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An endowment gift to the Jackson College Foundation today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits. Here's how it works: Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Jackson College. The remaining funds are reinvested to ensure indefinite support.
Check Out This Potential Scenario
Longtime supporters Susan and Charlie want to make sure Jackson College continues to flourish long after they're gone. They also want to memorialize Charlie's parents, Mr. and Mrs. Jones. So they make a $25,000 donation to the Foundation, which we invest. Each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. The rest of the income is reinvested in the fund; that's what allows it to support us indefinitely. Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
- Seek the advice of your financial or legal advisor.
- Contact Jennifer S. Brooket, CFRE at 517.990.1353 or email@example.com to discuss endowed gifts.
- If you include the Jackson College Foundation in your plans, please use our legal name and Federal Tax ID.
Legal Name: Jackson College Foundation
Address: 3000 Blake Rd, Jackson, MI 49201
Federal Tax ID Number: 38-2468643
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Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.