Ways To Give
Gifts can be made to the Madison County Community
Foundation in honor of a special occasion such as a wedding,
anniversary, birthday or memorial. You may also give to a particular
fund or area of interest or to our unrestricted endowments that provide
support to the ever-changing needs in a community.
A named permanent fund can be created with a gift of $5,000 and an
endowed scholarship can be created with a gift of $10,000. Assets that
can be gifted include cash, securities, closely held stock, mutual
funds, real estate and insurance policies.
The
Madison County Community Foundation also receives a portion of its
principal from bequests by people who wish to continue their support of
the county beyond their lifetimes. The Foundation can be an effective
part of a donor's estate planning. Different options available are:
Charitable
Gift Annuities - During your lifetime you receive income from your gift
and after your death the remaining portion of your gift becomes a
permanent fund within the Foundation supporting the charitable purposes
you care about in the name you have chosen.
Life
Insurance Policies - Some donors decide to make a gift by assigning a
life insurance policy to the Community Foundation. You secure or
transfer a policy and name the Community Foundation as owner and
beneficiary. Your premiums are tax deductible and upon your death a
permanent fund is established with the name you have chosen. This named
fund then supports the charitable purposes you have identified.
Charitable
Remainder Trust - By transferring property of some sort to a Charitable
Remainder Trust, the trust provides you or another beneficiary a fixed
or variable income for life or a fixed amount of time. When the trust
expires, the remainder is used to establish a permanent fund again in
the name you have chosen and for the charitable purpose you have
identified. Click here for Charitable Gift Annuities.
Retirement
Plan Assets - By naming the Madison County Community Foundation as the
beneficiary of all or part of the balance of a pension or retirement
fund, you remove that asset from your estate. Through the Community
Foundation you may distribute your retirement plan after death in a way
that is tax-wise for your family and that creates a fund in the
Foundation that benefiting the community.
