Starting a Donor Designated Fund
|Indian Lakes, one of the premier county parks in the state, is one of the many outdoor recreation areas supported by the Friends of Dane County Parks Endowment.
A Donor Designated Fund provides a permanent stream of income to specific charitable organizations—forever. The funds are used for general operations or a specific program to ensure a healthy and sustainable future for their charities of choice.
You can start a donor designated fund with a minimum of $15,000. Donor 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.
Key Benefits of Starting a Donor 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 donor 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.