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The Physicians Insurance Agency of Massachusetts-Advisors Charitable Gift Fund (PIAM-ACGFund)

PIAM, in partnership with the Advisors Charitable Gift Fund and Boston Private Bank has established a Donor Advised Fund exclusively for members of the Massachusetts Medical Society community.
  • As a Donor you make irrevocable charitable contributions to the fund in the form of appreciated securities or cash.
  • A fund is set up in your name and you receive tax benefits under current law.
  • You and/or your family members recommend grants to go to nonprofits in your community or elsewhere, your school, or other IRS approved charity.
  • You recommend allocation among several investment choices
  • Additional donations can be made at any time.
  • You receive quarterly statements of account balances, gift history, investment performance, and more.
 
DAFs are much simpler and more tax effective than private foundations. For details please see the comparison chart.
 
Donor Advised Funds: The Flexible Giving Alternative
 
For more information, please contact:
 
Richard B. MacKinnon
Senior Vice President
Ten Post Office Square,
Boston MA 02109
Phone: (617) 912-4287
 
 
 

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.