Gifts & Donations
Besides becoming a member, there are many other ways you can support the financial stability of our organization and protect our vital natural resource.
- Memorial Gift
Making a donation in memory of someone provides an opportunity to celebrate the accomplishments of the life of a loved one while supporting our mission: to protect our vital water resources. When Tip of the Mitt Watershed Council receives a memorial gift, we notify the family members of the deceased to advise them of the gift.
- Honorarium Gift
Making a donation in honor of someone provides an opportunity to celebrate that person or group of people while supporting our mission: to protect our vital water resources. When Tip of the Mitt Watershed Council receives an honorarium gift, we notify that person of the donation and the donor's contact information.
- Endowment Fund
The Tip of the Mitt Watershed Council's Endowment Fund was created in 1990. Since the Fund's creation, assets have grown to over $1.1 million. Charitable gifts received can be placed in the Endowment Fund or designated for any of the Watershed Council's program areas. If placed in the Endowment Fund, only the earnings from the investments are used by the Watershed Council for operations; the principal remains in the Fund as financial protection for the future.
A bequest to the Watershed Council can take the form of cash, securities, real estate, or other assets. Any size bequest is greatly appreciated by the Watershed Council and helps further our work. The Watershed Council has sample language for inclusion in your will to make the gift simple for you. A bequest reduces the size of your taxable estate. Therefore, the cost of your bequest may be offset by a reduction in state and federal death taxes.
- Gifts In-kind
Many types of assets other than cash can be donated to the Watershed Council, including: appreciated securities, real estate, tangible personal property such as art work, jewelry and the like, and life insurance. Gifts of this kind, during your lifetime, qualify you for immediate income tax deductions, and also reduce the size of your estate thus avoiding estate taxes. Gifts In-Kind are converted to cash by the Watershed Council to further our water quality protection programming.
- Charitable Gift Annuities
It is possible to give a gift to the Tip of the Mitt Watershed Council with a simple contractual agreement that will allow you to support water resource protection programs and receive guaranteed lifetime payments for yourself or your designated beneficiary or beneficiaries. Gift annuities can be in the form of income, securities, or real estate, which provide potential tax advantages such as:
- An immediate charitable income tax deduction
- Payments that are partially tax-free or taxed at lower rates
- Reduction in estate taxes
- Reduction in capital gains taxes for appreciated securities that are gifted
- Charitable Lead Gifts
Charitable Lead Trusts pay an income to the Watershed Council for a specified period of time, after which the principal reverts to the donor or some other designated person(s). Through these trusts, your family may receive a tax-free inheritance while the Watershed Council enjoys years of steady support.
- Gift of Home, Vacation Home, or Farm, while retaining use for life
Donors can enjoy the immediate tax benefits of giving a home, vacation home, farm, or other real estate to the Watershed Council, while retaining use of the properties for life. The Watershed Council will sell the home or farm after the life estate has been terminated and use the funds for our water quality programs.
Our staff will be glad to assist you in selecting a giving option that will meet your particular needs. Contact us for more information.
Additional Giving Options
AmazonSmile is a simple and automatic way for you to support your favorite charitable organization every time you shop, at no cost to you. When you shop at smile.amazon.com, you’ll find the exact same low prices, vast selection and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to your favorite charitable organization.
On your first visit to AmazonSmile (smile.amazon.com), you need to select a charitable organization to receive donations from eligible purchases before you begin shopping. Amazon Smile will remember your selection, and then every eligible purchase you make at smile.amazon.com will result in a donation. It's that easy!
307 E Lake Street
Petoskey, MI 49770
Did you know that Tip of the Mitt Watershed Council is a pre-approved non-profit organization eligible for the McLean & Eakin Booksellers donation program.
Here's how it works... Whenever you shop at McLean & Eakin Booksellers in downtown Petoskey, simply mention that you would like your purchase amount to go toward Tip of the Mitt Watershed Council. We will then receive 10% of your purchase amount in the form of an in-store credit. This will allow us to purchase necessary resource materials for our library. It's a literary win-win for everyone!
EXAMPLE: When you spend $100, we receive a $10 in-store credit from McLean & Eakin. It's that easy!