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MCC gets $30,000 anonymous gift

While the campuses of Mott Community College are shut down over the holidays, Dec. 22 to Jan. 2, Lennetta Coney is still taking phone calls. As president of the Foundation for Mott Community College, she knows that many people are making sizable year-end gifts to take advantage of the tax credits provided for such donations.

One such call came this week with a $30,000 gift to Health Sciences. The Flint-area resident, who asked to remain anonymous, told Coney he had become successful, in part, through the education he received at Mott and simply wanted to give back to the community that helped him to achieve.

Coney said such generosity is not uncommon through the holidays when people take time to reflect on the year and consider financial strategies to enhance their personal portfolios. She noted that this year has even more incentive for donors due to a new Michigan tax reform package that eliminates the state tax credit for gifts to public institutions on Dec. 31. Prior to the deadline, an individual gift of $200 or more will receive a $100 state tax credit, a couple that files jointly for $400 or more will receive a $200 state tax credit, and businesses that provide a gift of $10,000 or more will receive credit of $5,000 or five percent of their total tax liability, whichever is less.

"Former students as well as those who simply understand the important mission of Mott Community College in our community will often call and want to make a sizable contribution to support the educational efforts at MCC," she said. "In these financially challenging times, their generosity is overwhelming."

"It is encouraging to know," Coney added, "that during these times of economic hardships, people are still giving from what they have. We are so grateful for our donors and for this gift of $30,000."

Call Coney at (810) 762-0425 for more information on year-end gifts.

(Note: This report is provided as a service to our readers and a service to the group or individual mentioned in the release. Usually, only minor editing is done. The group or individual is responsible for all information provided.)

 

 

 

 

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