Fund Distribution Request
If you are a current Fund Advisor and would like to request a distribution from a Fund, please complete and return this form to our Finance and Program Director, Madison McDonnell, at [email protected]
Distribution Request Form
How do I establish a Fund?
Individuals, families, and businesses make gifts to existing funds or establish new funds at the Community Foundation. Gifts come in all shapes and sizes. In most cases, your gift qualifies for maximum tax advantages under federal law.
We accept a wide variety of assets and can facilitate even the most complex forms of giving. If at any time you have a question or would like to explore ways to maximize your impact and tax benefits of a particular giving option, our professional staff is here to help.
All gifts are invested for long-term growth.
A portion of the growth is available each year for grants or scholarships to nonprofit organizations and to support collaborative leadership activities to find solutions to challenges in our communities.
We provide highly personalized service tailored to each individual’s charitable and financial interests.
What is an Endowment?
Endowments are designed to keep the principal amount intact while using a portion of the investment income for charitable purposes. Earnings from endowments are used to make grants or award scholarships to honor donors’ wishes and address community needs.
When you establish an endowment your initial gift and all future contributions are a permanent source of community capital. This helps do good work from the moment you give, and into the future. As the fund grows, so will the portion available annually for charitable purposes.
What assets may I donate?
Giving is easy and can be accomplished with a variety of tax-deductible gifts, including:
- Cash: Cash is the simplest gift to give. You can combine multiple cash gifts over time to establish a fund at the MMACF.
- Stocks, Bonds, Mutual Funds: These often provide greater tax benefits than cash gifts of equivalent value, especially if they have a low-cost basis.
- 401K and IRA Accounts: Avoid the possibility of income and estate taxes by directing retirement assets to the MMACF as part of your estate plan.
- Life Insurance Policy: Give a significant future gift to a charity and receive tax benefits in the year of the gift.
- Charitable Bequest: A charitable bequest enables you to make a much larger and more significant contribution than may have been possible during your lifetime. In doing so, you may minimize your tax burden and provide for your family while at the same time honoring loved ones, preserving your family name, and reinforcing your personal values.