Mich. Comp. Laws § 128.3: "Community foundation" and "municipality" defined.

Sec. 3.

As used in this act:

(a) "Community foundation" means an organization that meets all of the following requirements:

( i ) Has been in existence for at least 10 years.

( ii ) Has assets of at least $10,000,000.00.

( iii ) Qualifies for exemption from federal income taxation under 501(c)(3) of the internal revenue code, 26 USC 501(c)(3).

( iv ) Supports a broad range of charitable activities within the specific geographic area of this state that it serves, such as a municipality.

( v ) Maintains an ongoing program to attract new endowment funds by seeking gifts and bequests from a wide range of potential donors in the geographic area served.

( vi ) Is publicly supported, as defined by 26 CFR 1.170A-9(f).

( vii ) Meets the requirements for treatment as a single entity under 26 CFR 1.170A-9(f)(11).

( viii ) Is not an organization described in section 509(a)(3) of the internal revenue code, 26 USC 509(a)(3).

( ix ) Has an independent governing body representing the general public's interest and that is not appointed by a single outside entity.

( x ) Maintains continually at least 1 part-time or full-time employee beginning not later than 6 months after the community foundation is incorporated or established.

( xi ) Is subject to an annual independent financial audit.

( xii ) For a community foundation that is incorporated or established after January 9, 2001, operates in a county of this state that was not served by a community foundation when the community foundation was incorporated or established or operates as a geographic component of an existing community foundation.

(b) "Municipality" means a city, village, township, or county.