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North Valley Hospital

Montana Endowment Tax Credit

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The Montana Endowment Tax Credit provides an extraordinary opportunity to reduce your Montana taxes by directing funds to an endowment at North Valley Hospital. Currently, the tax credit provides one of the greatest philanthropic opportunities. You may receive a federal income tax deduction for your gift, a credit on your Montana state income taxes and capital gains tax savings if appreciated assets are given. Funding for the future through endowment giving means your gift is held and invested in perpetuity and only investment income is used for accomplishing the purpose of your gift.

Individuals

Individuals are required to donate through a planned gift, which is as simple as establishing a charitable deferred payment gift annuity with the Whitefish Community Foundation to benefit the North Valley Hospital Foundation Endowment Fund and allows a tax credit of up to 40 percent against Montana income tax owed. The maximum credit is $10,000 per individual or $20,000 if you file jointly. Cash, securities, real estate and other assets may be used to fund a charitable planned giving instrument to qualify for the tax credit.

Large Businesses

The maximum credit that may be claimed for all contributions by a corporation doing business in Montana is $10,000 per year, and the credit is limited to 20 percent of the charitable contribution. Direct gifts of cash, securities, real estate or other assets qualify for the tax credit.

Small Businesses and Estates

Partnerships, limited liability companies (LLCs), small businesses (S corporations) and estate beneficiaries are allowed the same Montana Tax Credit – up to $10,000 per year per partner in LLCs, partnerships or S corporations, and per estate beneficiary. The credit is limited to 20 percent of the charitable contribution. Direct gifts of cash, securities, real estate or other assets qualify for the tax credit.

For More Information

Please contact Alan Satterlee at (406) 863-3560 for more information regarding this incredible opportunity.

North Valley Hospital Foundation urges all prospective donors to seek the assistance of personal, legal and financial advisors in matters relating to their gifts or discover more information about tax credits at the Montana Nonprofit Association.