Frequently Asked Questions
Is there a minimum contribution required to open a fund with Chesapeake Charities?
Yes. Funds must be opened with a minimum balance of $5,000.
Should I apply to the IRS for a 501 (c) (3) designation?
No. If you establish a fund with Chesapeake Charities, contributions to your fund are tax deductible to the full extent of the law and are accounted for under our 501 (c) (3) designation.
How do I make a donation to a fund?
To make a direct donation simply mail a check payable to Chesapeake Charities, 101 Log Canoe Circle, Suite O, Stevensville, MD. Please note the fund name on the memo line.
If you would like to donate online using a credit card, go to the Contribute tab on this website, and click on “Our Funds”. Find the fund that you would like to support, then click the donate button and follow the directions.
How should I tell donors to address their checks?
Fund advisors and others associated with fundraising efforts should direct potential donors to make checks payable to Chesapeake Charities and place the name of the fund to which the contribution should be credited on the memo line.
Can I donate stock?
Yes, the Foundation will accept stock into a fund. To get transfer instructions or for other information please call us at (410) 643-4020.
How often do fund advisors receive statements?
Statements are provided quarterly, usually by the 15th of the month following the end of each quarter. Statements will be sent in April, July, October and January.
Who decides when funds will be dispersed? Is it a local decision or does the Foundation board decide?
Fund advisors make recommendations to Chesapeake Charities through a grant request form. The board reviews the request and, if appropriate, makes the grant. Grants are made every week throughout the year.