Giving FAQ

Q: What is the Annual Fund?
The Annual Fund is a tax-deductible opportunity for parents, faculty, staff, alumni, and grandparents to support teaching and learning; what goes on in the classroom each and every day.

Q: How much should I give?
We hope that our parents will place Madison Academy among their highest philanthropic priorities while their children are students here.  Annual Fund gifts range from $5 to $5,000 or more.  We ask that each family give as generously as possible within their means.  Madison Academy needs and appreciates gifts of every size.

Q: What is a matching gift?
Matching gifts are often available through your employer’s matching gift program.  Please ask your human resources office if your employer has this program.

Q: What is a stock gift?
Gifts of common stock are often donated at calendar year-end, allowing the donor to receive the fair market value of appreciated securities at the time the gift is made while avoiding capital gains tax on the appreciated value of the stock.

Q: What is capital campaign giving?
Periodically the president and the Board of Trustees identify building projects, which require large sums of money for building and capital improvements. The most recent resulted in the construction of the Wilma Phillips Activity Center for Children at Little MA.  Yesterday’s visionaries provided today’s realities.  Our generation must plan for the needs of tomorrow’s student.

Q: How is that different from annual giving?
The Annual Fund is used for the annual expenses of the operating budget.  Capital giving is for building.  Annual funds help us live. Capital funds help us grow.

Q: What is planned giving?
Strictly speaking, every gift to Madison Academy is a planned gift.  That means that significant prayer, thought and consideration is given by the donor to make a contribution that is meaningful to him or her and the school.  The term planned giving is defined to mean a major gift that benefits the school over a longer period of time.

Q: What are examples of planned giving?
A planned gift can be a bequest for Madison Academy in your will.  There are trusts, and gifts of life insurance, retirement plan assets or property. For example, a donor might structure a gift that would provide life income, avoid capital gains tax, and pass assets to Madison Academy substantially free of taxes.

Q: What is an endowment?
Endowment funds are similar to a savings account or other financial assets which generate interest on the principal and/or capital gains.  Ideally, income from a growing endowment assists the operating budget, however; Madison Academy’s Scholarship Endowment helps us provide financial assistance to families with limited financial resources.

The responsibility for the success of these programs and continuing Madison Academy’s legacy is in the hands of everyone who has benefited from Madison Academy’s presence in our community.  Our ability to serve this community and the educational needs of its children relies on you and your ability to give.  Each and every gift is cherished by Madison Academy and reminds us all that what matters is not the size of the gift but the spirit in which it is given.

Remember to consult your attorney or financial advisor before making a decision on making a major gift.