November is a great time to donate to Billings TrailNet! What makes this time of year so special?
Endowment giving benefits both you and Billings TrailNet!
If you give to our Endowment, you can offset your Montana State income tax by 100%!
You can eliminate your state income tax and reduce your Federal income tax through the Montana Tax Credit for Endowed Giving.
For as little as $2,000 (you can set any minimum you want) you can make an immediate charitable gift annuity or deferred gift annuity to Billings Trailnet’s endowment. This gift will provide an enduring source of support to permanently enhance the trail projects you love, as well as provide you with immediate tax savings and long-term income.
If you are a Montana donor making a planned or deferred gift to the Endowment, you may be eligible for the Montana Tax Credit for Endowed Giving—an incentive of 40% of the present value of a planned gift, up to $10,000 annually, to be taken as a direct credit against your state income tax liability.
Please note that this incentive provides a tax credit—not a deduction. The credit enables you to directly reduce or eliminate the amount of Montana income taxes that you pay and it is a charitable deduction on your Federal income tax.
The Billings Community Foundation is set up to manage endowments for nonprofits. To give appreciated stock, a donor just needs to tell their broker to set up the gift with the Billings Community Foundation for the nonprofit of their choice. Donors must live in Montana to be eligible, and if they make their gift before December 31, 2021 the credit will apply toward their 2021 taxes. More information is at mtnonprofit.org/endow-montana.
Billings TrailNet works daily at advocating for trails and bikeways, informing the public about trail and bikeway-related issues, planning monthly events to encourage physical activity, and being the pipeline between the public and city administrators on infrastructure needs.
These activities provide a unique and valuable service to the Billings community. Giving a planned gift to Billings TrailNet will community for years to come.
For more information on making an endowment gift to Billings TrailNet, please contact the Billings Community Foundation, at 406-839-5552 or email them at director@billingscommunityfoundation.org.
Membership has its privileges
Billings TrailNet members not only get the good feeling of keeping the 24/7 OUTDOOR gym growing and thriving, they also get:
- an invitation to our Membership Appreciation Event on November 15, where you get one free glass of wine and a fun evening at Yellowstone Cellars with an opportunity to talk to our board members, be a part of our next big project and bid of amazing silent auction items, and a chance to make a major tax-deductible donation toward trail projects
- a member’s only forum, where you can log in on our website and talk about issues important to you or sell bike/trail equipment
- an invitation to fun, year-round membership events
Giving Tuesday (November 28)
Be part of a global day of giving, where your gift has exponential effects. When you give during Giving Tuesday, it inspires others to give and we can do amazing things! Join the global movement to rally your community and give back.