Mental Health Association of Montana


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Story of the Bell

Planned Gift

The Montana Mental Health Association is pleased to provide you with information as you finalize your estate plans. There are many ways to bequest a gift, including a letter of intention, a life-time pledge and immediate or deferred bequests. To find out which plan best suits your needs, please consult an attorney. Sample Language for including the Montana Mental Health Association in your estate plans:

Support the MMHA by:


Outright Bequests

I give, devise and bequeath to the Montana Mental Health Association, a tax-exempt organization, located at 205 Haggerty Lane, Suite 170, Bozeman, MT 59715, the sum of $________ (or real or personal property herein described), to be used for the general purpose of the Association at the discretion of its Board of Directors.

Bequests for a Specific Purpose

I give, devise and bequeath to the Montana Mental Health Association, a tax-exempt organization, located at 205 Haggerty Lane, Suite 170, Bozeman, MT 59715, the sum of $________ (or real or personal property herein described) for the purpose of _____________.

 

Additional Tax Advantage to Montana Residents

A 1997 law enacted by the Montana Legislature allows Montana taxpayers who make certain charitable gifts to take a credit against their Montana Income Tax. Through December 31, 2001 Montana taxpayers that make a qualifying gift to an endowment may be able to take a credit against their Montana income tax liability. The gift must be made to an endowment (e.g. the gift is held and invested in perpetuity and only the income can be used to support the endowed purpose) held by a qualified charity. The gift can create an endowment or it can be made to an existing endowment. MMHA is interested in starting an endowment and is anxious to join with a potential donor to do so.

The credit may not exceed the taxpayer's Montana income tax liability and is limited to 50% of the value of the charitable gift.

The maximum credit an individual taxpayer may take from gifts to all sources is $10,000. The taxpayer may take a tax-credit or a tax-deduction for the amount being claimed, but not both.

The credit must be applied in the tax year in which the gift was made. There is no carry back or carry forward provision, but a gift can be made in each year the law is in effect.

 

All of these estate planning options have charitable tax benefits.
If you have questions, please contact the MMHA Executive Director




Montana Mental Health Association
205 Haggerty Lane, Suite 170

PO Box 88

Bozeman, MT  59771

  Phone: 1-406-587-7771

Toll-free: 1-877-827-MMHA (6642)

Email: info@montanamentalhealth.org

 

 

Last Updated: March 6, 2008