Endowment
What a Gift to the Endowment Means
An endowment is a fund held by tax-exempt organizations where the principle of the fund cannot be expended. The interest and appreciation earned on an endowment fund can be used for operating expenses.
BBBSGC currently holds an endowment, which helps us ensure financial stability into the future. Growing our endowment will help us further diversify our funding base, and become less reliant on special event and individual donor revenue.
Did you know that a planned gift to our endowment can save you money on your state income taxes? Montana is one of the few states in the nation that has an incentive for charitable giving. The Montana Endowment Tax Credit allows donors to pay less in Montana state income taxes when they give a qualifying planned gift to a Montana charitable endowment. The incentive is 40% of the gift’s federal charitable deduction, up to a maximum $10,000 tax credit, per year, per individual, and a credit of 20% of a direct gift by a qualified business, up to a maximum of $10,000 per year.
Endow A Match
With a gift of $10,000 to the endowment, you can endow a match relationship. This gift will help BBBSGC sustain our program well into the future, and reach out to the many more children in Gallatin County who need our program. Endowing a match truly has the ability to increase the services of BBBSGC, and change the lives of the children affected. Endowing a match allows you a number of benefits, including a picture and plaque of your match, periodic updates of your match throughout the lifetime of the match, invitations to match activities, recognition at events and recognition in the BBBSGC newsletter and annual report.
Big Brothers Big Sisters staff can also assist individuals interested in making planned gifts, bequests, gifts of Insurance, Real Estate or Appreciated Securities. CEO, Neelie Burman, is available to speak with donors about ways to meet their goals and provide much needed support for our programs. Neelie can be contacted at [ email ], or is avaliable by phone at (406) 587-1216.
Big Brothers Big Sisters of Gallatin County endowment and investment funds are managed by:
Montana Community Foundation
D.A. Davidson