Donor Advised Funds
Donor Advised Funds are charitable giving accounts that allow donors to easily and effectively manage their charitable giving. Donor Advised Funds provide many of the advantages of a private foundation, but with smaller asset requirements and fewer administrative responsibilities. You determine the name of your fund, choose your level of involvement and recommend grants to support the causes you care about. Contributions to the fund are tax deductible and you may add to the fund at any time. The Foundation manages the fund's assets and handles all administrative requirements. Donors have 24/7 access to their funds via an online portal - DonorCentral.
Charitable Gift Annuities
Charitable Gift Annuities (CGA) are agreements between donors and charities, whereby the donor makes a gift to the charity and the charity makes fixed payments to the donor - throughout their lifetime. Once the payments end, the remainder of the gift benefits the charity. This amounts to reliable payments that continue no matter how long you live and no matter what happens in financial markets.
Arranging for a Charitable Bequest is a simple and effective way for a donor to transfer assets to charity. You arrange for a Charitable Bequest by including language in your will or living trust and the Mid-Shore Community Foundation will manage your gift according to your wishes.