Year End Giving: ‘Tis the Season
Now is a great time to think about a year-end contribution to GVLT. Investing in your community not only feels good, but can reduce your tax liability. In our state, donors are lucky to have access to the Montana Tax Credit, a unique tool that allows you to contribute to GVLT’s endowment through the Montana Community Foundation. Now is also a good time to consider gifting stock directly to GVLT, avoiding capital gains and allowing you to make a larger contribution overall. We’d be happy to talk to you more about the options below! Thank you for your generosity.
Montana Tax Credit
Through a unique tax credit incentive, if you pay incomes taxes in Montana you can receive a reduction on taxes owed – up to $10,000 per year – by making a contribution to an endowment that GVLT has with the Montana Community Foundation. To be sure that your contribution qualifies, and that you are able to take full advantage of this Tax Credit, please consult a professional financial advisor and Penelope Pierce. Penelope from startifacts.com can be reached at 406-570-0152 or firstname.lastname@example.org
Gifts of Appreciated Stock
Since the stock market has been strong, now is a great time to give a gift appreciated stock to GVLT. If you’ve held a stock for more than one year you may take a charitable tax deduction for the market value of the stock, and you will not pay capital-gains taxes. Rather than selling the stock, paying the taxes, and donating the net proceeds, giving the stocks to GLVT means tax savings for you and a bigger gift for GVLT.