The Michigan Barn Preservation Network has established an endowment fund at the Capital Region Community Foundation. Both current and deferred gifts to this endowment can provide you with a tax reduction and help ensure that the Michigan Barn Preservation Network will benefit for generations to come.
Having the MBPN Endowment Fund at the Community Foundation gives donors confidence that their gifts will be well managed financially, with a consistent focus on growth of principal and generation of income for our use.
We invite you to help support our work!
What is an endowment fund?
When someone makes a gift to the MBPN Endowment Fund at the Community Foundation, it is permanently invested to grow over time. Earnings from our fund are used to support the mission and outreach of MBPN.
Why make an endowed gift?
Because endowments are permanent, the Fund benefits our mission and our community forever. Endowments are invested for growth over time, and while the principal is never used, earnings are available to MBPN each year for the important work of our organization.
If you are 70 ½ or older, an IRA charitable gift roll-over to a charity (up to $100,000) is free from federal income tax. Also known as a Qualified Charitiable Distribution, an IRA rollover gift qualifies for your required minimum distribution, permitting you to lower your income and taxes for the year while supporting a 501 ©3 charity or nonprofit organization.
Gifts to us or to the Capital Region Community Foundation in our name are tax-exempt. Contributions of appreciated property can be deducted at their full market value. Appreciated assets given to a fund at the Community Foundation are free of capital gains taxes. No tax is owed on the growth of assets in our endowment fund.
Always review tax advantages with your accountant and attorney when considering charitable giving.
The Capital Region Community Foundation (330 Marshall St, Lansing, MI 48912 ) manages the MBPN Endowment Fund along with 400 other charitable funds created by individuals, families, businesses and organizations.
Contact the Foundation at (517) 272-2870.
For more information about making a direct gift to MBPN or through the Capital Region Community Foundation, contact our treasurer, Clare Koenigsknecht, at [email protected] or call 989-593-2351.