Designated Fund

Indian Lakes, one of the premier county parks in the state, is one of the many outdoor recreation areas supported by a designated fund called Friends of Dane County Parks Endowment.

A designated fund provides a consistent stream of income a specific nonprofit or pgoram you care about—forever. The funds are used for general operations or a specific program to ensure a healthy and sustainable future for your charity of choice.

Designated funds are an important tool for charities to broaden their financial base and attract donors who wish to support their work long-term. If the charity changes its mission or type of service, or if it dissolves, MCF directs fund distributions to a comparable organization to ensure that your charitable giving continues to do the work you intended.  You can start a designated fund with a minimum of $15,000. 

Key Benefits of a Designated Fund:

  • The organization you specify benefits from your fund—forever.
  • Madison Community Foundation can redirect the distributions should the specified organization change its mission or cease to exist.
  • The organization that you designate will be monitored by MCF to ensure that the fund distributions are being used properly.
  • Anyone can make a contribution to a designated fund. The funds grow over time with contributions and investment returns.
  • Designated funds can accept donations of may types of assets, including stock and real estate.