Win-win: How Montanans can reduce their taxes, support local causes

Photo provided by the Montana Community Foundation

The 2023 tax season is over, but there’s no time like the present to plan ahead for 2024.

One direction to consider: The Montana Charitable Endowment Tax Credit, or METC, encourages gifts to qualified endowments that forever benefit Montana nonprofit organizations and local communities.

The Montana Community Foundation offers guidance on how to qualify for the METC. The foundation has seasoned staff members who help donors execute planned gifts and lower their state income tax liability in the process.

How does this win-win scenario play out?

“This tax credit is a phenomenal opportunity for donors,” said Mary K. Rutherford, the Montana Community Foundation’s president and CEO. “It is really a pretty simple program on the surface. If I’m a Montana taxpayer, I can contribute to a permanent endowment that helps the communities and causes I care about. That donation is there in perpetuity, and you get the extra bonus of a reduction in your state income tax liability.”

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