Strictly speaking, a community foundation is a “tax-exempt, non-profit, autonomous, publicly supported, philanthropic institution with a long term goal of building permanent, component funds established by many separate donors for the broad-based charitable benefit of the residents of a defined geographic area.” OK, so what does all that mean?
The Madison Foundation considers grant requests for projects that, in the judgment of its Board of Directors, will improve the quality of life in the Town of Madison. The Board has developed Guidelines to assist applicants for grants. Criteria include prospect for success, evidence of sound management practices, and attainable goals relevant to community needs.
There are many options for you to give back to your community, and to do so in ways that can provide beneficial tax outcomes. These include bequests by wills or trusts, charitable gift annuities, charitable remainder trusts, charitable lead trusts, gifts of real estate, retirement plan assets, and gifts of life insurance, to name just some.
You can make a difference by establishing a charitable fund with us. Your gifts will achieve positive results and, of course, maximize your tax deductions. You can involve your family in giving. You can create a fund in honor of someone you love, or to celebrate a special event. You can direct your gift broadly or narrowly to issues you care about, or to wherever the needs are greatest.
The Madison Foundation supports social, educational, environmental, recreational and cultural programs that enrich life in Madison, bringing together those who can contribute financially with those who can contribute with their desire, energy and time. Because our resources are limited, The Foundation provides seed money for programs that we anticipate will grow into self-sustaining efforts to serve our community and beyond. We encourage individuals and organizations who are inspired to serve Madison’s residents to contact us and submit an application for assistance.
N2N is an all-volunteer, highly successful, community-wide effort receiving volunteer and financial support from Madison residents and organizations. It is Madison neighbors helping Madison neighbors in need through challenging times.
If you could shop at Amazon and have .5% of of the price of your purchases donated to The Madison Foundation – AT NO EXTRA COST TO YOU – would you do it? Well now you can.
Now you can support The Madison Foundation right from Facebook! Just click the “Donate” button on our Facebook page or posts and select the amount of your tax-deductible gift.