▪ All kinds of assets make great year-end gifts for the permanent endowment fund of your local parish, school, or favorite ministry. This includes cash, stocks, mutual funds, paid-up life insurance, crops, livestock and land. These assets can be given outright OR to fund a planned gift, so that you can receive the 40% “Montana Endowment Tax Credit.”
▪ If making a gift by cash or check, be sure it is postmarked by December 31st if you plan to deduct it in 2018.
▪ You may also give online by credit card before or on December 31 at www.CatholicFoundationMT.org.
▪ If you are age 70 ½ or older, you may give a gift directly from your IRA without having to claim it as income in 2018, thus avoiding income tax. Be sure to instruct your IRA administrator to send the gift directly to the Catholic Foundation of Eastern Montana. (If the gift first comes to you, it may be subject to income tax.)
▪ Gifts of stock, mineral interests, paid-up life insurance, real or personal property all take a certain amount of preparation. Please visit with us for help as to how to make gifts of these assets. Call (406) 315-1765 or email judy@catholicfoundationmt.org.
▪ You can honor someone living, or remember someone who has passed, with any of the above gifts. We would be honored to send a nice card to whomever you specify (if you wish) to let them know of your gift at this special time of year.
Please use the envelope enclosed in this issue of The Harvest for your convenience, or send your gift to:
Catholic Foundation of Eastern Montana
PO Box 1345
Great Falls, MT 59403
You will receive a receipt for your donation that contains the necessary tax-substantiation required for 2018 tax purposes.
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