At Madison Community Foundation, any philanthropic goal can be fulfilled.
Read about how legacy giving was facilitated by area advisors for their clients, and then call us to develop a plan tailored to the wishes of your client.
The donor’s two children will advise annual distributions from the fund. One daughter has lived in Portland for many years and will likely advise distributions to projects and organizations she is involved with in that area. The other daughter lives in the Madison, and will continue to give to her mother’s favorite charitable causes in the arts, environment, and early childhood education.
The donor’s bequest immediately distributed the following: 1) A variety of small, one-time gifts to 20 different Wisconsin and national charities, 2) A distribution to the UW Foundation to create a new scholarship in the donor's name; and 3) A distribution to establish a scholarship fund to be managed by MCF, with an annual award provided to a Middleton High School student. The remaining funds created a permanent endowment to be advised by the donor's three adult children.
The donor’s bequest created a field of interest fund that makes grants to support neighborhood and community centers in Madison. Grants are recommended by MCF staff and approved by the MCF Board of Governors. Grants from the fund have been used to support capital campaigns, technology equipment, food pantries, and youth programs at the community centers.
The donor’s bequest created a permanent endowment fund, named after the donor, which supports MCF's competitive and proactive grantmaking. Since the fund was established in 1991, grants have totaled 125% of the original gift.
The donor’s bequest was added to his existing passthrough fund. Each year, 20% of the current balance of the fund will be distributed to 30 different organizations in proportions established by the donor. When the fund balance falls below a defined amount, the entire balance of the fund will be distributed at that time. MCF reports on distributions made on an annual basis to the donor’s son. If any of the named organizations cease to exist, MCF, in consultation with the son, will direct the share of the annual distribution to another organization with a similar mission.
Community foundations are flexible and long term. If a donor wants to give back to their community, that’s the vehicle.”
– Carol Toussaint, donor, Legacy Society member
To help your client leave a legacy, visit our Legacy Giving page
Ann Casey(608) 232-1763Email Ann
(888) 400-7643 Email
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