Revenue Administrative Bulletin 2024-20

RAB 2024-20.  This bulletin lists the names, addresses and phone numbers of the community foundations that have been certified by the Department of Treasury for tax year 2024 in accordance with Section 425 of the Michigan Business Tax Act (MBTA), MCL 208.1425. Qualifying business taxpayers that elect to file returns under the MBTA for tax year 2024 are eligible to take a credit for contributions made to endowment funds held by community foundations certified by the Department of Treasury. The individual income tax credit formerly available to taxpayers who made contributions to endowment funds held by certified community foundations is no longer available; it was repealed by 2011 PA 38.

A taxpayer that contributes to a certified community foundation may claim a credit against the MBT liability equal to 50 percent of the taxpayer’s contribution, up to $5,000.00 or 5 percent of the tax liability, whichever is less. This is a non-refundable credit.

The Department of Treasury has certified the following the Community Foundations for tax year 2024:

Battle Creek Community Foundation
32 W Michigan Ave Suite 1
Battle Creek, MI 49017
(269) 962-2181

Barry Community Foundation
231 South Broadway
Hastings, MI 49058
(269) 945-0526

Berrien Community Foundation
2900 S State Ste 2E
St. Joseph, MI 49085
(269) 983-3304

Charlevoix County Community Foundation
PO Box 718
East Jordan, MI 49727
(231) 536-2440

Greenville Area Community Foundation
225 N. Lafayette
Greenville, MI 48838
(616) 754-2640

Lenawee Community Foundation
1440 W Maumee Street
Adrian, MI 49221
(517)263-4696

Marshall Community Foundation
614 Homer Road
Marshall, MI 49068
(269) 781-2273

Otsego Community Foundation
316 West Main Street
Gaylord, Michigan 49735
989-731-0597