All of these services and programs are held on site, and the women's children are cared for by foster grandparents while they are in adult education and employment training. For the past five years, Barbara Labadie has been one of the Michigan Women's Foundation's most generous supporters, with contributions to the annual benefit dinners an to the Foundation's annual fund. Recently, she decided to make a longer-term giving commitment to MWF through a gift of life insurance. Gifts of Life insurance are an easy and affordable way to make a deferred gift in addition to planning for one's family. An individual is entitled to an income tax deduction for the current value of the policy at the time of the gift.
Future premiums paid on a policy irrevocably assigned to a charity are also tax deductible.
By committing a relatively small amount over a period of years, one can establish an eventual memorial that will significantly exceed the total value of similar cash gifts over a lifetime. Barbara Labadie is Chairman of Labadie Capital Management, a Troy-based investment management firm. She specializes in socially responsible investments, creating portfolios according to highly specific social parameters by screening stocks based on a company's record on such issues as labor practices, equal employment opportunities and environmental sensitivity. To demonstrate her sincere commitment to these principles, her firm donates 5 percent of her fees to a charity chosen by each client. An interest in women's issues has run throughout Ms. Labadie's life.