Tax Information   Foundation Options   Gift Procedures   Planned Giving Services

Your clients can get the best tax deductions allowed by making their charitable gifts to the Community Foundation.

• Federal tax deductions - the Community Foundation is a 501(c)(3) public charity (Download Adobe PDF Document). As such, gifts to the Community Foundation qualify for the best income, gift, estate and generation-skipping transfer tax treatment allowed for charitable transfers.
• Gifts to an endowed fund at the Community Foundation qualify for a state of Michigan tax credit. This credit is in addition to the federal income tax deduction and the Michigan credits allowed for gifts to public institutions and food bank/homeless shelters. The credit is available to taxpayers subject to the Michigan Income Tax (Download Adobe PDF Document) and the Michigan Single Business Tax (Download Adobe PDF Document). The credits are equal to as much as 50% of the amount contributed, subject to certain limits.
• Funds established at the Community Foundation are not subject to any of the private foundation income taxes, excise taxes or 5% mandatory distribution rules. Please see the Foundation Options section for more information on how a fund at the Community Foundation is a competitive alternative to establishing a private foundation and how we can work with existing private foundations.

As always, please call us at (313) 961-6675 for more information on how the Community Foundation can be of assistance to you and your clients.