Montana Endowment Tax Credit
Montana Endowment Tax Credit
Make a lasting impact - and receive a state tax benefit.
The State of Montana encourages gifts that support permanent endowments for charitable organizations like the Glendive Medical Center Foundation. Through the Montana Endowment Tax Credit, individuals and businesses can receive a significant state income tax credit when they make a qualifying planned gift to our Foundation’s endowment.
How it works for donors
- Individuals can receive a 40% state income tax credit on the present value of a qualifying planned gift (such as a charitable gift annuity, charitable remainder trust, or other planned giving arrangement).
- Businesses, estates, and corporations can receive a 20% credit for direct gifts to our permanent endowment.
- The credit applies to Montana state income tax and can reduce your tax bill while supporting healthcare in our community for generations to come.
Why it matters
Your endowment gift is invested to provide ongoing support for Glendive
Medical Center. The principal remains intact, while the earnings help
fund patient care, equipment, and programs year after year.
Getting started
Because each donor’s situation is unique, we recommend you:
- Consult your tax advisor or financial planner to determine the best planned giving option for you.
- Contact the Glendive Medical Center Foundation to explore how your gift can strengthen healthcare in Eastern Montana and surrounding communities far into the future.
For more details or to discuss your legacy gift, please call 406-345-2627 or email csager@gmc.org