Creating a philanthropic legacy through Park County Community Foundation allows you to support the causes you care about, and sustain our community, long into the future. In the process you can realize financial, tax and estate planning benefits.
Bequests
A bequest to a fund at the Community Foundation is an enduring way to ensure that the charitable causes that have become important to you and your family over the years continue to be supported beyond your lifetime. Bequests can be made by will or revocable trust.
Deferred Charitable Gift Annuity
This option allows donors to transfer a gift to the Park County Community Foundation through the Montana Qualified (Endowment) Tax Credit.
Retained Life Estate
You can deed real estate to charity, save taxes now with a current deduction and enjoy the property for the rest of your life. The Park County Community Foundation can help transform your property’s value into a legacy to benefit your community and meet charitable intents, while allowing you to realize financial and tax benefits. Proceeds from the eventual sale of the real estate will help leave your legacy and carry out your charitable intentions.
Retirement Plans
Naming the Park County Community Foundation as a beneficiary of your retirement funds—such as IRA, 401(k) or 403(b)—is a straightforward and effective way to benefit the community. This type of planned giving may reduce significant, often unanticipated, tax payments. The Community Foundation can receive these types of assets free of estate and income tax.
Life Insurance
The Park County Community Foundation can be named as the beneficiary of a life insurance policy. Even more advantageous, a donor can transfer ownership of a life insurance policy to the Community Foundation, receiving a charitable contribution for the lesser of the policy’s basis or its cash surrender value. Subsequent premium payments on the policy are also tax-deductible.
Please Allow Us to Thank You
We respectfully ask that you remember the Park County Community Foundation in your will or estate plan. If you do create a bequest to the Foundation, please let us know so that we may be permitted to properly thank you.
