GIVE TO OUR ENDOWMENT

SAVE UP TO $10,000 ON YOUR MONTANA TAXES

If you pay Montana state income taxes, you can make an eligible gift to Livingston HealthCare Foundation’s Endowment and receive a tax credit of up to $10,000. The gift must be a planned gift, there are details to be considered, so please consult with your own attorney and/or tax advisor before you decide what method of giving is right for your situation.

This credit is available to individuals who pay income tax in Montana and who make a qualified planned gift to a permanent endowment to benefit a tax-exempt charitable 501(c)(3) nonprofit organization. Businesses can qualify by making an outright cash gift or a planned gift to a qualified endowment to benefit a tax-exempt charitable 501(c)(3) nonprofit organization. The credit is only available in the year you make your planned gift, there is no carry-forward or carry-back. You can take advantage of the credit each year you make a qualified gift.

Livingston HealthCare Foundation’s endowed funds qualify for the Montana Endowment Tax Credit.

What is the maximum tax credit I can claim?
The credit is 40% of the planned gift's federal charitable deduction value, up to a maximum of $10,000 per individual or $20,000 per couple. For businesses, the credit is calculated at 20% of the value of an outright gift or 40% of the value of a planned gift, up to a maximum of $10,000.

What is the difference between a tax credit and a tax deduction?
Tax deductions lower your taxable income. Tax credits provide a dollar-for-dollar reduction of your state income-tax liability. This means that a $10,000 tax credit saves you $10,000 in taxes.

Which planned gifts qualify?

  • Charitable Gift Annuities
  • Deferred Charitable Gift Annuities
  • Charitable Remainder Unitrusts
  • Charitable Remainder Annuity Trusts
  • Charitable Lead Trusts
  • Charitable Lead Annuity Trusts
  • Charitable Life Estate Agreements
  • Paid-up Life Insurance Policies

For More Information

For more information on supporting Livingston Healthcare Foundation through a planned gift, please contactJessie Wilcox at 406.823.6256 or by email at jessica.wilcox@LivingstonHealthCare.org. Livingston Healthcare Foundation is a fully qualified 501(c)3 charitable organization under IRS regulations. Your investment is tax-deductible to the fullest extent provided by law.