Is the Charitable IRA right for you?
Through 2009, retirement assets may become a preferred charitable gift for seniors. IRA distributions to charity can now receive new tax advantages. Americans age 70½ and up can make tax-free IRA contributions to public charities such as your community foundation.You may qualify for an extraordinary tax incentive if you:
- Need to take a Required Minimum Distribution (RMD) from your IRA in 2009 and want to exclude the RMD from your taxable income
- Want to help reduce your taxable estate
- Want to reduce exposure to the reduction in itemized deductions on your federal tax return and also save state income tax
- Are concerned about your Social Security income being taxed
Looking for a less taxing way to give?
Giving through the Mecosta County Community Foundation qualifies you for big savings through the Michigan Community Foundation Tax Credit.
Checks should be made payable to: MCCF, P.O. Box 1012-C, Big Rapids, Michigan 49307. Indicate on the memo line the Foundation Fund to which you wish to contribute.
We often refer to our role as a bridge, connecting the needs of the community with the convictions of the heart. Our donors fuel that passion, igniting the desire to make a difference.
In thinking through your philanthropic goals, we invite you to consider giving through the Mecosta County Community Foundation.
The needs are clear. Over the next decade, Mecosta County will experience a 25% increase in population and nearly double by 2030. According to 2000 census trends, we will experience an increased percentage of elderly, single family households and ethnic diversity. Challenges facing us will be significant, such as, sprawl, education, health, and poverty, just to name a few.
We invite you to believe in the potential of our youth, the dignity of our elderly and the good of our community. We invite you to give because there is a need and you have a desire to do so. We invite you to give because you understand the importance of building a legacy. We invite you to give through MCCF because we are uniquely qualified to serve the needs of Mecosta County.
Levels of Giving:
While all donations to the foundation are very much appreciated and valued, special recognition is given when gifts total $1500 or more.
Key contributors are recognized each year in our annual report by cumulative giving level:
- Gemstone Members $50,000+
- Community Builders $25,000 – $49,999
- Keystone Members $10,000 – $24,999
- Milestone Members $5,000 – $ 9,999
- Foundation Builders $3,000 – $ 4,999
- Mecosta Leaders $1,500 – $ 2,999