Enduring Impact. Easier Administration
Transitioning your private family foundation to a donor advised fund at Madison Community Foundation offers a streamlined, flexible and enduring way to continue your charitable giving. It preserves your philanthropic intent while easing administrative responsibilities so you can efficiently makes grants to the causes you care about.
If you would like to transition your private foundation but would prefer to keep working with your current investment advisor, MCF’s Third-Party Asset Management program may be a fit. It allows you to establish a donor advised fund at MCF while recommending your advisor to manage the gifted assets on MCF’s behalf.
An Easy Succession Plan for Your Foundation
Having a private family foundation allows you to support the organizations you value. But foundations also come with administrative burdens. Transitioning your foundation to a donor advised fund at MCF offers many benefits.
- Simplified administration. Eliminate the burdens of tax filings, legal compliance, and board and investment management while retaining the ability to recommend grants.
- Enduring community impact. Align your family’s philanthropy with trusted local expertise, amplifying your giving and connecting to evolving community needs.
- Flexible, lasting legacy. Engage successive generations or design a giving plan that carries forward your family’s values and giving.
Keep Your Advisor. Simplify Everything Else
If you’re considering a donor advised fund but want to retain the expertise of your investment advisor, MCF’s Third-Party Asset Management program can help. The program allows you to recommend your trusted investment advisor to manage the assets of your donor advised fund after they are contributed to MCF. MCF provides the charitable administration, oversight and compliance, while you continue to recommend distributions from your fund.
- You establish a new donor advised fund at MCF and elect Third-Party Asset Management at the time the fund is created (available only with new funds).
- You make an initial contribution of at least $2 million.
- Your investment advisor applies to be part of the program, and signs the Investment Management Agreement.
- MCF opens an account with your investment advisor, who transfers your gifted assets to the new account and continues to manage those assets within MCF guidelines.
- You recommend distributions from the fund to support the organizations and causes you choose.
Explore Whether This Is a Good Option for You
We would be happy to help you explore whether transitioning your private family foundation to a donor advised fund will help you continue to meet your charitable goals.
Watch Lau and Bea Christensen explain why they transitioned their foundation to MCF
Call our office at 608-232-1763 or send us an email.
