Community Trust Foundation

Ways to Give

Private donations are the building blocks of the Community Trust Foundation. It’s easy to create a new Fund at CTF to reflect your own charitable interests. We’ll work with you to define your charitable dream and determine the fund type that best meets your unique needs. We help make your charitable dream become reality by providing administrative services and financial management for your philanthropic fund.

Private Donations

Private donations are the building blocks of the Community Trust Foundation. It’s easy to create a new Fund at CTF to reflect your own charitable interests. We’ll work with you to define your charitable dream and determine the fund type that best meets your unique needs. We help make your charitable dream become reality by providing administrative services and financial management for your philanthropic fund.

There are two basic ways of giving: Direct Gifts and Planned Gifts.

Direct Gifts

These are gifts of cash, property, financial assets, royalties, intellectual property rights, etc. which are made during your lifetime to create a fund or contribute to an established fund.

Cash/Checks

You can transfer shares of a mutual fund to the Community Trust Foundation and receive an income tax deduction for the market value of the shares transferred. No capital gains taxes are paid by you or by the Foundation on the sale of the assets.

IRA

If you are over 70-1/2, you may be able to take advantage of the law allowing an individual to make a gift to charity out of an IRA (a Qualified Charitable Distribution or QCD), without having to pay taxes on the amount withdrawn. There is no accompanying charitable income tax deduction, but under current tax law this type of gift could be a tax-free transaction. Learn more here.

Mutual Fund Shares

You can transfer shares of a mutual fund to the Community Trust Foundation and receive an income tax deduction for the market value of the shares transferred. No capital gains taxes are paid by you or by the Foundation on the sale of the assets.

Stocks or Bonds

Individual stocks and bonds can be gifted to the Community Trust Foundation. You receive an income tax deduction for the market value of the assets transferred. No capital gains are paid by you or by the Foundation on the sale of the assets

Real Estate

Gifts of real estate, such as a house, land, or vacation home can make a great gift to the Community Trust Foundation. You can receive a tax deduction for the value of the gift and eliminate capital gains taxes on the portion gifted.  Each gift of real estate is unique and will be reviewed on a case-by-case basis.

Planned Gifts

These are gifts made from your estate. Commonly used forms of planned gifts are:

Life Insurance

Life insurance is a simple way to make a future gift. You can designate Community Trust Foundation as a beneficiary to receive a percentage of the proceeds of an existing policy.  Or if your life insurance has a cash value, you can gift the policy to the Foundation, and it will surrender it, without penalty, for the cash value. You receive an income tax deduction for the cash value.

Gifts Through Your Estate

One of the simplest ways to make a gift to the Community Trust Foundation that will live on after you is to give through your will or trust. You can make a bequest to benefit one or more charitable organizations through an existing fund or create your own at the Foundation. We provide an extra level of assurance that your charitable intentions will be fulfilled. Sample Bequest Language.

All gifts are subject to the approval of the Community Trust Foundation Board of Trustees. CTF’s gift acceptance policy is available upon request.

State Tax Credit Programs

These gifts can be made in the form of check, online, stock, or IRA.

Endow Maryland

The “Endow Maryland” tax credit encourages charitable giving in Maryland by offering a 25% state tax credit for donations of $500 or more to permanent endowed funds at the Community Trust Foundation (CTF) in Allegany and Garrett Counties. Learn more →

West Virginia Neighborhood Investment Program

The “WV NIP” tax credit program offers a 50% state tax credit for donations of $500 or more to the Meals on Wheels Endowed Fund at the Community Trust Foundation.  Learn more →

Community Trust Foundation

Start a Fund

Establishing Fund Guidelines

With gifts of $10,000 or more you may create a new fund for your charitable intention, name your fund, and establish the criteria for awarding grants. With gifts of less than $10,000 you may contribute to an established fund or join with others to create a new fund to support a community need. 

The Community Trust Foundation strongly encourages potential donors to consult their legal and tax advisors prior to making a gift to determine the most appropriate form of direct or planned giving for the donor’s individual circumstances.

Heritage Circle

The Heritage Circle of the Community Trust Foundation honors individuals who have pledged a financial contribution through a planned gift. Membership in the Heritage Circle is extended to philanthropists who support CTF’s mission of building stronger, more vibrant communities through their estate planning. Furthermore, the Heritage Circle celebrates their generous intentions and thanks them for making a positive difference in our region for good and forever.

Community Trust Foundation

Fund Management 

J. Eric Delaney, CFP, Vice President & Senior Wealth Advisor<br />

Investment management for the Community Trust Foundation is provided by First United Bank & Trust.

Investment Managers:
J. Eric Delaney, CFP, Vice President & Senior Wealth Advisor
Jill Brooks, Trust Administrator

Larry Boggs, President / Founder, Boggs & Company
Boggs & Company

Investment management services also provided by Boggs & Company Wealth Management.

Investment Managers:
Larry Boggs, President / Founder, Boggs & Company

Regis Larkin, Senior Vice President, Financial Advisor, Morgan Stanley.
Morgan Stanley

Investment management services also provided by Morgan Stanley.

Investment Managers:
Regis Larkin, Senior Vice President, Financial Advisor, Morgan Stanley.

The Community Foundation recognizes stewardship of the assets entrusted to us as one of our most important responsibilities. As a public charity, we adhere to the highest standards of operational excellence and are confirmed in compliance with National Standards for U.S. Community Foundations.

Professional Advisors

Community Trust Foundation (CTF) also works with professional advisors to enrich the charitable giving strategies of their clients. Whether you are a financial advisor, attorney, or CPA, we believe Professional Advisors are our partners in charitable giving.