In November 2017, the Park County Community Foundation established a permanent endowment for the benefit of the Park County Community Foundation: the Fund for the Future, which was approaching $8 million in gifts and pledges at the end of 2022.
The concept is simple:
People who care deeply about Park County may make large or small gifts to the Fund for the Future. These gifts are pooled and invested to create a growing permanent endowment. Investment professionals manage the assets, professional accountants conduct audits, and annual reports offer detailed financial information to the public. As assets increase, so does our capacity to support projects and programs that enhance our community.
As this endowment grows, a portion of the earnings will be earmarked for grantmaking activity, but the endowment itself will remain intact and untouched. Regardless of dips in the economy, shifts of population, and changes on the political landscape, the Park County Community Foundation is here today ... and will be here tomorrow.
We welcome conversations with donors who may be interested in leaving a legacy in Park County to secure a future that reflects their ties to this special place.
Certain gifts to the endowment qualify for the Montana Qualified (Endowment) Tax Credit. The law provides for:
- Planned Gifts — Individuals and joint-filing taxpayers receive credit against state income-tax liability up to a maximum of $10,000 per year per taxpayer ($20,000 for joint filers) for planned gifts to an endowment. Planned gifts allow donors to maintain access to income during their lifetime and provide estate- and tax-planning tools. Charitable gift annuities are the most often-used planned gift for this purpose.
- Outright Gifts — Corporations, small business corporations, partnerships, or limited liability companies may give gifts of cash and receive credit against state income-tax liability up to a maximum of $10,000 per year per taxpayer.
By providing a permanent legacy gift to the community and causes you and your family care about, you can create significant tax savings for yourself or your business while building permanent wealth for the Community Foundation and the community we support.
For more information or to make a contribution, please contact Finance Director, Annie Beaver, by email at Annie.Beaver@pccf-montana.org or phone our office at (406) 224-3920.