Professional Advisor Legacy Planner e-News December 2015

Previous editions of Legacy Planner e-News can be found HERE.

The Community Foundation announces its FY2016 Strategic and Impact Grantees. Just over $167,737 will support 32 nonprofits in the areas of children and youth programs, animal welfare, the arts, health care, basic human needs, elder care, and more. Sixteen grantees working in the Community Foundation's strategic areas of basic human needs, health care, and school-readiness for children are receiving grants totaling $334,144. These funds are in addition to the grants provided from designated, donor-advised, and agency funds.

stocksphoto.medAs year-end approaches, the Community Foundation often receives charitable gifts through the transfer of stock. These gifts are added to existing funds, or used to created new funds. Transfers of stocks must be completed by December 15, 2015. Contact Gail Fitzgerald, CFO, for assistance in verifying the correct transfer instructions. It is also helpful for Gail to know to expect the transfer and the name of the donor, as this will expedite the processing of the gift and thank you/tax acknowledgement letter once the transfer is complete. Gail can be reached by This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone at 301.695.7660.

Endow Maryland Frederick Co.mediumLast January, tax credits for individuals and businesses in Maryland making a contribution to permanent endowed funds held by community foundations became available. Gifts of $1,000 or more to these funds qualify for federal and Maryland state charitable deductions, plus a 25 percent Maryland state tax credit. New permanent endowed funds can be opened as well, with a $25,000 gift. All gifts must be received before December 31, 2015 to qualify. Click HERE to learn more.

ItsRealA new video, titled "It's REAL," highlights the many ways that Community Foundation grants and scholarships make a REAL difference in the lives of countless people in Frederick County. Learn how grants and scholarships care for, enhance, and advance the community. Click HERE to watch the video.


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