ENDOW MONTANA

The Charitable Endowment Tax Credit that has so successfully created a more philanthropic Montana was extended by SB 108 (2013) to expire in 2019. A stakeholder coalition led by the Montana Nonprofit Association and the Montana Community Foundation guided the renewal of the credit during the 2013 legislative session.

Senator Taylor Brown, SD22, sponsored SB 108.

The following organizations supported the renewal of the Charitable Endowment Tax Credit

  • Association of Fundraising Professionals – MT Chapter
  • Benefis Health System Foundation
  • Big Sky Institute for the Advancement of Nonprofits
  • Billings Community Foundation
  • Business, Estates, Trust, Tax, and Real Property Section of the Montana State Bar Association
  • Carroll College
  • Diocese of Great Falls-Billings
  • Glendive Medical Center
  • Kalispell Chamber of Commerce
  • Kalispell Regional Healthcare Foundation
  • Montana Association of Counties
  • Montana Economic Development Association
  • Montana Association of Land Trusts
  • Montana Chamber of Commerce
  • Montana Community Foundation
  • Montana Hospital Association
  • Montana League of Cities and Towns
  • Montana Nonprofit Association
  • Montana Society of CPAs
  • Museums Association of Montana
  • National Alliance on Mental Illness - MT Chapter
  • Nonprofit Section of Montana State Bar Association
  • Rocky Mountain College
  • University of Montana Foundation
  • Yellowstone Boys and Girls Ranch Foundation

History of the Governor's Task Force on Endowments and Philanthropy

On November 16, 1994, Montana Governor Marc Racicot invited several representatives to his home to explore the potential of endowed philanthropy to provide a secure future for Montana. These representatives included national, regional and local philanthropic foundations, nonprofit agencies, private business, and active community volunteers who shared a concern for the financial future of Montana.

The Governor focused on endowed philanthropy because it appeared to offer tangible, practical, and achievable means for Montana to renew a spirit of giving and sense of community, thereby setting the course for its own destiny.

Participants at that first conversation agreed that endowed philanthropy would provide an increasingly important vehicle to help Montana communities achieve the financial security necessary to devise and implement their own strategies and solutions. At the end of the conversation, the Governor appointed a Task Force on Endowed Philanthropy whose role was to:

  1. Provide the leadership for a thorough examination of options and recommendation of the proper roles for the State of Montana in promoting and encouraging endowed philanthropy.
  2. Deliberate, prioritize, and implement the best options for Montana.
  3. Communicate progress and findings to the Governor and the people of Montana.
  4. Establish a timeline and assign responsibilities for accomplishing the work.

In its 12 years of operation, the Governor's Task Force on Endowments and Philanthropy had remarkable impact on charities in Montana. Planned gifts by individuals and outright gifts by businesses added millions of dollars to the permanent endowments of Montana nonprofits. Policymakers encouraged this through innovative tax incentives, most specifically the Qualified Endowment Tax Credit. Together as partners in the private, public and nonprofit sectors, the Governor’s Task Force on Endowments and Philanthropy inspired Montanans to give generously in order to make Montana a better place to live now and in the future.

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