There are many great ways to invest in Montana State University Billings. Foundation staff is available to meet with donors and their financial advisers to help structure gifts that will achieve family, estate, and financial goals while fulfilling their desire to make a charitable gift to the MSU Billings Foundation and help build a legacy for future generations.
- Outright Gifts
- One-time gift of cash
- Recurring gifts
- Matching gifts
- Real Estate
- Personal property such as works of art, rare books or coins
- Planned Gifts
Charitable Gift Annuities and Charitable Remainder Trusts provide income to the donor and assets to the Foundation upon the termination of the trust.
Life Insurance policies wherein the Foundation is named owner and beneficiary
Montana Income Tax Credit for Endowed Philanthropy*
Montana residents considering a planned gift may wish to take advantage of the revised “Montana Income Tax Credit for Endowed Philanthropy.” The following tax credits are available through 2019.
The credit available for individuals making “qualified” planned gifts to Montana endowments will be 40% of the charitable portion of the gift. The direct credit available to corporations and “pass through” entities will be 20% of the value of gifts to Montana endowments.
The Montana Tax Credit for Endowed Philanthropy still provides an amazing incentive for charitable Montanans to promote the common good in their communities, while significantly reducing their tax liability. Compare the cost for an individual in the 35% federal tax bracket making a $20,000 qualifying planned gift to the Montana State University Billings Foundation with and without the tax credit.
|Gift With Tax Credit*||Gift Without Tax Credit|
|Value of Charitable Gift||$20,000||$20,000|
|Less: MT Tax Credit||($8,000)||($2,200)|
|Fed Tax Savings||($7,000)||($7,000)|
|Net Cost of Gift||$5,000||$10,800|
For more information, contact Jon Egeland, CFO