You can receive the best tax benefits available under the law by working with the Community Foundation.

• Federal tax deductions - the Community Foundation is a 501(c)(3) public charity. As such, gifts to the Community Foundation qualify for the best income, gift, estate and generation-skipping transfer tax treatment allowed for charitable transfers.
• You avoid capital gains taxes on gifts of long-term appreciated assets such as stock (both public and privately owned companies) and real estate. Your deduction will be valued at full fair market value, but you won't have to recognize the built-in gains as income.
• Funds established at the Community Foundation are not subject to private foundation income taxes, excise taxes or 5% mandatory distribution rules.
• 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 and the Michigan Business Tax. The credits are equal to as much as 50% of the amount contributed, subject to certain limits.

In addition to the many tax benefits you receive, you also get other benefits, including:

• No start-up fees for creating a fund at the Community Foundation.
• Cost savings realized for administration and investment services due to our size and professional staff efficiency. Please call us (313) 961-6675 to learn more about the many benefits of working with the Community Foundation.

Attachment	Size
501c3Letter.pdf	28.54 KB
MichiganBusTaxCred2009.pdf	44.2 KB
MichiganIncomeTaxcredit.pdf	13.24 KB