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NCMC Foundation
The mission of the North Central Michigan College Foundation is to initiate philanthropy in partnership with North Central Michigan College and the community in order to provide financial support for the mission and goals of the college.
Scholarships
Donations to the NCMC Foundation change students' lives in strikingly positive ways. Foundation scholarships help qualifying students begin and continue their college education. Foundation support is helping North Central create a modern, state-of-the-art learning environment.
Justine Berry
Justine is a native of Onaway who is well on her way to achieving her dream with the help of a scholarship from the Offield Family Foundation. The scholarship helps her attend college full-time so that she can complete the requirements for her degree as quickly and efficiently as possible.
Justine is now in the second year of NCMC's nursing program and is already working in a support position at Cheboygan Memorial Hospital. Her goal is to be a registered nurse in the obstetrics unit.
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Kory Vanhorn
Kory is studying full-time at North Central preparing for a career in accounting. With the help of a Bank of Northern Michigan scholarship, he has been able to afford a quality education close to home in Petoskey.
Kory plans to take advantage of the 3+1 progam offered through North Central's University Center partnership to earn his bachelor's degree from Lake Superior State University. His long-term goal is to work as an executive in finance.
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Krystle Timsak
Krystle grew up on Beaver Island and enrolled at North Central in 2006. She was selected to recieve the
NCMC Presidental Scholarship.
Krystle is a full-time student taking the basic courses in pre-pharmacy and plans to transfer to Ferris State University to continue her education.
Her long-term plan is to return to northern Michigan and work as a pharmacist.
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About the Foundation
During the past 10 years the NCMC Foundation has received gifts and earnings of $3.3 million to support programs, scholarships and capital projects. Contributions are received from individuals, businesses, organizations and other foundations. Funds are generated through an annual campaign, scholarship support, special events, capital campaigns, memorials and bequests. The Foundation Board of Directors is comprised of 12 community volunteers who provide the leadership and initiative for advancing the Foundation. These community leaders, along with the North Central Michigan College Board of Trustees, provide the Foundation with excellent resources for growth and development.
Every year more than 600 individuals and businesses contribute to the success of North Central by making a gift. Please consider joining our growing list of supporters. Your contribution will make a difference in the lives of our students.
Please take a moment to review the giving club opportunities listed below.
Scholar (gifts up to $249)
- Name published in Foundation materials.
- NCMC Foundation donor recognition gift.
Professor's Club (gifts of $250 to $499)
- Name published in Foundation materials.
- NCMC Foundation donor recognition gift.
- 2 reserved seats for NCMC Lecture Series Events.
Dean's List (gifts of $500 to $999)
- Name published in Foundation materials.
- NCMC Foundation donor recognition gift.
- 2 reserved seats for NCMC Lecture Series Events.
- Two tickets to the NCMC Fall Cookout.
President's List
- Name published in Foundation materials.
- NCMC Foundation donor recognition gift.
- 2 reserved seats for NCMC Lecture Series Events.
- Two tickets to the NCMC Fall Cookout.
- One semester enrollment in NCMC Fitness Class.
- Two tickets to the President's Annual Dinner.
The Michigan Tax Credit
The Michigan Tax Credit is an added incentive for contributing to the NCMC Foundation. A gift to the Foundation not only qualifiies as a deduction under federal law but also as a credit under Michigan income tax law. (A credit is an amount by which your tax is actually reduced, rather than a deduction from the amount of income on which the tax is based.)
The law permitts all taxpayers in Michigan to reduce their Michigan income tax by 50% of the amount contributed to North Central, subject to maximum credit of :
- $100 for a person filing individually
(based on a minimum donation of $200)
- $200 for a married couple filing jointly
(based on a minimum donation of $400)
In addition to the Michigan Tax Credit, your contribution can be claimed asa deduction on your federal tax return if you itemize. Below are examples of the impact of both the Michigan Tax Credit and the federal deduction.
Here is how it would work for a single person:
| Contribution to NCMC Foundation: |
$250 |
| Michigan Tax Credit |
$100 |
| Federal income tax deduciton at 28% tax rate |
$70 |
| Actual Cost of gift to donor |
$80 |
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Here's an example of how it would work for a married couple:
| Contribution to NCMC Foundation: |
$500 |
| Michigan Tax Credit |
$200 |
| Federal income tax deduciton at 28% tax rate |
$140 |
| Actual Cost of gift to donor |
$160 |
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*The NCMC Foundation encourages all donors to consult with a qualified tax professional to determine how the credit and deduction would apply.
Endowed Scholarships
Endowed scholarships create a permanent fund that is invested and generates annual earnings. A percentage of those earnings are used to fund yearly scholarships and the fund generates income in perpetuity. The minimum level to establish an endowed scholarship is $10,000. Annual Scholarships Annual Scholarships are a commitment to provide yearly support to fund a scholarship. These awards can be ongoing or made as a one-time scholarship.
General Scholarships
The General Scholarship Fund exists as a result of pooling donations from many donors. A contribution of any amount may be given to this fund. How do I Make a Contribution? Gifts should be sent to the North Central Michigan College Foundation Office, 1515 Howard St., Petoskey, MI 49770. You may also personally deliver your gift by stopping by the Foundation Office, Room 142 in the Main Classroom Building. Contributions can be made in a variety of ways: cash, check, credit card, stocks and bonds, life insurance, real estate, retirement plan assets, personal properties and planned gifts. Donors are encouraged to contact the Foundation Office if they have questions about a deferred gift or are considering a gift of an appreciated asset. Also, contributions can be made as a one-time gift or can be set up as a pledge to be donated over a specified period of time, which includes months or years. You can set up your pledge by completing a pledge reply form available at the NCMC Foundation Office. If you have any questions or would like more information about how you can support North Central Michigan College, contact:
Or click here to make a
Sean Pollion, Executive Director, Foundation 231-348-6621
Sharmon Dulaney, Foundation Office Assistant 231-439-6218 or foundation@ncmich.edu.
Related Links: NCMC Alumni Office
NCMC Foundation Financial Statement 2006
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