Like the building blocks to a foundation, it’s all about one brick at a time. . .

75 Endowment Fund Project
Sustaining Catholic Scholastic Education
One Child at a Time-For Good, For Ever.

A community partnership between the Battle Creek Area Catholic Schools Foundation (BCACS) & the Battle Creek Community Foundation (BCCF).

Click Here to view the Class of ‘75 Pledge Form (in PDF format)

In order to secure the future of our schools, the BCACS Foundation most recently funded an extensive economic feasibility study. The result of these findings reaffirmed the goal to build long-term sustainability of Catholic education through the development and investment of more endowment funds to better serve the BCACS initiatives.

Therefore, we have established an endowment fund in the name of St. Phil’s Class of 1975! This is only one small part, one brick at a time, for the sustainability of Catholic education in our community.        

The goal of the fund is to provide the monies necessary to sustain one child per year in the Battle Creek Area Catholic Schools (BCACS) system. The plan is to raise enough money for this endowment fund, with a goal of $75,000, in which the annual earnings of this fund will be used to cover the expenses to sponsor a student through St. Philip each year.     

This endowment fund has been established through the Battle Creek Community Foundation (BCCF) to serve the Battle Creek Area Catholic Schools (BCACS) to bolster Catholic school enrollment and enrich the life of one - one child at a time - for good, for ever - a partnership of the BCCF with the BCACS to make a difference in our community!              

Go to the BCCF website at www.bccfoundation.org to the “Financial Information” page and witness the power of an endowment fund!    

We are asking alumni, businesses, friends and family to participate in this lasting community endeavor that will surely only continue to foster and grow through everyone’s encouragement.      
 

As of August 2005, which began the kickoff of this fundraiser, we have raised 15% of our goal!        A great start to bolster Catholic education in the Battle Creek community! This all started when the Committee first gathered late in 2004, in the early “30 year reunion” planning stages, and wanted to get the ‘75 Class together to renew friendships, check up on the school, and make a difference that could help contribute in some way. . .

Yes, we are looking for donations from the Class of 1975 and throughout the community, including private and business support. Here are the Sponsorship Levels:
Platinum:                $5,000 and more
Gold :                       $1,000 to $4,999
Silver :                     $500 to $999
Bronze :                   $250-$499
Honorary:               $1-$249

The first year, these funds are tagged into a project fund to support activities and initiatives that frames and helps establish this endowment fund. For example, the Restore the Roar Project, and helping to make the ‘75 Reunion gathering more affordable. Now all monies donated to the ‘75 Fund are completely tax deductible AND eligible for a Michigan Tax CREDIT AND will be personally earmarked to BCACS for the sole purpose of funding one student per year for a Catholic education within the BCACS!

Please send your check or money order to: BCCF, One Riverwalk Centre, 34 W. Jackson Street, Battle Creek, MI 49017-3505. Checks should be made payable to: BCCF/STP75 Endowment. OR, if you would like to pay by credit card, please contact the BCCF at (269) 962-2181 to make your gift by phone.    

Want to get on a payment plan/make a pledge? Please do! You may make a pledge over a 5-year period. Again, contact BCCF and you will be guided in the right direction!

Community Foundations in Michigan Offer a Unique Tax Advantage!

Individuals and corporations who make charitable contributions to Community Foundation permanent endowment funds can claim the Michigan Community Foundation Tax Credit.  Current law permits a taxpayer to reduce Michigan Income Tax or Single Business Tax liability by a credit of 50% of the amount contributed to a community foundation (maximum gift of $200 for Individual, $400 for Married Couple, and $5,000 or 10% of tax liability before claiming any credits, whichever is less, for a resident estate or trust (based on a $10,000 gift), and $5,000, or 5% of tax liability before claiming any credits, whichever is less, for taxpayers filling Michigan Single Business Tax returns (based on a $10,000 gift). In addition, for taxpayers who itemize, the contributions totaling any amount may also be deductible for Federal Income Tax purposes.  (Your individual tax situation should be discussed with your tax advisor.)  Here’s how it works:

Individuals:  The actual cost of a $200 gift to a community foundation could be as little as $72.  Assume a Federal Marginal Income Tax rate of 28%.  The savings from federal taxes would amount to $28; the savings from state taxes would be half the gift, or $100.  Total tax saving would be $128, leaving an actual cost to the donor of only $72.

Married CouplesThe actual cost of a $400 gift to a community foundation could be as little as $150. Assume a Federal Marginal Income Tax rate of 25%.  The savings from federal taxes would amount to $50; the savings from state taxes would be half the gift, or $200.  Total tax savings would be $250, leaving an actual cost to the donors of only $150.

Organizations: The actual cost of a $10,000 gift to a community foundation could be as little as $3,300.  Assume a projected State Income Tax liability of $100,000, and a Federal Marginal Income Tax rate of 34%.  The savings from federal taxes would amount to $1,700; the savings from state taxes would be half the gift, or $5,000.  Total tax savings would be $6,700, leaving an actual cost to the corporation of only $3,300.

Click Here to view the Class of ‘75 Pledge Form (in PDF format)