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Make a Tax Deductible Donation

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by Nancy Studebaker last modified 2:06 PM

Learn about the tax benefits of donating to the library, the Friends or the Endowment Fund. Donors are strongly encouraged to consult with your professional tax adviser, financial planner or estate planning attorney before making a planned gift.

Consult a Professional

Donors are strongly encouraged to consult with a professional tax adviser, financial planner or estate planning attorney before making a planned gift.

Donations to Niles District Library

Donations to Niles District Library count as "Gifts of Charity" in the Federal Tax Code.  Federal law allows for a deduction of the entire donation if you itemize your deductions.

In Michigan, donors receive a credit of 50% of the contribution to public libraries directly off of their income tax after you have taken all your deductions. The credit is capped at $100 for an individual and $200 for a married couple.  Business taxpayers can also benefit by making a charitable contribution to the Library and claim a credit against the tax imposed by the Michigan Business Tax Act. As always, it is important to consult your tax expert for information and advice.  For more information about this tax credit click here. 

Donations made directly to the library will either be used to meet immediate needs of the library or used to help fund our endowment.  Larger donations may be designated for a specific purpose such as children's books or audio-books for the hearing impaired. 

Donations to Friends of Niles District Library

The Friends of Niles District Library is a 501(c)3 organization and all donations are tax deductible under section 501(c)(3) of the Internal Revenue Code. 

Donations made to the Friends of Niles District Library are used to support the current needs of the library.  Each year the Friends donate thousands of dollars to the library to fund special projects and ongoing needs. 

Donations to the Niles District Library Endowment Fund

 Donations to the Michigan Gateway Community Foundation are tax deductible and qualify for the Michigan income tax credit described above. Checks are made payable to the Michigan Gateway Community Foundation with Niles District Library Endowment Fund in the memo line. 

The endowment fund is an important and lasting source of income for the library.  The principal is held in perpetuity and the income is distributed to the library on a regular basis. 

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LOCATION AND MAILING ADDRESS
620 East Main Street Niles, MI

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MAIN PHONE
269-683-8545
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269-683-0075

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