What is the MARSP Foundation?
The purpose of the MARSP Foundation is:
To continue the education of retired school personnel through public discussion groups, forums, panels, lectures and other similar methods, and to aid and advise retired school personnel in matters that require help for their well being.*
The MARSP Foundation is a separate entity from MARSP, founded as a public charity under the IRS Code designation of 501(c)(3), the same code for public schools. MARSP is a 501(c)(4) fraternal organization. Contributions to a 501(c)(3)organization ARE tax deductible if you itemize your income tax, while contributions to a 501(c)(4) organization ARE NOT tax deductible. MARSP Past President Clinton Cook knew some members wanted to make contributions to MARSP, but wanted to use it as a tax deduction. After careful consideration, on July 18, 1988, the MARSP Foundation was established and incorporated. N. R. Scott MacDonald from Saline served as the Foundation’s first chairman. Subsequent chairmen have been: Jack Anson, Mt. Pleasant; Richard Smith, Battle Creek; Julia Berg, Rose City, and Charlie Jones, Howell.
One way that the MARSP Foundation is able to accomplish its purpose is through the generous contributions from the members and friends of MARSP. Two examples of how the Foundation benefits its members and the public school system are: it provides the funds to allow the MARSP chapters to assist some of the MARSP members who are in financial need through the Smith Fund, and it grants scholarships to current Michigan public school employees through the Scholarship Fund.
All of the funds in the MARSP Foundation come strictly from donations. Some members, chapters, areas or friends give a $1 contribution; some give $100 or more. Some pledge to contribute a given amount each year. Some are giving a certain percentage of their estates to the Endowment Fund through their wills and trusts.
Most of our donors are current MARSP members. Contributions come from individuals and from chapters. Contributions are given as memorials to friends and colleagues. They’re given because the contributors hope to see a better future for retirees or to help other retirees improve the quality of their lives today. Our contributors give because, at some time in their life someone helped them and now they want to help someone else. They give because they care.
All contributions made to the MARSP Foundation, no matter which fund, are tax-deductible for those who itemize their income taxes. If you wish to make a contribution to the MARSP Foundation, please click on the Foundation Contribution Form in Resources section to the right.
All contributors to the MARSP Foundation will receive a thank you letter from the Foundation, which can be used as a receipt for income tax purposes. Your contributions are truly needed and sincerely appreciated.
* pursuant to the educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, and to comply in all respects with the provisions of the Non-Profit Corporation Act, Act No. 162 of the Public Acts of 1982 as amended, being Section 450.2161 to 450.3098 of the Michigan Complied Laws