Frequently Asked Questions - Taxes

The Bozeman Area Community Foundation Board of Directors has temporarily suspended grant making from the Foundation's general fund in 2009. The Foundation's annual grant cycle will resume in the Fall of 2010. Please check back for further information.



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We welcome your questions and comments. Please see our contact form.

Contact Bozeman Area Community Foundation

Question: Is it IRS approved?
 
Answer: Yes. It is a 501c(3) public charity with additional Montana approval - copies available.
 
Updated: 03/10/03




Question: I would like to avoid capital gains taxes by gifting property or stock to you. Is this OK?
 
Answer: Yes. It is one of the ways donors support worthy causes and also reduce taxes. Congress allows you to save income and estate taxes by claiming charitable deductions. Large gifts and gifts of real estate usually require careful tax planning. We would like to discuss this with you and your financial advisor before you make any gift or list any property for sale.
 
Updated: 03/10/03


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