This time – plan your ways to give!

A donation through the mail or a credit card gift online are the most familiar ways to give a charitable gift to your favorite causes. But have you ever considered planning your gift? These types of gifts offer significant tax savings.

Charitable Gift Annuities

Are you looking for a source of steady income in this low interest rate environment? Consider a charitable gift annuity to an endowment that will provide income now or later while giving Montanans an immediate tax credit through the Montana Endowment Tax Credit. You don’t need another source of income? A deferred gift annuity can be established now and revoked at a later date, which will qualify you for the METC.

IRA Charitable Rollovers

For those with an individual retirement account, an IRA charitable rollover is an
excellent way to give while offsetting your taxes when taking your distributions. While Congress waived the required minimum distribution for 2020, you may want to consider a charitable gift to reduce your balance when RMDs resume for 2021, reducing your future tax burden.

Gifts of Appreciated Stock and Property

Gifts of appreciated stock, mutual funds, and property can be transferred to make an impact to the students of MSU Billings. Appreciated assets that are donated will bypass capital gains taxes when given to charity.