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From the Director

Library Gifts Yield Tax Benefits

As the year ends, many organizations solicit donations for a wide range of good and worthy causes, some of them here in our community, some nationally or even internationally.

Kalamazoo Public Library does not conduct an annual fund raising campaign nor send solicitation requests but, of course, we always welcome and greatly appreciate gifts from grateful patrons.

The State of Michigan encourages donations to public libraries by offering a tax credit. If you itemize deductions, you can claim a 50% of your gift (up to $200 for an individual or $400 for a couple) to a Michigan public library as a credit on your state taxes. That means that giving $200 / $400 to KPL can save you $100 / $200 in state taxes... a good deal!

You may designate your donation for a specific collection, such as large print or children’s books; a location, such as your neighborhood branch; or a service, such as Ready to Read, Reading Together, or teen programming. The library directs undesignated gifts where they are most needed.

Thank you for thinking of the library as you consider year-end giving.

Book

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Library Gifts Yield Tax Benefits

(Libraries, State and Regional) Permanent link

As the year ends, many organizations solicit donations for a wide range of good and worthy causes, some of them here in our community, some nationally or even internationally.

Kalamazoo Public Library does not conduct an annual fund raising campaign nor send solicitation requests but, of course, we always welcome and greatly appreciate gifts from grateful patrons.

The State of Michigan encourages donations to public libraries by offering a tax credit. If you itemize deductions, you can claim a 50% of your gift (up to $200 for an individual or $400 for a couple) to a Michigan public library as a credit on your state taxes. That means that giving $200 / $400 to KPL can save you $100 / $200 in state taxes... a good deal!

You may designate your donation for a specific collection, such as large print or children’s books; a location, such as your neighborhood branch; or a service, such as Ready to Read, Reading Together, or teen programming. The library directs undesignated gifts where they are most needed.

Thank you for thinking of the library as you consider year-end giving.

Book

Support the Library
poinsettia-160
/support/

Posted by Ann Rohrbaugh at 12/23/2010 10:44:59 AM | 


Thanks for share these tax benefits articles.Because this such topic discussed sometimes.
Posted by: Rakhi ( Email ) at 5/25/2012 7:11 AM


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