Let BCF be your Planned Giving Partner
- A federal charitable deduction for your gift is available for those who itemize.
- A Montana credit is available for 40% of the present value of any planned gift to a permanent endowment up to a maximum of $10,000 per tax payer (individual or business).
- A Montana credit of 20% is available for a cash gift given by a business entity to a permanent endowment. With a gift of appreciated property there is no recognition of the capital gain for federal or Montana income tax purposes.
- You can qualify for a federal tax deduction, a Montana state tax credit and not have to recognize the capital gain on gifts of appreciated property.
Billings Community Foundation
PO Box 1255 Billings, MT 59103
Donor-advised funds are convenient, flexible tools for individuals, families, businesses, or groups that want to make a tax deduictable gift today and be personally involved in suggesting grant awards in future years made possible by their gifts. Donor-advised funds are typically less costly and easier to administer than other similar forms of philanthropic giving (such as family or corporate foundations).
Life Income Gifts
Life income gifts allow you to leave your legacy in the care of BCF, while earning income for yourself or a loved one during your lifetime. The two most popular life income gifts are charitable gift annuities (both immediate or deferred) and charitable remainder trusts.
Outright and Deferred Charitable Gift Annuities
Giving through a charitable gift annuity allows you to arrange a generous gift to your community, while providing yourself or a loved one a new income source you can count on for the rest of your life. Should you wish to defer the income source until a later date, such as retirement, a deferred charitable gift annuity may suit you. Outright and deferred charitable gift annuities designated to endowments allow Montana donors to take advantage of the Montana Endowment Tax Credit. This credit offers Montana taxpayers a dollar-for-dollar reduction in taxes owed (in the year the gift was given) equal to 40% of the charitable portion of the gift (up to $10,000 per taxpayer). The bottom line is you can make a substantial gift to charity for just pennies on the dollar. We can show you how - Contact Teresa or Obert for details. (Application Form)
Charitable Remainder Trusts
The charitable remainder trust is a planned giving
vehicle that provides immediate tax benefits and is structured to generate lifetime income for specified beneficiaries (including yourself). Upon a donor’s death, the remainder of the trust’s assets are transferred to a beneficiary non-profit organization, such as BCF.
Bequest by Will – Leaving a Legacy
Bequests are easy to set up, flexible, and provide a range of giving options. Your instructions can be as detailed as you wish, and you can direct your philanthropy through a number of different BCF funds. You may elect to gift a specific dollar amount, a percentage of your estate, or what remains after other bequests are satisfied, such as those to family members. The savings in estate taxes resulting from a gift to BCF can be significant, since bequests to the foundation earn a full charitable deduction on estate taxes.
Donor Designated Endowments
Donor designated endowments allow donors to provide ongoing support to one or more of their favorite causes. You make a one-time designation to the organizations you wish to support and, because the gift is given through an endowment at BCF, it provides the organization(s) with annual grants, in perpetuity.
BCF Endowment Fund
Annual income from gifts to this fund help ensure the important work of BCF remains viable throughout the six regions we serve in perpetuity – supporting BCF’s grants program, planned giving services, and organization endowment building.
BCF Community Fund
The community fund provides the most flexible way to help meet the changing needs of our communities. Funds are awarded annually to qualified non-profits to help address the most vital community issues and opportunities.
Special Project Funds
BCF can receipt gifts from donors designated to a specific organization(s) for a specific program or building project. Funds are distributed according to the instruction of the donor.
BCF Field of Interest Funds
This fund is for the donor who has the desire to help a particular area such as education, child development, or the arts. By designating the general field of interest, not a specific organization, you allow BCF the flexibility to address changing community needs. These funds are distributed annually through the grant award program.
Education Scholarship Fund
Scholarship funds can be structured to benefit students at any education level or for a specific institution. A fund can also be established to honor a loved one.
Fiscal Sponsor Program
BCF can also be used to support charitable work of unincorporated groups. BCF’s non-profit status can be used as an “umbrella” to receive gifts and support groups doing charitable work throughout the community. As a Fiscal Sponsor, the BCF Board and staff assist the group with fiscal management.
BCF's geographic focus is primarily Big Horn, Carbon, Custer, Musselshell, Stillwater, Treasure and Yellowstone Counties. BCF Federal Tax ID# 20-4286919.
Please note that the information contained here is not intended to provide specific legal or financial advice and should not be relied upon as a substitute for such professional advice. The Billings Community Foundation encourages you to seek professional legal, estate planning, and financial advice before deciding on a course of action.