Acorn Anniversary: Matches available for new fundholders
November 2009 marks the tenth anniversary of the Madison Community Foundation Acorn Fund program, an opportunity created for those who prefer to make smaller contributions over several years to build a fund to the $10,000 endowment level. To celebrate the occasion, individuals who have never before created an Acorn fund at MCF can start one in November.
- Funds must be started between November 1 and November 30, 2009
- The initial investment will be matched dollar for dollar up to $1000 per fund
- A limited number of matches are available on a first come, first served basis
- An Acorn “matures’ and provides distributions when the balance reaches $10,000
- To start an Acorn, contact Paul Houseman, Donor Relations Manager, at (608) 232-1763
MCF currently manages 218 Acorn funds and averages 20 new Acorn funds per year. Current and graduated Acorn funds total $2,645,380.57 as of 8/31/2009.
To learn more about Acorn funds, download the MCF Acorn Fund Fact Sheet and a sample Acorn Fund Agreement from our website:
Acorn Fund Information