Tax Advantages

Are you looking for a less taxing way to give?

Giving through your community foundation qualifies you for big savings through the Michigan Community Foundation Tax Credit.

Michigan Community Foundation Tax Credit Examples:

Corporate Tax Savings
Amount of annual gift	$10,000
Single business tax credit of 50%	$5,000
Federal tax savings of 35%	$3,500
Actual cost of corporate gift	$1,500*
Individual Tax Savings
Amount of annual gift	$200
Michigan state tax credit	$100
Federal tax rate 36%
Federal tax savings	$72
Actual cost of gift	$28*
Married Tax Savings
Amount of annual gift	$400
Michigan tax credit	$200
Federal tax rate 31%
Federal tax savings	$124
Actual cost of gift	$76*
*Note: Actual cost is calculated in the year of the gift. This information is intended for explanation purposes only. Actual tax related savings may vary depending on your income level and tax bracket.

Download the Michigan Tax Credit Calculator here to find out your own tax benefits to giving. (Excel format)