Maximum Giving Fund



Community volunteers create the foundation for Sun Prairie’s Firemen’s Park playground








Families and individuals interested in creating private foundations now have access to a more flexible option with the advent of a new fund type at Madison Community Foundation. The Maximum Giving Fund is a permanent, non-endowed fund which allows distribution of income as well as principal. The fundholder enjoys more charitable flexibility while having assets actively invested in funding the charities the donor wishes to support.

The Maximum Giving Fund is less costly to establish and maintain than a private foundation, in terms of both time and money. Our staff can help your client establish a fund in a matter of days. Your client will be spared the ongoing administrative work and investment management costs of a private foundation.  They can instead focus on their philanthropy and grantmaking, rather than legal, accounting and operational matters.

Click here to view details about the Maximum Giving Fund.

Click here to view a list of Maximum Giving Funds.

Fund highlights:

  • Minimum initial gift of $100,000
  • Can be added to at any time
  • Distributions of up to 20 percent of the balance each year
  • Minimum required balance of $50,000

As a public charity, Madison Community Foundation is granted certain tax advantages over private foundations.

These advantages include:

  • Higher deduction limits for donors.
  • No excise tax on investment income.
  • No minimum payout requirement.
  • No separate tax reporting on individual funds.

A fund at the Madison Community Foundation can also provide your client with anonymity and privacy not available with a family foundation.  

For more information on how a Maximum Giving Fund can assist your clients in meeting their philanthropic goals, contact Amy Overby, Vice President, Donor Relations, at (608) 232-1763.


 

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