Recommending charitable gifts … simplified
RESOURCES AND SERVICES
Discussing charitable gift planning strengthens relationships with your clients. It can be an effective way to grow your practice and benefit the community, but finding the right solution for your clients can be complicated. You have the skills and knowledge to best serve your clients’ financial and legal interests. The Community Foundation for Southeast Michigan has the local knowledge and expertise to best serve your client’s philanthropic interests by being able to offer a variety of creative giving options and services that achieve effective results. It’s a perfect partnership. We are a trusted source you and your clients can use to address the causes they care about most, while receiving the maximum tax benefits under federal law.
Whether you prefer to have a “silent partner” who provides behind-the-scenes consultation or if you seek an active philanthropic consultant partner, we can tailor our support to your needs and those of your client. Professional advisors can receive assistance in serving their clients through a variety of options available at the Community Foundation.
High net worth individuals want to discuss philanthropy with their advisors, and 90 percent would like to have than conversation within the first few meetings. U.S. Trust and the Philanthropic Initiative October 2013 Study
GIVING THROUGH THE COMMUNITY FOUNDATION
Giving to the Community Foundation for Southeast Michigan is easy. We can accept one-time gifts or gifts over the course of several years. We accept a wide variety of gifts, including:
- Cash, by check or online donation
- Securities traded on major exchanges
- Closely held business interests
- Interests in limited liability companies
- Patent interests and other qualified intellectual properties
- Mutual fund shares
- Fully paid life insurance policies
- Retirement plan assets
- Real estate
Giving through the Community Foundation allows your client to support what is most important to them. They may contribute to the endowment of a specific nonprofit organization or give to a particular area of philanthropic interest. Or, they may choose to support the Community Foundation’s unrestricted endowment fund, which gives us the flexibility to address the emerging needs and unforeseen opportunities that arise in our region over time, such as helping resolve Detroit’s bankruptcy.
Please consider giving online by clicking here. (Online gifts must be $10 or more.)
For gifts by mail, please complete the attached form, include it with your check and mail to:
Community Foundation for Southeast Michigan
333 W. Fort St., Suite 2010
Detroit, MI 48226
For gifts of cash via wire transfer or gifts of securities, please carefully review our Procedures for Making a Gift of Cash or Stock.
For assistance with any gifts, please call our Philanthropic Services staff at 313.961.6675.
Other Complex or Non-Cash Asset Classes
The Community Foundation can accept and process some unique forms of assets on your behalf and your client’s behalf. For example, we helped a client leverage a patent to be able to fulfill their philanthropic goals.
A. Paul and Carol C. Schaap Fund
In the 1980s, a discovery made by Wayne State University chemistry professor A. Paul Schaap helped revolutionize medical diagnostics and launch a very successful business. The professor developed a light-emitting molecule — similar to the luminescence found in a firefly’s tail — which can be used to detect AIDS, cancer, hepatitis and other diseases. The company Schaap founded, Lumigen, is now the world’s largest supplier of chemical luminents to the diagnostic market.
Dr. Schaap and his wife, Carol, established a fund at the Community Foundation using the proceeds of the patent for this discovery. This fund has helped them support the university and its chemistry program in multiple ways, including through contributions to the newly christened A. Paul Schaap Chemistry Building and Lecture Hall. The state-of-the-art facility has earned a Leadership in Energy and Environmental Design (LEED) Silver rating for energy and environmental performance.
Paul and Carol C. Schaap have made a lasting impact on students and faculty with their gifts to the chemistry department at Wayne State University. The Community Foundation supports their philanthropic giving with expertise and services that are designed to maximize both their tax advantages and the philanthropic impact of their gift.
CREATE A FUND
Your clients may be eligible for an immediate tax deduction when establishing a charitable fund. They may choose from a number of types of charitable funds, most of which can be established for as little as $10,000.
The Community Foundation for Southeast Michigan is a tax-exempt public charity. Our federal EIN/tax identification number is 38-2530980. To view our tax exemption letter from the IRS, please click here.