Options for Giving

Madison Community Foundation accepts a wide variety of assets, giving your clients a range of options for funding their charitable giving, now or through their estate plans.

MCF can accept many types of gifts to existing funds or to establish new funds:

• Cash – In addition to accepting gifts made using check and credit cards, we can set up monthly contributions from a savings or checking account through an electronic funds transfer.
• Stocks and Mutual Fund Shares – MCF can accept gifts of securities and mutual fund shares, allowing your clients to avoid capital gains tax on any appreciation and receive an immediate charitable deduction for the full fair market value of the donated assets.
• Closely Held Stock – MCF may accept gifts of closely held stock on a case-by-case basis. If MCF accepts the gift, your client will receive more favorable tax treatment making the gift to a donor advised fund, rather than a private family foundation.
• Real Estate – MCF may accept gifts of residential, commercial, industrial or undeveloped property on a case-by-case basis. If MCF accepts property your client has owned for more than a year, your client may be able to avoid capital gains taxes and be entitled to a tax deduction for the property’s full fair market value.
• Qualified Charitable Distribution – Your clients who are 70 1/2 or older can make charitable gifts directly from their individual retirement accounts (IRA)s to MCF or other qualifying charities. These gifts will satisfy their required minimum distribution (RMD) for the year and reduce their taxable income, while allowing them to give pretax dollars to charity.
• Life Insurance – Your clients who would like to fund their legacy using life insurance proceeds can name MCF as a beneficiary if their policy premiums are complete. Or they can assign their policy to MCF and make tax-deductible contributions to cover the premium payments.
• Retirement Plan Assets – Your clients can use their IRA, 401(k) or 403(b) plan to fund their giving by naming MCF as the plan beneficiary.
• Bequest in a Will – Your clients can make bequests of a specific dollar amount, a percentage of their estate, or what remains after other bequests, such as those to family members, are satisfied. You can find sample language here.