| In South Haven, it Pays to Give |
| Individuals: Your $200 gift may only cost you $38. Assuming a Federal Marginal Income Tax Rate of 31%, the actual cost of your $200 gift to a foundation endowment fund could be as little as $38. Your savings would be $100 on your Michigan taxes (50% of the gift), plus $62 on your federal taxes if you itemize. Your total savings would be $162, making the true cost of your gift only $38. Married Couples: Your $400 gift may only cost you $76. Assuming a Federal Marginal Income Tax Rate of 31%, the actual cost of your $400 gift to a foundation endowment fund could be as little as $76. Your savings would be $200 on your Michigan taxes (50% of the gift), plus $124 on your federal taxes if you itemize. Your total savings would be $324, making the true cost of your gift only $76. Businesses: Your $10,000 gift may only cost you $3,300. The actual cost of a $10,000 gift to a foundation endowment fund could be as little as $3,300 (assuming a projected Michigan State Income Tax liability of $100,000 and a Federal Marginal Income Tax Rate of 34%). Your savings would be $5,000 on Michigan taxes (50% of the gift) and $1,700 on your federal taxes. Your total savings owuld be $6,700, making the true cost of your gift only $3,300. Note: This information is intended for explanation purposes only. Actual tax-related savings may vary depending upon your income level and tax bracket. Your personal tax advisor can assist you with tax credit arrangements. Your gift will be promptly acknowledged with a confirmation which includes indication of tax credit eligibility to be used in the preperation for your Income Tax Return. Residents of other states will want to review their possible state tax benefits. |
| Other Tax-Advantaged Giving Options |
| The following gift options have no provisions for income: |
 |
| Type of gift: 1. Bequest by Will 2. Life Insurance Policy 3. Outright Gift of Stock or Securities |
| Value to you: Provides estate distribution as desired and tax deductions. Tax deduction on premiums paid, dividends assigned, cash. Avoids probate and estate tax. Tax deduction based on market value of gift rather than your cost. Avoids capital gains tax. |
| If you need fixed income for your life or for a determined period of time, the following gift options may be right for you: |
| 4. Deferred Gift Annuity 5. Charitable Remainder Annuity Trust |
| Initial tax deduction on gift portion. Substantial tax exemptions on income payments. Reduced capital gains tax. Guaranteed retirement income. Initial tax deduction on value of remainder interest. No initial capital gains tax |
| If you need some income, but variable income is okay, the following gift option may be right for you: |
| 6. Charitable Remainder Unitrust |
| Initial tax deduction on value of remainder interest. No initial capital gains tax. Avoids probate and estate taxes. |
| Note: This is a 'representation' of gift options. It is in no way intended to replace the advice of your professional financial advisor. The intent of this information is to thelp you discuss them with your advisor. |