Charitable Giving

West Mont has been caring for Montanans since 1973. As a 501(c)(3) nonprofit organization, Charitable Giving is vital to us. It assists us in continuing our mission of serving people with disabilities. As you consider your estate planning, we hope that you will also consider us. Your gift would go to good use and may save you tax dollars. There are many ways that you can donate to West Mont including:

Cash

Charitable gifts are most often made in the form of cash or checks. When you itemize your tax deductions, gifts of cash may be used to eliminate federal income tax on up to half your adjusted gross income. A state income tax savings may also apply.

Gifts of Appreciated Property

Donating stocks, bonds, real estate and other appreciated assets that have been held long-term (12 or more months), are generally tax deductible at the current value rather than actual cost. Advantages may include receiving an income tax deduction and bypassing tax on the capital gain

Charitable Remainder Unitrust

The donor receives an income based on a percentage of the total value of the assets in the trust each year. The charity receives trust assets at expiration of the term of the trust and the donor receives an initial income tax deduction at the time the trust is created. You pay no capital gains tax on the transfer of donated assets plus you may receive a possible federal estate tax savings.

Gift Annuity Agreement

Similar to a Unitrust except a Gift Annuity is a contract under which a charity, in return for a transfer of cash, marketable securities, or other assets, agrees to pay a fixed amount of money for the life of the contract, rather than a percentage of the assets of the trust. Advantages to a donor can include an initial income tax deduction and payments may be partially free of tax for a period of time. The donor reports capital gains over his life expectancy at what may be a lower tax rate.

Charitable Lead Trust

A Charitable Lead Trust is created to provide income to a qualified charity for a designated period of time typically 5, 10, 15, 20 or more years. Your gift can be for a specific amount or particular assets, or a percentage of an estate, or a portion of the amount remaining in an estate. With this plan it may be possible to transfer assets to heirs while paying little or no gift or estate taxes.

Provision By Will

The donor retains all income and access to property, as nothing is transferred prior to death. The gift can be a specific amount, or specific assets, a percentage of the estate, or a portion or all of the remainder of the estate. The fair market value of assets may be deductible for purposes of estate tax liability. The donor’s advantages include control of the property during their lifetime. An estate tax savings may apply.

Codicil

If your will is valid and up-to-date, you can have your attorney prepare a codicil to add a beneficiary without having to rewrite your entire will.

If you would like more information or want to make a donation, please contact the West Mont Development department at 406-447-3100.