Members of Madison Environmental Group volunteering to create landscaping for Habitat for Humanity
What are they?
A Passthrough Fund is like a charitable checking account. You
make a lump sum contribution to your passthrough fund at the Madison Community Foundation and recommend multiple distributions over time.
Rather than a permanent endowment fund where assets are pooled and invested, Passthrough Fund assets are placed in a temporary money market account so you can recommend distributions to the full balance of the fund. Passthrough Funds can be the solution to your year-end need for additional tax deductions. Let the Madison Community Foundation serve as the back-office for your immediate charitable giving needs. You tell us where you'd like charitable distributions directed, and we handle all the administration.
Click here to view a list of Passthrough Funds.
- A Passthrough Fund releases you from the burden of charitable giving paperwork.
- Financial advisors appreciate the simplicity and ease of Passthrough Funds to alleviate year-end tax challenges. A Passthrough Fund can be created in a few minutes.
- A Passthrough Fund may be created using many types of assets including appreciated securities and mutual fund shares.
- Charitable organizations can also open a Passthrough Fund to maximize donations for a capital campaign: check with the Foundation for details.