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Planned Giving for Your Clients

Madison Community Foundation offers convenient and flexible gift and planning options so your clients can create the legacy they want.

Working with MCF is as easy as 1-2-3

  1. We discuss your client’s charitable interests, goals and time frame.
  2. We draft a Legacy Letter of Understanding between your client and MCF that identifies how they would like their gift to make an impact, and how they would like to be recognized.
  3. Your client’s estate planning document names MCF as a beneficiary.

Include MCF in Your Client’s Estate Plan

Your clients can accomplish their charitable giving goals through their estate plan in a variety of ways. If your client chooses to make MCF part of their estate plan, let us know. This ensures we understand how your client would like their giving to make a difference, and how they would like to be recognized. It also allows your clients to become part of our Legacy Society and receive special benefits. Estate donors may also be anonymous.

Retirement Plan Assets

Naming MCF as a beneficiary of retirement funds, such as an IRA, 401(k) or 403(b) plan, is a simple and effective way for your client to benefit the community while avoiding significant, often unanticipated, tax liabilities.


A bequest through a will allows your client to support charitable interests while retaining control of their assets during their lifetime. Bequests can be a specific dollar amount, a percentage or the remainder of an estate. Bequests earn a full charitable deduction on estate taxes. MCF accepts cash, real estate, appreciated securities and other assets.

We recommend a general designation to MCF partnered with a Letter of Understanding between your client and MCF that more fully describes your client’s wishes. Your client can change or update the Letter of Understanding at any time.

Life Insurance

Funding legacy giving with life insurance proceeds is easy with MCF. If the policy premiums are complete, your client can name MCF as beneficiary. If your client is still making premium payments, they can irrevocably assign the insurance policy to MCF as beneficiary and continue to make annual tax-deductible contributions to cover the premium.Create a Charitable Gift Annuity

Create a Charitable Gift Annuity

With a Charitable Gift Annuity (CGA), in exchange for a tax-deductible gift of assets, typically cash or stock, MCF pays your client a guaranteed lifetime income. Your clients can choose to create an annuity for one or two people, and can begin taking payments immediately or defer them. Your client designates the remainder of the annuity to an existing endowment fund at MCF or to establish a new endowment.

Your client must be at least 60 years old to qualify for a CGA. Payment rates are more favorable for older individuals. Your client receives significant tax benefits, including an immediate charitable tax deduction for a portion of the gift amount, and a portion of each annuity payment is considered a tax-free return of principal.

Creating a CGA requires an initial minimum gift of $10,000 if the remainder will benefit an existing foundation endowment, or an initial minimum gift of $30,000 if your client would like to designate the remainder designated to a new endowment fund.

Download a CGA Fact Sheet [PDF] to learn more.

Giving Options for Your Clients

MCF can assist you and your clients with charitable planning that incorporates their philanthropic goals with their personal financial goals.

More about MCF’s giving options


Legacy Options for Your Clients

With planned giving, you can help your client make a gift that will benefit the causes they care about for years to come.

More about MCF’s legacy giving options