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Giving Opportunities There are many different ways for you to support the Central Montcalm Community Foundation. 1. Cash donations 2. Planned giving such as: - including CMCF in your will
- securities
- real estate
- life insurance
- retirement plans
- personal property
Types of FundsGifts may be made of any size to the Foundation. You may specify the fund you want your gift to endow. The following types of funds have been established: - Community - The foundation may direct grants to any area of need in the community.
- Education - Supports programs that meet the need of the community's youth.
- Field of Interest - Donors may be able to designate a specific area of interest.
- Legacy - You may set up a fund in your name, the name of a loved one or the name of a family.
A Gift to CMCF can help you save money on taxes...
Donors to the CMCF have diverse backgrounds but share a common commitment to their community's present and future well-being. The motive for giving may be diverse, nevertheless, wise donors do take advantage of tax-saving opportunities that exist. In addition to federal deductions, cash gift to the Foundation qualify for the 50% Michigan Tax Credit, so you can realize substantial tax savings. Let's say you are a married taxpayer and give CMCF a $400 cash gift. First, the State of Michigan gives you a tax credit for half of your contribution, in this case, $200. Then, depending on your tax bracket, you can reduce your federal income tax by claiming a charitable deduction, $56 (28% of $200). So your tax savings comes to $256, which means your $400 gift only costs you $144. Tax advantages include maximum deductibility for all types of gifts, as well as the complete avoidance of capital gains tax. The CMCF offers donors convenience, ease and simplicity in carrying out charitable giving. To make a donation, please download and complete this form.
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