Planned Giving Leave a Legacy
We have come to know that many Missoulians want to leave a legacy of giving beyond their lifetimes.
A great way for you to give back to the Missoula Community is by making a planned gift. Planned giving is an easy way to leave a gift for the community or interest areas you care about most. If you need help with your estate plan or have questions about how to go about this let’s set up a meeting.
Montana’s Endowment Tax Credit makes planned giving even more enticing. This tax credit helps keep more wealth in Montana. It 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 Missoula Community Foundation’s permanent endowment fund .
You can leave a bequest in your will, living trust, or with a codicil. You will be able to use that gift during your lifetime and leave a legacy that will give back to your community in perpetuity. General bequest offer the most flexibility, it allows us to address the greatest unforeseen needs that our community may face. Specific bequest can help establish endowments for your favorite charities or your area of interest (art, environment), creating reliable income that increases over time for the area or charity.
Individuals with a retirement plan, whether through their employer or their own Individual Retirement Account (IRA) or 401(k)s, 403(b)s and pension plans, can ordinarily select the Missoula Community Foundation as a beneficiary of the remaining balance or a portion of the balance. These gifts are arranged by donors contacting the administrator of their plans.
Life insurance is a wonderful way to make a gift. A gift can be set up by a donor, selecting the community foundation as a beneficiary of all or a portion of the policy’s proceeds. Or, a donor could give you a policy and your charity could either cash it in or hold it until a later date. A donor could even give your charity the policy, make annual gifts equivalent to the premium and let you take over the payments.
Sample Bequest Language
“I give to Missoula Community Foundation, a Montana nonprofit corporation located at 508 E Broadway, Missoula, MT, 59802, Federal Tax ID , or its successor organization, the sum of $_____(or % of my estate), (or named property to be used for its general support and charitable purposes ) to be used for its general support and charitable purposes without restriction”