WAYS TO GIVE
Discover how you, your business, and your friends can make a meaningful contribution to the Teller mission.
Individual Giving
Make an investment in Teller’s programs supporting our mission to inspire, educate, and demonstrate conservation in action.
Planned Giving
Support conservation for generations to come by incorporating Teller Wildlife Refuge in a will, trust or an amendment.
Corporate Giving
From matches to campaigns — learn how your company can join in Teller’s conservation efforts.
Contributions Made Directly from your IRA
As tax laws evolve, it’s essential to stay informed about how charitable contributions can impact your income tax situation. Below is a summary of key updates and strategies to maximize your tax benefits when supporting causes like Teller Wildlife Refuge.
Standard Deduction and Montana Tax Changes
In 2024, the standard deduction for married couples 65+ is $32,300 ($17,250 for singles), prompting many to choose the standard deduction over itemizing. Montana now aligns its taxable income with federal taxable income, including the standard deduction. These changes make strategic charitable giving essential for maximizing tax savings.
Qualified Charitable Distributions (QCDs) from IRAs
If you're over 70½ and subject to Age 73 RMD rules, consider a Qualified Charitable Distribution (QCD) from your IRA to Teller. Benefits include:
No tax on the distribution.
Counts toward your RMD.
Lowers your AGI, potentially boosting deductions and reducing taxable Social Security.
Note: The donation must go directly from your IRA custodian to Teller. The 2024 QCD limit is $105,000, rising to $108,000 in 2025.
Donating Appreciated Securities
When you donate appreciated publicly traded securities directly to Teller, you can deduct the average market value on the date of transfer. Key advantages include:
You avoid paying capital gains tax on the appreciation.
Even if you claim the standard deduction, you still save on taxes by not triggering the capital gains tax that would apply if you sold the securities and donated the proceeds.
Timing of Cash Donations
If you anticipate itemizing deductions due to other significant deductible expenses in a given year, consider accelerating donations. For example, doubling your annual contribution in one year could help maximize your itemized deductions, especially if you plan to take the standard deduction in the following year.
We strongly recommend consulting with your tax advisor before implementing any of these strategies. They can help ensure you maximize the tax benefits of your charitable giving while staying compliant with federal and state tax laws. By planning strategically, you can make a meaningful impact while optimizing your tax situation.