As our town continues to grow and evolve, we are seeking ways to build on the history and spirit of generous giving in Medfield by empowering donors who want to make a difference in their community now and in the future.
This year, in partnership with the Foundation for MetroWest, we are establishing the Medfield Foundation Legacy Fund. The goal is to create an endowment that can be utilized to support community-driven projects that will ensure a strong and vibrant community and be responsive to diverse needs and voices. We will be actively collaborating with the community to seek out new ideas and approaches to addressing “unfunded” needs once the endowment is established.
As a community foundation, we have the ability to support town agencies in addition to 501(c)(3) nonprofits. The endowment fund will not be a substitute for public support of the town’s operating and capital budgets or seek to replace other well-established fundraising efforts. Rather, MFi will use a grantmaking process to support projects that go beyond what is essential by fostering initiatives and programs that ensure that Medfield remains a town of unique character and value.
Some ways that we envision the MFi Legacy Fund can support the community include but are not limited to:
By making a contribution to the Medfield Foundation Legacy Fund, you are helping to build an endowment that strengthens the community while creating pride of place among residents today and for years to come.
How can I make a contribution? You may donate by check, credit card, stock, mutual fund or real estate gift, or through a donor-advised fund or private foundation. The Foundation for MetroWest staff can work with you and your financial advisor to review various planned giving options. Gifts may qualify for charitable donation tax benefits. Consult your tax advisor.
We have partnered with the Foundation for MetroWest in order to provide a permanent resource for grant-making in Medfield. Now that the fund is established, the Legacy Fund Community Board will accept proposals through an open application process. We welcome applications from private and public organizations with ideas for innovative programs and projects to benefit Medfield residents. All applications will be reviewed fairly and competitively by the Community Board.
Looking to make a high-impact donation that will truly support Medfield over the long run? Become a Founder today!
As an endowed fund, the principal will remain as a permanent asset for Medfield’s benefit into the future. Each year, spending will be limited to a fixed percentage of the fund, leaving the rest to continue to build for years to come. Distributions keep pace with new and emerging needs, and will be targeted to address social, cultural, environmental and educational issues confronting the Town and its residents. The endowment will be professionally invested by the Foundation for MetroWest.
The Foundation for MetroWest connects philanthropic opportunity with demonstrated need in MetroWest. The Foundation promotes philanthropy in the region, helps donors maximize the impact of their local giving, serves as a resource for local nonprofit organizations, and enhances the quality of life for all of our citizens. Since 1995, the Foundation has invested in the people and charitable causes of MetroWest and distributed over $10 million in grants to the community. For more information, please visit online at www.foundationformetrowest.org