|Maureen became a Movin' Out board member after being a recipient of housing rehab funds. |
What are they?
Designated funds are an important tool for charities to broaden their financial base and attract donors who wish to support their work long-term. If the charity changes its mission or type of service, or if it dissolves, the foundation directs fund distributions to a comparable organization. Your philanthropic legacy continues to do the work you intended.
A designated fund may be created by an individual, family, group, business or charitable organization using an opening balance of at least $15,000.
View the list of Designated Funds at MCF
The organization you specify benefits from your fund - forever.
- The foundation can redirect the distributions should the specified organization change its mission or cease to exist.
- The organization that you designate will be monitored by our staff to ensure that the fund distributions are being used properly.
- Anyone can make a contribution to a designated fund. Designated funds grow over time with contributions and investment returns.
Designated funds can accept donations of almost any asset, including stock and real estate.
To learn more about designated funds, download a sample Designated Fund Agreement
. A new fund can be created in a matter of minutes.
Contact Amy Overby, Vice President, Donor Relations at (608) 232-1763.