Your Guide to Year-End Giving
Make your donations work harder—for you and for Plentywood.
Giving before year-end isn’t just a gift to our alma mater—it’s an opportunity to maximize your tax savings. Whether you itemize deductions or take the standard deduction, charitable contributions can significantly reduce your tax burden.
Why It Matters
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Gifts may qualify for federal and state income tax deductions—especially beneficial in higher tax brackets.
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Example: A $1,000 donation at a 28% tax rate effectively costs only $720 after tax savings.
IRA Rollover
If you're age 70 or older, you can donate up to $100,000 directly from your IRA. This not only supports Plentywood but also helps you avoid mandatory minimum distributions and additional taxes.
Montana Endowment Tax Credit
Montana residents can receive a 40% state tax credit (max $10,000/year) for qualifying donations to Montana nonprofits. For businesses, the credit is 20% (max $10,000/year).
Wildcat Spirit donors Blake & Erin Rasmussen of Plentywood.
The Benefits Possible With Year-End Giving
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Save on this year's income tax
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Save on capital gains tax
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Save on future estate tax
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Increase your support for charity
Ways to Give at a Glance
Bequest
Named in your will or trust—costs nothing during your lifetime.
Living Trust
Avoids probate; simply list the foundation as a beneficiary.
Gift Annuity
Provides lifetime income in exchange for a donation.
Life Insurance
Charitable Remainder Trust
Retirement Assets
Highly taxed if passed to heirs, tax-free when given to charity.
Charitable Lead Trust
Sends income to charity first, then supports your family—tax-efficient.
Real Estate & Life Estate Deed
Donate property but retain use during your lifetime—tax-saving strategy.
Art, Business Stock, Commodities
Diverse gift options with tax advantages and preservation benefits.
Endowments & Memorials
Creates permanent support in your name and honors your legacy.
*Large donors are encouraged to consult with their accountant or attorney to ensure their contributions are structured in a way that best aligns with their financial and legal goals.