Support Historic Annapolis through a grant from your donor advised fund.
A gift through your Donor Advised Fund (DAF) can help Historic Annapolis lead the way in ensuring Annapolis remains an historic treasure!
Do you have a DAF with AACO Community Foundation?
Consider a DAF to sustain Historic Annapolis’s future via the Community Foundation of Anne Arundel County.
What is a Donor Advised fund (DAF)?
A DAF is like a charitable investment account that is set up for the sole purpose of supporting charities. Individuals can contribute cash, stocks, or other assets into the DAF and receive an immediate tax deduction. Those funds are invested for tax-free growth and the individual can recommend donations to charities of their choice over time.
DAFs are the fastest-growing charitable giving vehicle because they are the easiest, and most tax-savvy way to give to charities like Historic Annapolis.
How Does a Donor Advised Fund Work?
To establish the fund, an individual makes an irrevocable tax-deductible contribution (cash, stock, real estate, etc.) to a sponsoring organization, community foundation or financial institution. Individuals receive a tax receipt and tax benefits when funds are deposited into their DAF.
The DAF sponsoring organization oversees those funds as they grow tax free.
The assets within the fund now legally belong to the sponsoring organization but the DAF account holder retains advisory privileges over disbursements made from the DAF in addition to the investment strategy.
DAF account holders can recommend single or recurring donations to charitable organizations. Funds in a DAF can only be used to support organizations that are tax-exempt 501(c)(3) and classified as public charities under 509(a).
Once the DAF sponsoring organization approves, the recommended donation is made to the qualified charitable organization, such as Historic Annapolis.
What are the benefits of giving through a Donor Advised Fund?
- Support a charity you believe in through strategic giving, over time.
- Maintain family involvement in charitable decisions.
- Create a lasting legacy.
- Take advantage of immediate tax benefits with the ability to distribute funds later.
- Consolidate all your charitable giving.
- Ensure that you meet and/or exceed standard deductions by combining donations of stock to a DAF.
To Recommend a Grant from your DAF, the Sponsoring Organization will need the following information:
Legal name: Historic Annapolis, Inc.
Taxpayer ID: 52-0645783
Permanent address: 18 Pinkney Street, Annapolis, MD 21401
To learn more about ways of supporting Historic Annapolis, please contact:
Carol Rognrud
Vice President of Development
410.990.4715
carol.rognrud@annapolis.org