Patronage
The Institute is sustained, principally, by the patronage of Michaels and friends of Michaels who share its purposes. Contributions are received with gratitude and applied with care; the Institute publishes a complete accounting of its giving each year in the annual report.
$25 – $99
A becoming entry-level association. Recommended for first-time supporters and for those of modest means but firm conviction.
$100 – $499
For Michaels (and their cousins) prepared to make a more sustained commitment. The Institute regards this tier as the operational backbone of its work.
$500 – $2,499
A meaningful patronage. Patrons are remembered by name in the annual report and are invited to the Institute's yearly convocation, where they may sit at any table that is not specifically reserved.
$2,500 – $9,999
A patronage of consequence. Eponymous Patrons may, by special arrangement with the Treasurer, designate a small program element to bear their name in perpetuity, subject to the Board's prior consent.
$10,000 and above
The highest standing tier. Founders' Circle members are received personally by the Board at a small dinner held biennially. The Institute prefers to discuss this tier in correspondence rather than over the website.
I Methods of Giving
The Institute accepts contributions by personal check, by bank transfer, and — for those who must — by credit card via the Institute's electronic giving portal. Larger gifts are typically arranged in correspondence with the Treasurer.
The Institute does not, as a matter of standing policy, accept anonymous gifts in excess of one hundred dollars in any single fiscal year. Gifts of property, securities, or interest in real estate are considered on a case-by-case basis.
II On Tax Deductibility
The Institute is a recognized 501(c)(3) organization within the meaning of the United States Internal Revenue Code. Contributions from U.S. taxpayers are tax-deductible to the fullest extent permitted by law. Donors residing outside the United States should consult a qualified adviser regarding the treatment of gifts under their applicable jurisdiction.
III Recurring Patronage
Recurring contributions are arranged on a quarterly schedule, payable on the first business day of January, April, July, and October. The Institute regards quarterly recurring giving as the most administratively graceful method of sustained support, and we are pleased to extend a small token of recognition — typically a letterpress card — to any patron entering into such an arrangement.
