2024 CFAAC Annual Report - Flipbook - 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.
CFAAC's Director of Planned Giving, John Rodenhausen, and
Heather East of the Spirit of Nicholas Sailing Fund present $5,000
to The Key School to support the varsity and JV sailing teams.
DONATE FROM YOUR DAF
If you hold a Donor Advised Fund (DAF) at CFAAC,
you can easily donate to a 501(c)(3) nonprofit by
initiating a grant through your online portal or
contacting us. CFAAC can also receive grants from
DAFs held at other financial institutions.
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.
WIRE TRANSFER OR MUTUAL FUNDS
For wire transfers or mutual fund donations,
please contact our Director of Finance &
Operations, Kathy Luthcke, at 410.280.1102 ext.
105 or via email at kathy@cfaac.org.
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.
CFAAC staff gathered to mark the close of the Foundation’s
25th Anniversary celebration on April 28, 2024.
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. Contact our Director of Planned
Giving, John Rodenhausen, at john@cfaac.org or
call 410.280.1102, ext. 103.
CRYPTOCURRENCY
Donate cryptocurrencies through Crypto For
Charity. By donating crypto, you avoid capital gains
taxes allowing you to maximize your charitable
impact. Learn more at cfaac.org/ways-to-give.
Members of a CFAAC grant committee reviewing applications.
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