Immediate results in a convenient way
The simplest and most frequently used method of providing outright support for Michigan Tech is a cash gift—whether personal check, credit card authorization, money order, or bank draft—made payable to the Michigan Tech Fund.
Not only Michigan Tech, but you, too, may benefit from such gifts. Charitable deductions on your federal income taxes may allow you to reduce the out-of-pocket cost of your gift.
The State of Michigan allows special tax treatment for contributions by state residents to the Michigan Tech Fund. The allowable tax credit is 50 percent of the gift, not to exceed $200 for a return filed jointly and $100 for a single return. This tax credit is available whether or not you itemize deductions on your federal return.
A pledge may enable you to support Michigan Tech in a more substantial way than you might otherwise think possible. By signing a statement of your intention to make a gift over a period of up to five years, you not only can accomplish more with your gift but you also would receive immediate credit for the entire pledge amount for purposes of Michigan Tech’s honor societies.
Benefits of cash gifts
- Simple to make
- Immediate income tax deduction may reduce the net cost of your gift
- Immediate impact on the Michigan Tech program of your choice