Our mission is to better the lives of area residents and to adhere to the directions from its donors, now and in the future.
What We Do
Help fuel our local community while earning tax deductible donations through various means and gifts. We accept money, real estate, pledges, and many other options to assist in providing grants to local organizations.
To help aid in our own mission, we provide collaboration and assistance to various local community organizations. FMS forms for e-mail submission of donor profiles, gifts, vendors, and grants are available through us.
We provide information management services through its hub, and enables local community foundations that are not affiliated with CFUP to obtain a complete information service for a very reasonable monthly fee for their foundation.
Help the Community and Make a Donation
If there is ever a time you wish to aid others, The Community Foundation of the Upper Peninsula offers you the chance through a variety of means and options. Where online donations are accepted, we also accept donations in the form of securities, real estate, and more within the Michigan area. The names of all donors will be listed in our publications, unless anonymity is requested by the donor or their representative. Amounts of contributions, except in accordance with the law, will not be listed. Contributions are reported as a whole in the annual report. Gifts and contributors are reported in the IRS Form 990 as required by law. All gifts and donations are accepted within the Upper Peninsula, including Escanaba.
Cash Donations
Any cash donation is accepted and appreciated from our generous donors. Any online donations are accepted on our Donate Now page. Make our community stronger when you make a donation to our cause.
Securities
Publicly Traded and Closely Held Securities:
These securities will be accepted at fair market value on the day they are booked in our financial institution. Securities will be sold as soon as possible and either gain or loss will be booked to the same fund of the initial donation. It is the donor's responsibility to obtain any necessary appraisals of securities. Closely held securities are accepted only with board approval.
Bequests/Trusts/Retirement Plan Assets Pledges
Bequests/Trust:
Bequests received will be applied for the charitable purpose requested by the donor, as long as those purposes are reasonable and practical, and within the broad mission of the Foundation.
Retirement Plan Assets:
Retirement Plan Assets received will be applied for charitable purposes documented by the donor, and as with a bequest, a permanently named fund can be established, assuming proceeds are greater than $5,000.
Pledges
Under a pledge, the donor irrevocably pledges to make a sizeable donation payable over a several-year time frame. Payments are usually made annually over a five-year period.
Real Estate
Any unencumbered real estate will be accepted at fair market value as established by at least one qualified appraisal. As a general rule, real estate valued at less than $25,000 will not be accepted. Before acceptance of real estate as a gift, the Foundation and the donor must agree in writing on arrangements for paying expenses associated with the property prior to sale, such as taxes, environmental evaluations, insurance, and maintenance and cannot be legally obligated as to the disposition of the property following the gift. This version of donation is accepted with board approval only.
Tangible Personal Property
Tangible property may be accepted as a gift. The Foundation and donor must comply with Treasury regulations for obtaining and reporting qualified appraisals. This type of donation is only accepted with board approval.
Life Insurance Policy
The Foundation may accept gifts of life insurance policies where we are named as both owner and beneficiary. Prior to accepting a policy requiring ongoing premium payment, the Foundation shall reserve the right to decide the policy future in the event the donor defaults on premium payments. This type of donation is accepted with board approval only.
Partnership Interests
The acceptability of a gift of a limited partnership interest will depend on the ultimate financial liability of the Foundation and the amount of management attention required. Each case will be evaluated prior to acceptance. This type of donation is accepted with board approval only.
Charitable Gift Annuities
Under a charitable gift annuity, a donor irrevocably transfers assets to the Foundation in exchange for a commitment by the Foundation to pay the donor or beneficiaries designated by the donor, a specified amount each year for the life or lives of the designated beneficiaries. The annuity payments can either commence immediately or commencement can be deferred to a later date specified by the donor. This type of donation is accepted with board approval only.
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