Fund Advisors
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 Kaitlin Deschane, our Program Director, at kaitlin.deschane@mmacf.org
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.
Additional Information
Our Current Funds
Crivitz Area Giving Fund
Peshtigo Area Community Fund
Women's Giving Circle Fund
Learn
Type of Funds
Gift Acceptance Policy
Council of Michigan Foundations
Council on Foundations
National Standards
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.
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 are the advantages of partnering with the Community Foundation?
Community Leadership
- We are a community leader, coordinating collaborative resources to create positive change.
- We have an in-depth understanding of the issues, opportunities, and resources that shape our community.
- By awarding grants and scholarships, we invest in the long-term success of organizations and bring people together to address local issues and opportunities.
- Our business is in building community and helping the places we call home continue to flourish and grow.
Personalized Service
We offer tools and resources that make giving easy, flexible and effective. We take it a step further by connecting you with non-profit organizations that seek monetary assistance for projects and programs in our communities. In addition, we conduct site visits to ensure your resources are used as directed.
Local Expertise
We are a local organization staffed with people from your community and led by a local Board of Directors. Our team has in-depth knowledge of the issues, opportunities, and resources that shape our communities, enabling them to play a key role in solving community problems, while helping donors learn more about local needs in order to make giving as effective as possible.
Types of Funds
Unrestricted Funds
Unrestricted Funds are established by donors, often as named funds, who wish to support current changing community issues or needs as determined by the Foundation. These funds are the Foundation’s most responsive vehicle to address changing needs.
Field of Interest Funds
Field of Interest Funds focus on a particular area of interest or cause, but not on a particular organization. Funds are distributed annually through a grant application process to address a particular area of interest such as education, health, youth, the environment, etc.
Donor-Advised Funds
Donor-Advised Funds allow donors to work actively with the Foundation in selecting charitable recipients. Donors, or their representatives, recommend grants. These recommendations are advisory and the Foundation’s governing body has legal control over all distributions.
Donor Designated Funds
A Designated Fund allows the donor to select a specific organization or area of interest to receive support via annual distributions.
Scholarship Funds
A Scholarship Fund is an endowment established for the benefit of students in Marinette & Menominee Counties. Eligibility for the scholarship and the responsibilities of the donor and the Foundation is spelled out in detail. The donor may also specify the committee or group that will decide on the individual scholarship recipient, amount, number of years of the award, choice of major/career, enrollment at certain schools, and criteria for continued receipt of the award.
Agency Funds
Agency Funds allow charitable agencies and organizations to place their endowed funds with the Foundation for management and investment purposes. At the direction of the organization, income may be distributed back to them for their general purposes.
Project Funds
Project Funds are special funds developed between the Foundation and an organization or other group. An example of a Project Fund is a Capital Campaign or special project where the agency needs to raise funds.
For more information, please contact our office at 906-864-3599.