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What is CFCC?
Community foundations are set up for people to give through them; they are not the end-users of charitable dollars. In 2003, Maryland’s community foundations distributed more than $23 million to charitable organizations. Most of those funds came from donor advised or donor designated funds. It was money which donors passed through the community foundations to other nonprofit organizations.
The Community Foundation of Charles County (CFCC), the 11th community foundation in Maryland, has a vision: To make Charles County the best place to live and give.
Why Choose CFCC?
Like the other 700-and-some community foundations around the world, we are your resource for giving. Here’s why:
- CFCC is a neutral expert with technical information on a range of planned giving options – from executing gifts of real estate, stock, or personal property to establishing donor advised funds or income-producing charitable annuities. The Community Foundation helps advisors provide their clients with the best charitable giving strategies based on each client’s unique financial situation, tax status, and giving goals.
- The Community Foundation has in-depth information on local needs and nonprofit organizations. When clients ask, “how can I make sure my charitable gifts will make a difference?” you can turn to your local community foundation for information on the programs and agencies that are working well in the specific areas of interest. The CFCC is in touch with local organizations and activities addressing the broad spectrum of community needs – from arts and culture, education and scholarships, the environment, to general community improvements, health and wellness and youth initiatives.
- CFCC serves as the vehicle for giving for your clients. For example, we can establish Donor Advised Funds – the very popular mechanism through which a client can make a charitable gift and stay personally involved in suggesting uses for that gift over time. We can be the recipient in bequests as stewards for estate assets that a client wishes to direct to address specific areas of community need in perpetuity. Giving through a community foundation also provides a client time and resources for evaluating potential grant recipients, as well as the ability to give to multiple charities with a single gift.
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