One major bonus to making charitable contributions to the Michigan Tech Fund, besides the pride you feel from helping, is the tax benefit. Properly deducting your gifts can lead to considerable savings for you.
The federal government, by providing certain benefits in the tax laws, encourages gifts to educational institutions and other nonprofit organizations such as the Michigan Tech Fund. Donations, bequests, and other gifts to the Tech Fund are deductible for income, gift, and estate tax purposes. The Fund is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code.