Shaping Our Community for Good

 

Mission

The Mankato Area Foundation is a permanent, trusted resource that pairs donor giving with community initiatives critical to the shaping of Greater Mankato. The Mankato Area Foundation funds non-profit agencies through community grants in four core areas (education & community development, recreation, arts & culture, aesthetics) and through grants from donor-advised funds.

Vision

The Mankato Area Foundation works as a knowledgeable medium shaping the future of Greater Mankato by initiating, defining, leading and supporting philanthropic interests to make a difference in building a vibrant and strong community.

MAF in Our Community

Fund Types

Community foundations are a creative and flexible means for community-based philanthropy. Donors who want to give back to “Main Street” have a myriad of options. The role of the Mankato Area Foundation is to assist donors in structuring their gifts so both the donor and the community benefit from their charitable generosity.

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.
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.

What to Give

The Mankato Area Foundation knows the issues facing our community and we’re committed to shaping it for good. As a local partner for over 40 years, we’re here to help you create a giving program that works for you, your assets, your wishes and your goals.

There are many ways to give to the Foundation. You can contribute a variety of assets such as:

  • Cash gifts
  • Stocks and securities
  • Mutual funds
  • IRAs
  • Life insurance
  • Real estate
  • Assets of other trusts or of a private foundation

Work with our MAF team to find the right fit for you.

Learn how you can start to make an impact today.

Meet the Team