How to Establish an Account
Under current law, contributions to ACGFund are eligible for current year tax deductions, and are then available for a donor to recommend as grants now, or in the future. In addition, contributions have the opportunity to grow and help make a greater charitable impact through the ACGFund’s investment pools, which benefit from the management of Boston Private Bank’s experienced portfolio managers.
- Establish an account. Click here to download the forms to open an account.
- Make an initial contribution and become eligible for an immediate tax deduction. Make an irrevocable contribution of $25,000 or more in cash (by check or wire) or securities. Build the balance by making additional contributions of $10,000 or more at any time.
- Recommend how contributions are invested. The ACGFund allows donors to recommend one, or a combination of, investment pools managed by Boston Private Bank & Trust Company. See investment options.
- Support favorite charities. Any IRS-qualified public charity is eligible — those that have been supported for years or recently discovered ones. Recommend grants of $250 or more via fax or by mail. Learn more about supporting charities.
- Leave the paperwork to the ACGFund. The ACGFund makes philanthropy as simple as it is effective. Donors will receive a confirmation for each grant and contribution, quarterly summaries of all ACGFund activity, and the Fund’s investment performance, as well as an annual statement of activity.
For further information, please contact:
Richard B. MacKinnon
Senior Vice President
Boston Private Bank & Trust Company
Ten Post Office Square
Boston, Massachusetts 02109
Telephone: 617-912-4287
Click Here to send an inquiry via email
Advisors Charitable Gift Fund is recognized by the Internal Revenue Service as a public charity under IRS Code Section 501(c)(3). Therefore, donations to the fund are irrevocable charitable gifts when made and cannot be returned. Please consult your attorney, tax advisor, or other appropriate advisor before changing or implementing any financial or tax strategy.
Investments are not FDIC insured, are not a deposit, have no bank guarantee, and may lose value.
