GIVING TOGETHER GIFTS OF APPRECIATED ASSETS Contributing appreciated assets such as securities can help you avoid tax on the sale and generate a charitable tax deduction. LIMIT ON DEDUCTION FOR CHARITABLE GIFTS IS INCREASED Under the new tax law, individuals can deduct more of their cash contributions to the Whitefish Community Foundation. Donors can now deduct cash contributions that do not exceed 60% of the donor's contribution base (increased from 50%) DONOR ADVISED FUNDS A Donor Advised Fund is an excellent tool to help you with your char- itable giving. Establishing a Donor Advised Fund at the Community Foundation allows you to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund to any public charity in the country. A very low and competitive fee is charged by the Foundation to administer the fund and this fee stays here to benefit the work of the Community Foundation. TAX CREDIT The Montana Charitable Endowment Tax Credit allows individuals to pay less Montana state income tax when they make a planned gift to a qualified Montana charitable endowment. The Tax Credit may be a good way to reduce your Montana state income tax liability and increase your allowable deduction for other state and local taxes. IRA ROLLOVER Those over age 70% may elect to make an IRA charitable rollover contribution to Whitefish Community Foundation. An IRA charitable roilover satisfies your RMD, and can reduce your taxes, even if you do not itemize deductions BEQUESTS Many donors make their largest gift ever in the form of a charitable bequest through their will or living trust. Although the estate tax exemption increased this year, that increase expires in 2025. Set up a Legacy Fund that will carry forward your generosity in perpetuity WHITEFISH OMMUNITY FOUNDATION GIVING TOGETHER CREATES IMPACT PO. Box 1060 214 West 2nd Street, Suite 1 Whitefish, Montana 59937 Call: 406-863-1781 contactowhitefishcommunityfoundation.org whitefishcommunityfoundation.org