The CFSOMD Professional Advisor Council
Information for Professional Advisors
Why Refer us to your client?
Community Foundations often work closely with financial planners, attorneys, bankers and life insurance representatives to help their clients develop a giving approach that matches their personal interests and tax planning needs.
The CFSOMD can help by:
- Integrating charitable giving with estate and financial planning;
- Facilitating anonymous giving;
- And assist with complex gifts.
For those individuals who want to give, but don’t know the community’s greatest needs, the Community Foundation of Southern Maryland can provide answers and guide individuals to the organizations or causes seen as the top priority by members of the community.
For those individuals who already contribute to specific causes, the Community Foundation of Southern Maryland can provide options to make sure their contributions will last into the future.
Ways To Give
- Appreciated Securities
- Assets of private foundations
- Charitable IRA Transfers
- Life Insurance
- Planned Gifts
- Real Estate or Personal Property
Types of Funds
- Unrestricted Fund
- Used to support CFSOMD’s annual grantmaking. There are no restrictions on its use, but typically follows grant guidelines.
Ideal for: Bequests, CFSOMD’s board and friends, donors who want to give back to his/her community but not be directly involved.
- Field of Interest Fund
- Dedicated to a specific cause or "field" of grantmaking (e.g. arts, youth, education, environment). Allows CFSOMD to make grant decisions per fund agreement.
Ideal for: Bequests, CFSOMD board and friends, donors who are committed to certain causes but not specific nonprofits.
- Donor Advised Fund
- Like a private family foundation, allows donors to make grants from his/her fund. Final approval rests with CFSOMD. Successor advisors okay if included in fund agreement.
Ideal for: Donors who want to help decide on grants, but don’t want the hassle of setting up their own private foundation.
- Scholarship Fund
- Educational or vocational scholarships for area youth. Follows CFSOMD scholarship process and guidelines. Donor may participate in process, but can’t make final decision alone.
Ideal for: Bequests, donors who want help administering a scholarship program.
- Designated/Organization Fund
- Established by a donor to benefit a specific nonprofit. Can also be set up by a nonprofit to benefit itself. Funds are used solely to support named NPO beneficiary.
Ideal for: Bequests, nonprofit organizations and their board members, donors who are committed to helping a specific nonprofit.
- Supporting Organization Fund
- A separate 501 c 3 nonprofit under the umbrella of the Community Foundation. The CFSOMD must nominate 51% of this organization’s board; donor may nominate the rest.
Ideal for: Donors (for their professional advisors) who want more control and are willing to pay the extra set up charges.