Our state lawmakers understand the importance of endowments and their long-term impact in meeting the charitable needs of our state. That’s why the Montana Endowment Tax Credit was enacted in 1997, and extended by the 2019 Legislature through 2025.

The law encourages donations to qualified endowments at a Montana charity (such as those at the Foundation). There are significant tax savings (up to $10,000) for Montana businesses and individuals that pay Montana income tax.  If you aren’t aware of the credit, here are the basics.

For businesses, a direct gift qualifies for a 20% tax credit.  So, on a $10,000 gift from a business, a credit of $2,000 is available on the Montana tax return, reducing the “cost” of the gift to $8,000.

For individuals, the credit is higher–40%–but the gift must take the form of a qualified “planned gift.” By far, the majority of Montanans accessing this valuable credit do so through a deferred gift annuity.

The Montana Endowment Tax Credit is a valuable tool. It may sound complicated, but the Foundation makes it easy.  With the minimum gift annuity amount of $2,500, many households can participate.  Let us help you access these tax savings while providing perpetual financial support to the Catholic ministries you love.

To receive a no-obligation illustration, simply complete and return the Gift Annuity Information Request Form – available for download HERE.

To learn more about the Montana Endowment Tax Credit, read the MontGuide on this subject prepared by the Montana State University Extension – available HERE.

This information is not intended as tax advice; please discuss with your tax advisor.