How to Give
There
are many options. Choose the one that's right for you.
Named Fund
If your gift meets a minimum of $5,000, we can establish a
fund in your name (or the name of your family, an organization,
or any person you wish to honor). All grants distributed from
your
fund—today and in the future—are awarded in your
name. You will always be remembered and linked to good works
on Mackinac.
Outright Gift
You can transfer cash, stocks, bonds, real estate, or personal
property to the Mackinac Island Community Foundation. Your
gift qualifies for maximum charitable benefit under state
and federal law.
Bequest
You can designate a gift or portion of your estate to the
Mackinac Island Community Foundation, and in some cases, receive
a substantial reduction in federal gift and estate taxes.
Gift Annuity
You can transfer cash or property to the Mackinac Island Community
Foundation now, get immediate tax benefits, and ensure that
you or a loved one receive fixed quarterly or annual payments
for life.
Charitable Remainder
Trust
You can place cash or property in a trust that pays annual
income to you or another named beneficiary for life. After
your death, the remainder of the trust transfers to the Mackinac
Island Community Foundation, and is placed in a charitable
fund you select. You receive tax benefits the year you establish
your trust.
Charitable Lead Trust
You can place cash or property in a trust that pays a fixed
amount to the Mackinac Island Community Foundation for the
number of years you select. Once this period ends, the assets
held by the trust are transferred to the beneficiaries you
name. In some cases, you receive a substantial reduction in
federal gift and estate taxes. Every donor has unique charitable
interests and personal financial circumstances.
Unrestricted Funds
You can use your gift to meet ever-changing community needs
(which often cannot be anticipated at the time your gift is
made). We evaluate all aspects of community well-being: arts
and culture, economic development, education, environment,
health and human services, neighborhood revitalization, and
more. Your unrestricted gift is then used to make a difference
where it is needed most.
Field of Interest Funds
You can target your gift to address needs in an important
area of community life. Arts. AIDS. Aging. At-risk youth.
You identify your personal interest area when making your
gift. Our board awards grants to community agencies and
programs that are making a difference in the area you select.
Designated Funds
You can direct your gift to a specific agency or purpose.
Help provide ongoing funding for the Mackinac Island Medical
Center, the Humane Society, the Mackinac Island Public Library,
your church, or virtually any non-profit charitable organization.
You identify the recipient you wish to benefit through your
gift; our staff manages the annual distribution of funds.
Advised Funds
You can have ongoing involvement in the use of your gift.
You work with our professional grant-making staff, identifying
ways to use dollars from your advised fund to address the
community needs you care about most. Your
recommendations are submitted to our local board of trustees
for approval; we then manage distribution of your grant dollars.
To contribute:
Donate on-line!
Contact the Community
Foundation for more information.
Download
a contribution coupon (PDF format) to mail to MICF
or
click
here to access and print the Contribution Coupon page. |