Tax Benefits of Giving
As a Michigan resident, a single person may claim a tax credit equaling 50% of his/her gift up to $100 credit for a $200+ gift. If a husband and wife file jointly they may claim up to a $200 credit for a $400+ gift. In addition, your entire contribution may be deductible for federal income tax purposes if you itemize.
All gifts to the University including radio entities, seminary and athletics are eligible for the Michigan tax credit.
*Please consult your tax advisor for more information.
