Madison Community Foundation accepts a wide variety of assets to start a new endowment fund or add to an existing fund.
In addition, MCF can facilitate gifts now, during your lifetime, as well as through your will or estate plan.
We accept checks, credit cards, and monthly contributions from a savings or checking account through an electronic funds transfer. Checks may be made payable to Madison Community Foundation, with the name of the fund included in the memo field. Checks should be mailed to: Madison Community Foundation, 2 Science Court, Madison, WI 53711. For an electronic funds transfer, we can easily set that up for you - simply download the EFT Form [PDF] to print, complete, and return the form via mail or fax (608-232-1772).
Stocks and Mutual Fund Shares
Giving appreciated securities and mutual fund shares offers an immediate charitable deduction for the full fair market value of the donated assets, as well as avoidance of any capital gains tax on the appreciation. Give these instructions (download the PDF here) to your broker if you wish to contribute shares of publicly traded stock. Please contact us to discuss how to transfer mutual fund shares.
MCF may accept gifts of closely held business interests on a case-by-case basis.
Life insurance is one of the easiest ways to make a forever charitable gift. If the policy premiums are complete, simply name MCF as beneficiary. If premium payments are needed, irrevocably assign your insurance policy to MCF as beneficiary. Then make annual tax-deductible contributions to cover the premium. When making your beneficiary designation, use the following - Legal Name: Madison Community Foundation, Tax ID: 39-6038248
Gifts of real estate may include residential, commercial, industrial or undeveloped property. You can make a gift of real property now or through your estate plan. A gift of real estate you have owned for more than one year may entitle you to a tax deduction for the full fair market value of the property while allowing you to avoid capital gains taxes.
MCF may accept gifts of real estate on a case-by-case basis.
Retirement Plan Beneficiary Designation
Naming MCF as beneficiary of your Individual Retirement Account (IRA), 401(k) or 403(b) is an economical alternative to family beneficiaries due to the taxes incurred by individual recipients. Completing a Legacy Letter of Understanding [PDF] outlines your desires to start a new fund or add to a current fund. When making your beneficiary designation, use the following - Legal Name: Madison Community Foundation, Tax ID: 39-6038248
Charitable Gift Annuities
A charitable gift annuity (CGA) is a simple agreement between you and MCF offering significant tax and financial benefits. In exchange for a gift of assets, typically cash or publicly traded stock or mutual fund, MCF pays a guaranteed lifetime income. You can create an annuity for up to two people, and payments can begin immediately or be deferred to a later time. The donor designates the remainder of the annuity to a current MCF fund or starts a new fund as a legacy gift.
Bequest in a Will
Naming MCF as a beneficiary in your will allows you to support your charitable interests while retaining complete control of your assets during your lifetime. Bequests can be a specific dollar amount, a percentage of your estate, or what remains after other bequests, such as those to family members, are satisfied. We recommend a general designation to MCF (suggested sample language) partnered with a Letter of Understanding [PDF] between you and MCF that more fully describes your wishes. The LOU can be changed or updated at any time.