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MONTANA ENDOWMENT TAX CREDIT

The Montana Endowment Tax Credit provides an extraordinary opportunity to reduce your Montana taxes by directing funds to an endowment managed by the Billings Community Foundation. Currently, the tax credit provides one of the greatest philanthropic opportunities. You may receive a federal income tax deduction for your gift, a credit on your Montana state income taxes, and capital gains tax savings if appreciated assets are given. Funding for the future through endowment giving means your gift is held and invested in perpetuity and only investment income is used for accomplishing the purpose of your gift.

 

To take advantage of the 40% Montana Endowment Tax Credit, individuals are required to donate through a planned gift, which is as simple as establishing a Charitable Deferred Gift Annuity with the Billings Community Foundation to benefit the Non-profit Endowment Fund of your choice. This giving vehicle allows a tax credit of up to 40% against Montana income tax owed as well as the standard Federal deduction. The maximum credit is $10,000 per individual or $20,000 if you file jointly. Cash, securities, real estate, and other assets may be used to fund a charitable planned giving instrument to qualify for the tax credit. If the Billings Community Foundation does not already have an Endowment Account for your favorite charity, we can easily work with that non-profit to establish one!

Absaroka-Beartooth Wilderness Foundation

Adult Resource Alliance

American Lutheran Church, Billings MT

Arts Without Boundaries

Big Brothers Big Sisters of Park & Sweet Grass Counties

Big Brothers Big Sisters of Yellowstone County

Big Horn Valley Health Center

Big Sky Senior Services

Big Sky Senior Services Prevention of Elder Abuse

Billings Christian School Education Foundation

Billings Christian School Education Foundation – Development

Billings Community Foundation

Billings Depot

Billings Preservation Society

Billings Studio Theatre

Billings TrailNet

Billings Unitarian Universalist Fellowship

Boys & Girls Club of Lewistown

Broadview Community Center

CASA of Yellowstone County

Central Montana Community Cupboard

Central Montana Community Foundation

Central Montana Medical Center Lab

Central Montana Neighbor in Need

Child Bridge

Christikon

Don & Theresa Karls Family

Echoz Pregnancy Care

Faith Lutheran Church of Ronan MT

Family Promise of Yellowstone Valley

First Congregational United Church of Christ

First Presbyterian Church

Head Start

James A. Wrightson Educational

John & Lauren Wright Family

Joliet Community Center

LaVie Pregnancy Center

Lewistown Friends of the Pool

Lewistown Friends of the Trails

Lewistown Ice Skating Association

Lewistown Public Library

Lutheran Center

Miles City Area Community

Montana Audubon General

Montana Audubon Public Policy

Montana Conservation Voters Education

Montana Society of CPA Legacy Foundation

MT Environmental Information Center

Muryl & Lu Myhre Foundation

NAMI – Billings

Nature Conservancy of Montana

Naturopathic Education & Research Consortium

Nile Foundation

Obert Undem Endowment for Community Vitality

Project Hope of Stillwater County

Rimrock Opera Company

Rocky Mountain College Library

Sandra K. Anderson

St. James Episcopal Church of Lewistown

Stillwater Historical Society

Thomas & Amoretta Wilkins

Thomas L. & Linda M Weeks Family

Tumbleweed

Unity Church of Christianity

Volunteers of America Northern Rockies Independence Hall

Western Heritage Center Permanent

Winnett Hughs Scholarship Grass Range

Wise Wonders Science & Discovery Museum

Yellowstone River Parks Association

Yellowstone River Parks Association John H. Dover Park

Yellowstone Valley Audubon

YMCA

Zion Lutheran Church of Lewistown

ZooMontana