Tax Advantages for Donors

Federal Tax Advantages

The Montana Natural History Center is a 501(c)(3) organization. Gifts to the Montana Natural History Center may qualify you for federal income tax charitable deductions and capital gains tax savings as allowed within the limits of the Internal Revenue Code.

Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

The new CARES (Coronavirus Aid, Relief, and Economic Security) Act is designed to help you, businesses, and nonprofits facing economic hardship during the coronavirus pandemic.

The CARES Act expands charitable giving incentives and allows taxpayers who take the standard deduction to make up to $300 of charitable contributions to qualified charities this year. For those who do itemize their deductions, the new law allows for cash contributions to qualified charities such as Montana Community Foundation to be deducted up to 100% of your adjusted gross income for the 2020 calendar year.

It is important to note that these new tax incentives do not apply to gifts made to donor-advised funds and do not apply to non-cash gifts. Please speak with your financial advisor for information specific to your individual situation.

Montana State Tax Advantages

 Montana Endowment Tax Credit

Since 1997, Montana law has provided a special tax credit for certain types of gifts to nonprofit organizations. This credit is offered to individual taxpayers, small businesses, corporations, and estates, and augments the federal tax deduction.

Individuals who make a qualifying gift may claim up to $10,000 or $20,000 per couple. Businesses may claim a maximum of $10,000. Please visit the Montana Community Foundation’s Montana Endowment Tax Credit webpage for additional information and resources.

If you’d like additional resources on how your gift to Montana Natural History Center provides you tax advantages please contact Mark Schleicher at 406-327-0405 or mschleicher@montananaturalist.org.