Friday, 24 December 2010

Forgotten Harvest donations have added tax credits

OAK PARK
Huntington National Bank matches donations to Forgotten Harvest
Huntington National Bank announced that through the rest of 2010, it will provide a matching grant, dollar for dollar, for every donation made to Forgotten Harvest until a total of $25,000 has been reached by donors.

The state of Michigan offers special tax credits to donations made to certified hunger relief organizations.
Gifts to Forgotten Harvest qualify for this and other federal tax credits and may reduce the out-of-pocket cost of a contribution by up to 85 percent.
The Michigan tax credit is 50 percent of the contribution — or up to $100 on a single return and up to $200 on a joint return. These credits also can be combined with any federal tax deduction.
This means a gift of $400 from a couple in the 35 percent federal tax bracket could actually have a net cost of just $60 after all credits and deductions are applied. Donors should see their accountants for specific details. Visit www.forgottenharvest.org.

TROY
Detroit Regional Chamber’s president to speak at MSED meeting
Sandy K. Baruah, president and CEO of the Detroit Regional Chamber, will blend optimism with honesty as he discusses the future of Detroit in his presentation titled “Five Observations and a Path Forward” at the monthly meeting of the Marketing & Sales Executives of Detroit (MSED) on Thursday, Jan. 27.
Baruah, who assumed leadership of the chamber in March 2010, brings exclusive business and national policy experience to Detroit. A former U.S. assistant secretary of commerce, he was one of the senior officials involved in shaping the federal government’s response to the 2008-2009 credit crisis and assisting the U.S. automotive industry. Earlier, Baruah was the administrator of the U.S. Small Business Administration.
The meeting will be held at the Management Education Center, on Square Lake Road between Crooks and Coolidge Roads in Troy, and will begin with registration/networking/hors d’oeuvres at 5 p.m., speaker presentation at 6 p.m. and dessert/networking at 7 p.m.
Cost for the event is $45 for MSED members and $60 for nonmembers. For more information, contact Meeting Coordinators at 248-643-9685 or visit the MSED website at www.msedetroit.org.

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