Donor Stories
Our Latest Donor Tells Her Story
Our latest donor asked that she remain anonymous. However, she agreed to tell us why she started a fund with the Community Foundation of Harford County. We will call her Stephanie.
Stephanie considers herself to be middle class. She has always been charitable, giving primarily to local charities. "I decided I wanted to give a gift that would be permanent and could give back long after I was gone. That is why I chose to start a fund with the Community Foundation of Harford County. Before I gave, I asked questions and became familiar with community foundations. I concluded this is the smartest way for me to give. There are so many categories of giving to choose from and I know my gift will be well invested and managed," Stephanie said. "Giving to the community foundation was so simple," Stephanie added.
Stephanie concluded, "This year, I will be giving about 10% of my after tax income to charity. That is more than I am normally able to give; however, recently I received reimbursement for some expenses. This enabled me to continue to give to the charities I care about and to increase my giving to start a fund with the community foundation."
Stephanie began an Accumulator Fund with CFHC. An Accumulator Fund is a starter fund. She has pledged to bring the fund to $10,000 within 36 months. All interest and principal will remain in the fund until the pledge is fulfilled. After that time, earnings from Stephanie's fund will be granted to local nonprofits.
