What to Give Now

Professional Chef
Tory Burch  teaching REAP class students.


Any of the assets listed below can be accepted by the Madison
Community Foundation to create a new fund or add to an existing fund:

  • Cash
  • Electronic Funds Transfer 
  • Closely Held Stock
  • Mutual Fund Shares
  • Publicly Traded Securities
  • Real Estate

Cash

Cash, often in the form of a check, is a convenient way to create a new fund or add to an existing fund. Gifts of cash enable donors to claim a current tax deduction of up to 50 percent of adjusted gross income, and contributions over that limit can be carried forward for up to five subsequent years.  Checks can be mailed to the address below, a credit card gift can be made online using our Give Now secure server, or monthly contributions can be deducted from a savings or checking account by establishing an electronic funds transfer.   

Checks may be directed to the Madison Community Foundation with the fund name in the memo field.  Send to:

Madison Community Foundation
P.O. Box 5010
Madison, WI 53705

Contact Harmony Kronick, Operations Director, with any questions at (608) 232-1763.


Electronic Funds Transfer (EFT)


You can also make monthly recurring gifts to a fund at MCF using electronic funds transfer from your bank account.  Simply click here to print, complete, and return the form via mail or fax (608 232-1772) to set this up.

For any questions, contact Connie Tibbetts, Accountant, at (608) 232-1763.


Closely Held Stock

As an owner of a closely held or family business, you may be considering a family foundation, but have discovered that there are restrictions that apply to private foundations and closely held business interests.

A partnership with the foundation is a cost-effective way to maximize your philanthropic options while minimizing your tax liability. The foundation can be particularly helpful in the following instances:

  • Helping to pass ownership of your company to children or key employees while not straining available assets and liquidity.
  • Selling your company and planning to minimize estate taxes.
  • Getting equity out of your company to provide income.
  • Creating a family philanthropic program using the assets of your business.

Contact Ann Casey, Vice President, Finance and Operations, with any questions at (608) 232-1763.


Publicly Traded Securities and Mutual Fund Shares

You may be able to save on taxes when you contribute appreciated securities or mutual fund shares. At the same time, this may allow you to be more charitable than you thought possible.

That's because you receive a double benefit:

  • An immediate charitable deduction for the full fair market value of the donated assets
  • Exemption to any capital gains tax on the appreciation

The fair market value of contributed securities can be deducted up to 30 percent of your adjusted gross income. If the amount is larger than you can use in one year, the surplus can be carried over to up to five subsequent years.

Contact Ann Casey, Vice President, Finance and Operations, with any questions at (608) 232-1763.


Real Estate

Gifts of real estate may include a house, apartment building, farm, vacation home, commercial buildings and income-producing and non-income-producing land. You can make an outright gift of real property now or through your estate.

A gift of real estate that you have owned for more than a year entitles you to a tax deduction for the full fair market value of the property while allowing you to avoid paying capital gains tax.

Gifts of real estate typically require certain procedural steps, including a site visit to the property, a qualified appraisal, a preliminary title report and an environmental assessment.

Contact Ann Casey, Vice President, Finance and Operations, with any questions at (608) 232-1763.

Give to MCF Grantmaking


 

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