
Council of
Michigan Foundations A communication of Michigan
Community Foundations' Ventures, a supporting organization of the
Council of Michigan Foundations, with support from the W.K. Kellogg
Foundation, and the C.S. Mott Foundation, and community foundations.
©
2003 Michigan Community Foundations' Ventures
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Are you looking for a less taxing way to
give? |
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Giving through your community foundation qualifies you for
big savings through the Michigan Community Foundation
Tax Credit. For example:
- Married donors, filing jointly, can receive a 50% tax
credit of up to $200 on a gift of $400 to a permanent
endowment fund.
- A single person can receive a $100 tax credit on a gift
of $200.
- Michigan businesses have the potential to receive up to
a $5,000 tax credit (not to exceed 5% of total Single
Business Tax) on a gift of $10,000.
The Michigan Tax Credit
Calculator Microsoft Excel .xls (33KB)
To open the calculator, left click on the link
above or:
| Download
Instructions |
Internet Explorer -
Right click the link and choose "Save Target
As..." Then save the file to the desired location on
your hard drive.
Netscape Communicator - Right click the
link and choose "Save Link As..." Then save the
file to the desired location on your hard drive.
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