFAAC, allowing you to donate when it is most financially beneficial to you.
• Choose Your Nonprofits: Recommend grants to qualified U.S. nonprofit organizations through your fund, with international organizations considered case by case. CFAAC staff researches that each nonprofit is in good standing before issuing a check from your fund.  Additionally, we can make inquiries on your behalf while protecting your anonymity.

Note: While DAFs and supporting organizations are not eligible for IRA Charitable Rollover gifts, other funds at CFAAC offer this option, including Help Our Neighbors, Grants 4 Teachers, Strengthening Nonprofits, Fund for Anne Arundel, Scholarships, CFAAC’s Community Leadership Fund, and more.

Corporate Advised Funds offer several benefits for companies seeking to streamline their philanthropic efforts. With a Corporate Advised Fund, your company can establish a named fund dedicated to its charitable vision, whether targeting specific causes or addressing broader community needs. Our experienced staff will collaborate with your professional advisors to design a giving plan that not only aligns with your company’s goals but also maximizes tax benefits. Additionally, by leveraging a Corporate Advised Fund, your company can effectively publicize its giving initiatives, enhancing its reputation as a socially responsible corporate citizen within our community.

Benefits of Corporate Advised Funds:

• Streamlined Philanthropy: Simplify your company’s charitable giving efforts with a dedicated Corporate Advised Fund.
• Tailored Giving: Work with our experienced staff to establish a named fund that reflects your company’s charitable vision and objectives.
• Professional Guidance: Collaborate with your professional advisors to design a giving plan that aligns with your company’s goals while maximizing tax benefits.
• Impactful Contributions: Support specific causes or address broader community needs through strategic and impactful philanthropic initiatives.

Scholarship Funds provide a direct way to help deserving students pursue their academic goals, spanning from preschool to postgraduate studies. You have the flexibility to specify the field of study, eligibility requirements, tailoring your support to align with your values.  Additionally, you have the flexibility to define guidelines for the scholarship’s advisory committee, the educational institution, and the selection criteria for award recipients. Whether you choose to name the fund in support of yourself or in memory of a loved one, your contribution empowers students to pursue their educational aspirations, fostering their personal and professional growth.

CFAAC Scholarship Funds:

• Lance Corporal Eric Herzberg, USMC and Lance Corporal William Taylor Wild, IV, USMC Scholarship Fund
• The Officer Grant Turner Memorial Scholarship Fund
• William Bunn Memorial Scholarship Fund (Administered by Salisbury University)
• Capital Gazette Memorial Scholarship Fund (Administered by Philip Merrill College of Journalism at the University of Maryland)

Nonprofit Agency Endowed Funds established at CFAAC by nonprofit organization boards ensure sustainable support for their programs or operations. These funds offer long-term stability, with earnings from the principal supporting the organization’s mission. By partnering with CFAAC, nonprofits benefit from efficient fund management, investment expertise, and a constant income source. With a minimum of $25,000, organizations can establish named funds that reflect their mission or honor donors. CFAAC handles fund management, reporting, and distribution, providing quarterly financial updates and online access for transparency. Invested in CFAAC’s Long-Term Growth pool, these funds offer maximum returns with reasonable risk and reduced management costs. Additionally, nonprofits gain visibility through CFAAC’s promotional efforts, becoming community fundraising partners. Endow Maryland tax credits further incentivize contributions, ensuring enduring support for Anne Arundel County.

Why Establish a Nonprofit Agency Endowment Fund at CFAAC?

• Permanence: Building a permanent endowment ensures long-term success, assuring donors that they are contributing to a stable, growing organization.
• Efficiency: Nonprofit Agency Endowment Funds can be established with a minimum of $25,000, with the ability add to the endowment at any time.
• Fund Management: CFAAC manages funds, providing quarterly financial reports, and online access for transparency. Assets are recorded on the organization’s balance sheet.
• Investment Expertise: Endowment Funds are invested in CFAAC’s Long-Term Growth pool, reducing costs and allowing exposure to sophisticated investment vehicles.
• Income:
• Visibility: CFAAC promotes organization endowments throughout the community, enhancing visibility and fundraising efforts.

CFAAC assesses a fee to help defray the costs associated with the administration and investment of the fund. These fees encompass various administrative tasks, including but not limited to, conducting due diligence procedures, acknowledging contributions, processing and distributing grants, and ensuring compliance with federal and state regulations. Additionally, the fees contribute to providing Fund Holders with access to the Fund Advisor Portal for online management and support CFAAC’s comprehensive donor services designed to enhance advisors’ giving and philanthropic experience.