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 haritable
giving can provide you with valuable tax deductions, income
for life and a sense of satisfaction in knowing that you have
done your part to ensure land conservation efforts will continue
in the Gallatin Valley.
Please consult your financial professional before undertaking
any charitable gift.
Cash | Appreciated
Assets | Charitable Annuities
| Bequests
Remainder Trusts | Montana
Tax Credit
Gifts
of Cash
Gifts of cash are often the simplest and most convenient way
to support GVLT. Your gift will be used to support
GVLT's three conservation programs: conservation easements,
community trails and public education. Cash gifts are tax-deductible
for the calendar year in which they are made.
Gift
of Appreciated Assets
 Gifts
of stocks, real estate or other appreciated assets can be
mutually beneficial ways of giving to GVLT. Gifting
appreciated assets allows you to receive a tax deduction for
the fair market value of the appreciated gift. Gifting appreciated
assets can also help you avoid costly capital gains taxes.
GVLT
is able to sell your assets and put all the money to work
without any additional tax liabilities.
Charitable
Gift Annuities
A
charitable gift annuity is an irrevocable transfer of cash
or appreciated assets to GVLT in exchange for a fixed
annuity income for life. The rate of return is determined
by your age.
In
addition to receiving a life income from the gift, there are
federal and state tax benefits available. If the gift is specified
for GVLT's endowment fund, there are additional benefits
under the new Montana Tax Credit.
Bequests
Sometimes
the desire to give is constrained by your current financial
situation. A will allows you, rather than the state, to determine
the disposition of your assets and reflect the importance
of GVLT and its work in your life.
There
are a number of ways you can leave a permanent legacy to GVLT
through your will. You may bequest a specific sum of money
or a percentage of your estate. You may also stipulate that
GVLT receive the remainder of the estate after other
gifts are distributed.
Bequests to GVLT are not subject to estate taxes. As
a result, more of your money can be put to work for GVLT instead
of lost to unnecessary taxes.
Charitable
Remainder Trusts
A
charitable remainder trust (CRT) is an irrevocable, tax-exempt
trust that may provide lifetime income for you and your family.
A CRT holds your gifted assets and pays a dividend to you
or your family. At the termination of the trust, GVLT
receives the remaining assets. The trust is managed by a financial
professional to help ensure the proper return from the gifted
assets.
A
CRT provides both income and estate tax deductions and offers
a savings of the capital gains tax when the trust sells appreciated
assets. Additional tax benefits may be available under the
Montana Tax Credit when specified for GVLT's endowment
fund.
Montana
Tax Credit
A
new Montana tax credit (HB 434) allows you to pay less in
Montana income taxes when a qualified planned gift is made
to a Montana charitable endowment.
This
bill allows you to take a tax credit of up to 50% of qualifying
contributions, up to a maximum $10,000 credit per person per
year. A credit of equal size is allowable for cash gifts to
endowments from S corporations, C corporations, partnerships
and limited liability companies (LLCs).
Qualified
contributions by individuals are irrevocable planned gifts,
including: charitable remainder trusts; charitable gift annuities;
and paid-up life insurance policies.
This
Montana tax credit has a sunset clause and is set to expire
December 31, 2001.
Gallatin
Valley Land Trust
105 W. Main, Suite 2B
P.O.
Box 7021
Bozeman, MT 59771
406-587-8404 Fax: 406-582-1136
E-mail: landtrust@gvlt.org
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