The Mother Lode Theatre renovation was completed in 1996 and a permanent endowment established for the operating needs of the future. Funds designated to the endowment support the theatre for years to come through accumulated interest as the principle remains untouched forever. The endowment is managed by Thrivent Financial with oversight provided by the Butte Center for Performing Arts Board.
To encourage planned giving in Montana, the legislature provides for a Montana State Income Tax credit for certain contributions to permanent endowment funds of Montana charities.
A summary of these rules:
- Individuals must make planned gifts. Those gifts qualify for a 40% tax credit up to $10,000.
- Planned gifts must have a life of over five years.
- Corporate or other business entity gifts qualify for a 20% credit up to $10,000 and these entities may make outright gifts.
The current Montana Qualified Endowment Credit law became effective July 1, 2003 and will continue.
For more information regarding planned gifts or how the Montana Endowment Tax Credit can benefit you as well as the Mother Lode Theatre’s Endowment Fund, please call Robin Busch 406-723-3602 for further information (with no obligations).