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Make a gift and earn a Montana tax credit

Legacy Foundation Endowment

Tax planning is important for CPAs as well as their clients. We encourage you to consider using the Montana tax credit to reduce your tax liability. When deciding between the many deserving organizations across Montana, we encourage you to keep the MTCPA Legacy Foundation in mind.  

If you happen to have appreciated securities in your personal portfolio, you should consider gifting appreciated securities to the MTCPA Legacy Foundation Endowment instead of cash and save additional tax on the appreciation avoided – up to an additional 28% of the capital gain avoided.  

Please give an endowment gift to the MTCPA Legacy foundation by December 31st and receive a 40% MT Tax Credit on your individual tax return, as well as a net federal tax itemized deduction! Depending upon your personal tax situation – including your taxable income, tax bracket, filing status, age and whether you itemize your federal deductions- you could save between 40%-60% of the charitable amount of the donation! Isn’t this a darn good payback just for being charitable and giving a gift to support the Montana accounting profession in perpetuity?

Thus, by making an endowment gift by December 31st you could save between close to 40% and potentially up to 80% - of the charitable amount gifted on your personal taxes. Of course, the actual tax savings depends upon your personal tax situation. Please consult your tax advisor – probably you – or let us know if we can run a planning scenario for you so that you can work with real numbers, as all CPAs love to do!


Our trusted partner who administers our endowment

Billings Community Foundation

We are pleased to work with a great partner who administers our Endowment.  The Billings Community Foundation can walk you through the process and answer any questions you might have.  When you are ready to make your gift, you can reach them at 406-839-5552.

COntact BCF