The Montana Qualified Endowment Tax Credit allows donors to pay less in Montana state income taxes when they give a qualifying planned gift to a qualified Montana charitable endowment like the Sweet Grass Community Foundation’s permanent endowment fund.
An endowment is a fund held by a tax-exempt organization where the principal of the fund is not wholly expendable. Only the interest and appreciation earned in an endowment fund can be used for current operations. Endowments are established to help Montanans meet long-term needs in our communities for education, social services, health care, economic development, the arts and more.
Individuals who make a planned gift to a qualified Montana endowment fund will receive a tax credit of 40% of their gift, with a maximum credit of $10,000 ($20,000 for joint filers).
Businesses and corporations that make a direct gift to a qualified Montana endowment fund will receive a tax credit of 20% of their gift, with a maximum credit of $10,000.
To learn more, visit the Montana Endow website:
Funds will allow us to update one of our rescue trucks. The new truck is fully equipped for our needs featuring a utility body so we can organize our gear better, making us more efficient and safer on rescue scenes. It also comes with a full emergency lighting package and mobile radio which saves us the cost of having to purchase and install those separately.