2024 CFAAC Annual Report - Flipbook - Page 8
YEAR IN REVIEW
As we reflect on 2024, we celebrate the roots we’ve nurtured and the growth we’ve achieved. Together,
we are strengthening the foundation of philanthropy, cultivating a community where generosity
continues to flourish.
CFAAC staff at the 2024 Celebration of Philanthropy Awards Luncheon. Photo by Eye Opening Photography.
ENSURING GROWTH & SUSTAINABILITY
Strong roots provide stability, and our financial
strength ensures we can serve our community
for generations to come. We surpassed our 2025
strategic goal of $25 million in assets ahead of
schedule, setting a new target of $35 million,
and closing the year with an incredible $41.26
million. In 2024, we received $15.5 million in new
gifts, including $381,409 in operating support.
We exceeded fundraising goals across multiple
initiatives, growing the Fund for Anne Arundel
by $670,194 and positioning ourselves for
continued impact in 2025.
We planted the seeds for long-term giving
by creating 40 new philanthropic funds and
securing six new Legacy Fund commitments.
Additionally, we leveraged $52,863 in Endow
Maryland Tax Credits, adding $211,545 to our
endowed assets, ensuring a lasting impact for
generations to come.
8 | 2024 Annual Report
Balcony view of the 2024 Celebration of Philanthropy Awards
Luncheon at Live! Casino & Hotel Maryland.
CELEBRATING PHILANTHROPY
A thriving philanthropic community flourishes
when we recognize and uplift those who make
a difference. This year, our Celebration of
Philanthropy Awards Luncheon honored nine
outstanding community leaders, drawing a sold-out
crowd of more than 325 guests to Live! Casino &
Hotel Maryland for an afternoon of inspiration and
gratitude. Learn more on page 24.
