Montana Endowment Tax Credit

A tax advantage for endowment giving in Montana

What if there was a way to get up to a $10,000 credit on your taxes? What if we told you by getting this credit, you'd not only benefit yourself but also benefit Montana? And what if we told you Montana is one of just a few states to offer a credit like this?

Formally known as the Montana Charitable Endowment Tax Credit, the Montana Endowment Tax Credit (METC) offers you a credit of 40% of a qualifying planned gift's federal charitable deduction, up to a maximum of $10,000, per year, per individual. It also allows a credit of 20% of a gift's federal charitable deduction for a direct gift by a qualified business up to a maximum of $10,000 per year.

Planned gifts are a way of giving that allows donors to maintain access to income during their lifetime, if desired, provide estate and tax planning tools, and build permanent wealth for Montana’s charities, nonprofit organizations, and local community foundations.

The state of Montana considers certain types of “planned gifts” from individuals such as charitable gift annuities, deferred charitable gift annuities, charitable trusts, and gifts of paid-up life insurance to be donations that qualify for the METC. Your contribution is made directly to the Montana Community Foundation and set up as a planned gift that will provide future benefit to the causes you care about.

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My clients continue to be excited and very
pleased to be able to permanently support
the Montana charities of their choosing while taking advantage of a fantastic tax benefit.

- Ron Yates, CPA