2025…Big incentives for starting or growing an endowment fund at MCF
The Morton Community Foundation is excited to announce four major giving incentives for 2025, the year of our 25th Anniversary, that help donors make an even greater impact in the community.
There may have never been a more advantageous time for someone to make an impact with their donation to the MCF. Not only will you personally benefit from some impressive matching funds and tax benefits, but you will be growing an endowment fund that provides an annual source of revenue for your favorite charity or cause. Check out the incentives below. You may be able to layer some or all of the benefits!
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The Kuhl Fund matches donations to new or existing endowment funds at MCF:
• $0.50 match per dollar on single gifts of $5,000 to $20,000. (Example: $5,000 donation = $2,500 match; $20,000 or more donation = $10,000 match.)
• Eligible Funds: Endowment funds only (non-endowed funds do not qualify). Match does not qualify when establishing a new endowed Scholarship fund.
• Matching Cap: $100,000 in matching funds is available for 2025—first come, first served.
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Through this program:
• Donors to qualified endowment funds can receive a 25% Illinois state tax credit on contributions.
• Tax credits are capped at $100,000 per donor annually (up to $400,000 in donations).
• $5 million in tax credits are available statewide for 2025, with 25% reserved for contributions of $25,000 or less.
• MCF can receive up to $3 million in qualified contributions.
Act quickly—credits are first-come, first-served.
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The Caterpillar Foundation offers a year-round Matching Gifts Program that matches employee and U.S. retiree donations to eligible charities on a 1:1 basis, up to $10,000 per participant annually.
This means that if you are a Caterpillar employee or retiree, your donation to the Morton Community Foundation can be doubled, significantly enhancing your contribution to the community.
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Donating appreciated stock offers unmatched tax benefits, such as avoiding capital gains tax on the appreciated value while deducting the full fair market value of stock held for more than 12 months.
For example, if you purchased Apple stock 10 years ago at $20 per share, a gift of 100 shares now worth $20,000 would have cost you just $2,000. You avoid taxes on $18,000 in gains and can deduct the full $20,000 as a charitable deduction for tax purposes.
Stock donations are easy, take minutes online, and are completely free for you and your advisor. Learn more on our website, or call for a no obligation discussion.
Make a Difference Today
These 4 programs amplify your impact while offering significant tax benefits, especially if your donation qualifies for several, or all the above incentives. Whether supporting the Morton Public Library, education, or other local non-profit organizations, your gift goes further in 2025.