Tax Advantages
Charitable gifts to AAACF yield immediate and maximum tax benefits. Because the Foundation is a public charity,
contributions qualify for the maximum deductibility under federal income tax codes for income, gift, and estate
tax purposes.
Michigan donors who make gifts to permanently endowed funds at community foundations can take advantage of a
special State tax credit in addition to available federal deductions.
Tax considerations will vary according to assets. As a general matter, cash contributions are deductible up to
50% of adjusted gross income (AGI), while gifts of highly appreciated securities and property are deductible up
to 30% of your client's AGI. Learn more about the
types of assets we accept and the tax deductibility associated
with each type of gift.
About the State of Michigan Tax Credit
Community Foundation Tax Credit (Corporate)
Community Foundation Tax Credit (Individual)
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