Tax-Saving Ways to Help Post-9/11 Combat Veterans While Leaving Your Legacy

Tax-Saving Ways to Help Post-9/11 Combat Veterans While Leaving Your Legacy


Join the growing ranks of supporters who are committed to helping post-9/11 combat veterans and their loved ones thrive and ensuring the long-term goals of Warriors & Quiet Waters Foundation (WQW) while enriching the life of your family for years to come. WQW offers several planned giving opportunities through a variety of financial vehicles.
 
There are many benefits to planned giving including options to pay a stream of income for life, increase the yield you may currently be receiving from other investments, and to eliminate capital gains taxes – while also providing peace, purpose, and connection for post-9/11 combat veterans.  
 
To ensure you are getting the maximum tax benefits for your charitable donation, we recommend you speak to your personal, financial or legal representatives before making a planned gift. 
 

For questions about planned gifts, please contact Emily Sather, Chief Development Officer, by calling (406) 595-9793 or email emily@wqwf.org. 

“Including Warriors & Quiet Waters as a beneficiary in our estate planning was as simple and easy as determining the amount and asking our lawyer to do it.”

Lt Col Kit Taylor & Col Ted Campbell

Montana Tax Endowment Credit

A tax advantage for endowment giving in Montana 

The Montana Endowment Tax Credit (METC) was established in 1997 to encourage individuals, businesses, and organizations to make lasting investments in their communities. This opportunity offers you a credit of 40% of a qualifying planned gift’s federal charitable deduction, up to a maximum of $10,000 per year, per individual, or $20,000 per year for couples filing jointly. For qualified businesses, a 20% tax credit may be eligible for a federal charitable deduction, up to $10,000 per year.  

This is a direct credit toward your Montana taxes. Every dollar of METC you qualify for is $1 less than you will owe the state. While a gift for which you are claiming the METC can only be used as an itemized charitable deduction on your federal tax return, not state, the dollar-for-dollar tax credit generally provides a much greater benefit on your state tax return than itemizing the gift would yield. Additionally, should you choose not to itemize the gift on your federal return, you are still eligible to claim the METC on your state taxes.  

By taking advantage of the METC, your dollars will be directed to the Henry H. and Marion S. Uihlein Warrior Endowment – a fund established to fuel WQW’s programs in perpetuity.  

Adapted from the Montana Community Foundation


IRA Charitable Rollover

A tax-saving way to help Warriors & Quiet Waters 

A Special Opportunity for Those 70½ Year of Age and Older 

You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as Warriors & Quiet Waters (WQW) without having to pay income taxes on the money. Gifts of any value of $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at WQW. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. 

Why Consider This Gift? 

  • Your gift will be put to use today, allowing you to see the difference your donation is making. 
  • Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD). 
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. 
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax. 

To include WQW in your plans, please use our legal name and federal tax ID. Please let us know of your gift (many retirement providers assume no responsibility for letting nonprofits know of your intentions or sometimes, even your name).  

Legal Name: Warriors & Quiet Waters Foundation, Inc.  

Legal Address: 351 Evergreen Dr. STE A, Bozeman, MT 59715 

Federal Tax ID number: 20-8837637 

Adapted from the Montana Community Foundation 


Bequests

Remember us in your will and leave a lasting legacy 

By naming Warriors & Quiet Waters Foundation in your will, you can guarantee that your legacy of supporting post-9/11 combat veterans and their loved ones will continue for generations to come.   

FIXED AMOUNT: I give the sum of $_______ to Warriors & Quiet Waters Foundation, Inc.  

SPECIFIC PROPERTY: I give my ______________ to Warriors & Quiet Waters Foundation, Inc.  

PERCENTAGE OF REMAINDER: I give ________% of the remainder of my estate to Warriors & Quiet Waters Foundation, Inc.  

CONTINGENCY: In the event ____________ does not survive me, I give _____________ to Warriors & Quiet Waters Foundation, Inc.   

These samples are suggestions only. Legal documents should always be prepared by your attorney.   

Legal Name: Warriors & Quiet Waters Foundation, Inc.  

Legal Address: 351 Evergreen Dr. STE A, Bozeman, MT 59715 

Federal Tax ID number: 20-8837637


Life Insurance

Rather than cancel policies no longer needed, an option is to name Warriors and Quiet Waters as a beneficiary or simply donate the policies outright.


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Warriors and Quiet Waters

351 Evergreen Drive, Suite A Bozeman, MT 59715

406.585.9793
info@wqwf.org