LIVONIA COMMUNITY FOUNDATION

Taking Care of the Future Today

Due to the generosity of our donors, the Livonia Community Foundation has continued to see growth in our fund equity allowing us to provide more grants.  Grants are made from the income from the fund, thus making this a gift that continues to give.

The State of Michigan provides a significant tax credit incentive to encourage contributions to local foundations. The tax credit is equal to 50% of your contribution up to a $200 credit for joint taxpayers, and $100 for individual taxpayers. For example, if you contribute $400 to the Foundation, you receive a tax credit of $ 200. A tax credit means you reduce your state tax payment. The community foundation state tax credit is a separate credit, and is in addition to any other tax credits you may receive for contributions to schools and libraries. Your contribution is also eligible as a charitable deduction to the Foundation with a much reduced real dollar cost to you.

Securities, property, and other owned assets may also be donated, and they may provide additional tax and/or estate planning benefits. Please call the Foundation at (734) 522-2285, and we will provide additional information. The foundation also receives Contributions from local businesses, which are eligible for a unique, state single business tax credit.