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Choice
Donors may determine the charitable purposes for which their
gifts are to be used or may leave that decision to the Foundation's
Board of Trustees.
Simplicity
While there are many reasons why donors choose to create funds
in the Foundation, the procedure to set up a Fund is simple
and straightforward. It usually involves one visit to the
Foundation office.
Flexibility
Donors can accomplish nearly any charitable intent by creating
a Fund from among the several fund types offered by the Foundation.
Each Fund is tailored to meet a donor's specific charitable
needs, interests, and goals.
Gift
Options
Almost any asset of value can be considered for a contribution.
Gifts to the Foundation can be made during the donor's lifetime
and/or through deferred gifts and bequests.
Tax
Benefits
Foundation gifts, either during a donor's lifetime or by bequest,
qualify for maximum deductibility for income, gift, and estate
tax purposes. They are also eligible for a special tax credit
unique to the Michigan's Community Foundations. Click here
to learn more about the Michigan
Tax Credit.
Permanence
Gifts to the Foundation keep giving in perpetuity because
the Foundation generally distributes only a portion of the
income for grants, not the principal of the contribution.
This ensures a lasting source of charitable funding for a
donor's favorite charitable causes and programs.
Professional
Management
All Funds are managed and closely monitored by professional
investment managers with the Foundation's Investment Committee
reviewing the investment performance of all Funds on a regular
basis. Funds are pooled for investment purposes to increase
their charitable impact while providing a better investment
return.
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