Tax Benefits of a Cash gift:
Michigan Tax Credit

Federal Taxes
To illustrate the net cost of a $1,000 cash gift, assume the gift is made by a taxpayer with a combined state and federal marginal income tax rate of 36 percent. The amount of the tax bracket, multiplied by the amount of the gift, is subtracted from the gift to determine the net cost to the donor.

36% x $1,000 = $360 ---> $1,000 - $360 = $640 --> Net cost of gift = $640

Michigan Tax Credit
To receive a Michigan Tax Credit, you'll need to donate to Lakeshore Habitat for Humanity through the Community Foundation of the Holland/Zeeland Area.

Donating to Lakeshore Habitat via the community foundation qualifies you for tax savings using the Michigan Community Foundation Tax Credit. For example:

* This is an example of tax savings for illustrative purposes only and should not be construed as tax advice.
Your personal tax situation may be different. Please consult your tax professional for advice.

Ask your personal or corporate tax advisor about how these credits could work for you. You can also use the Michigan Community Foundation web site's Tax Credit Calculator to determine the savings realized for your contribution; click here to download this tool.

To learn more about how to give to Lakeshore Habitat through the community foundation, please visit their web site by clicking here. You may also contact the foundation by phone at (616) 396-6590 or email at info@cfhz.org.