Giving is an exhilarating, rewarding experience but can be complicated and confusing. It is not a one-size-fits-all proposition and making choices can be stressful. At the Mankato Area Foundation, we understand that and work closely with you to achieve your vision by offering charitable giving options that make the most sense for you.
To accomodate the various interests and needs of donors, the Mankato Area Foundation offers different types of funds.
Through an unrestricted fund, you help meet Greater Mankato’s current and future needs by making a gift that pools with the hundreds of other donor contributions to support the Foundation’s discretionary granting program. Grant making decisions are based on the Board of Directors’ recommendations.
Through a designated fund, you can provide ongoing financial support for one or more projects or purposes. We invest and distribute the income in the form of grants to organizations, programs and individuals that match your interests.
Donor Advised Fund
Through a donor advised fund, you can have a voice in your philanthropy and receive benefits similar to a personal or family foundation without the administrative duties. You recommend organizations and programs you want to support, or we can assist you in identifying organizations to support. The Foundation handles all of the grant administration. You can contribute to the fund when it is most convenient for you and, subject to IRS rules, receive a tax deduction for your contribution. What’s more, you can appoint others, such as your children or grandchildren, to serve as advisors and share in your family’s tradition of giving and growing a legacy.
These funds allow donors to create a legacy of giving to individuals with educational goals. MAF works with donors to develop criteria and monitor the selection process.