Generosity. For Good.

The Mankato Area Foundation provides a medium for people to make a difference by offering annual, lifetime and planned giving opportunities. After 40 years, the Mankato Area Foundation continues to help individuals and organizations achieve their charitable goals by offering a variety of giving strategies and funds.

As donors, you have the opportunity to shape your donation by choosing from flexible funding vehicles such as designated, unrestricted or donor advised funds. The Mankato Area Foundation currently manages funds that can provide donors with the benefits similar to a private foundation without the burden of start-up/management and brings to life their passions and charitable dreams.

BENEFITS OF A COMMUNITY FOUNDATION

Making your charitable contributions through the Mankato Area Foundation offers many advantages.

Simplicity
As a community foundation, we can serve as your “one-stop shop” for all of your charitable giving needs. We provide an easy and effective way to support the projects and issues you care about through a gift to a single organization.

Tax Benefits
Any gifts given to the Mankato Area Foundation receive the maximum tax advantages for income, gift and estate tax purposes.

Flexibility
As a community foundation, we can receive many kinds of gifts, including unique assets such as gifts of grain, land and stock. At the Mankato Area Foundation, we can help you and your financial advisor develop a personalized gift plan to meet your financial needs and all of your charitable intentions, now and in the future.

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.

Community Fund (Unrestricted)
Through the Community 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.
Designated Fund
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.
Scholarship Fund
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.

Planned Giving

The Mankato Area Foundation offers a wide range of planned giving/deferred gift options such as bequests, charitable remainder trusts, charitable gift annuities and charitable lead trusts. We will work with financial advisors to garner the best tax advantages and financial security while carrying on the donors legacy of giving. To learn more about Planned Giving, click here.

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

Who We Are

Since 1974, the Mankato Area Foundation has been dedicated to building a community of individuals that believe in the strength of giving. We continue today to shape Greater Mankato through connecting acts of giving with our community’s needs.

Location

Shared Spaces
127 S. 2nd Street, Suite 100
Mankato, MN 56001
507-389-4583
Info@MankatoAreaFoundation.com

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