Montana Endowment Tax Credit

The Montana Endowment Tax Credit (METC) provides a special opportunity to support One Valley Community Foundation's nonprofit partners, staff and programs while paying less in Montana state income tax.

History

Originally enacted in 1997 as the Montana Income Tax Credit (METC) for Endowed Philanthropy, it encourages charitable giving to qualified endowments by offering incentives to Montana taxpayers. It expires on December 31, 2025.

How does it work?

The Montana 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 One Valley Community Foundation’s permanent endowment fund or any of the nonprofit endowment funds held by the Community Foundation.

 
 

Eligible Gifts

  • Charitable gifts made by an individual to a qualified endowment by means of a planned gift.

  • Contributions from a corporation to a qualified endowment may be made by means of a direct gift.

Tax Benefits

  • Individuals are eligible for a state income tax credit of 40% of the gift’s federal charitable tax deduction, up to a maximum $15,000 tax credit

  • Married couples could qualify for a maximum of $30,000.

  • Qualifying businesses are eligible for a credit of 20% of a direct gift up to a maximum $15,000 tax credit.

Contact Bridget Wilkinson at (406) 587-6262 or @onevalley.org to learn more about how the Montana Endowment Tax Credit could benefit you.

Anna Burkholder