It is the time of year when we all received many solicitations for a wide range of good and worthy causes.
The library does not conduct an annual fundraising campaign nor send out a solicitation request but, of course, donations are always welcome and greatly appreciated.
Unfortunately, from our perspective, charitable contributions to nonprofits, like the library, were eliminated in Michigan’s tax reforms for 2012. That means this year, 2011, is the last year your cash donation to the library could earn up to a 50% Michigan tax credit.
Currently, a maximum gift of $400 to the library by a married couple filing jointly earns a Michigan tax credit of $200. With the similar federal deduction, the actual cost of that $400 gift is just $76.
A donation to the library can be designated for a specific collection, such as large print or children’s; a location such as your neighborhood branch; or a service such as Ready to Read, Reading Together, adult programming. Undesignated gifts are directed where they are needed most.
We appreciate if you think of the library when you are considering your year-end giving, keeping in mind the change in the tax laws for next year.
Support the Library