A permanent and growing charitable community endowment that, through a wide variety of grants and programs, serves to enhance life in Milan, Michigan...for now and forever.
To Donate
Please mail this form with your check, to the address below.
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The Duane & Isabelle Schultz Milan Area Schools Alumni Scholarship Fund guarantees an annual income to be used for granting scholarships to college-bound Milan High School seniors. Since only the earnings may be spent, the fund itself will endlessly generate interest and dividends over the years. To contribute, please specify “Alumni Scholarship Fund” on this form and mail it with your contribution.
Tax Benefits
As a 501(c)3 organization, under current law, all gifts qualify as charitable contributions for federal and state tax purposes.
Michigan taxpayers may take a credit of 50% of their gift to an endowed fund against the Michigan income or Michigan Business Tax. Limits are $100 for an individual, $200 for a couple filing jointly, and $5,000 or 5% of the tax liability for businesses.
If the gift is in the form of appreciated securities, the donor can avoid capital gains tax and may take the market value of the securities as the gift value.