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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:
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Download Instructions
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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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