Planned Giving

Montana Endowment Tax Credit

The Montana Endowment Tax Credit provides a special tax credit for certain types of gifts to nonprofit organizations, including United Way of Yellowstone County. This credit is offered to individual taxpayers, small businesses, corporations, and estates, and increases the federal tax deduction.

How the Tax Credit Works

The donation must be to an endowment (the gift is held and invested in perpetuity and only the income can be used to support the endowed purpose) held by a qualified 501(c) (3) charity, such as United Way of Yellowstone County. The gift can create an endowment or it can be made to an existing endowment. The credit may not exceed the taxpayer’s Montana income tax liability and is limited to 40% of the value of the charitable gift. The maximum credit an individual taxpayer can take is $10,000 or $20,000 per couple. The taxpayer may take a tax-credit or a tax-deduction from the amount being claimed, but not both. The credit must be applied in the tax year in which the gift was made. 

For More Information 

Contact our President & CEO, Kim Lewis for more information or have your specific questions answered at (406)272.8501 or