University of Montana Foundation

Year-End Giving Guidelines

Are you interested in making a charitable gift to the UM Foundation before the end of the calendar year? The following information will help you make a year-end gift that meets the IRS guidelines for a 2024 tax deduction.

Please be aware that Tuesday, December 31, 2024, is the last business day of the year. Most contributions must be received by the UM Foundation before 5 p.m. MST that day to be eligible for a 2024 tax deduction.

Checks and Cash

Must be postmarked by Tuesday, December 31, 2024. Please mail checks to:

University of Montana Foundation
P.O. Box 7159
Missoula, MT 59807-7159

Credit Cards

Gifts must be submitted online prior to midnight MST, December 31, 2024. Gifts can be made here: Supportum.org/Give. The UM Foundation can take credit card numbers over the phone until 5 p.m. MST on Tuesday, December 31, 2024. Call 800-443-2593 or 406-243-2593.

Wire Transfers

Must be received at the UM Foundation by 5 p.m. MST Tuesday, December 31, 2024. For wiring information contact Lynanne Hawthorne.

Securities Transfers

As it can take some time to process transfers of securities (especially shares of mutual funds), we strongly suggest initiating the transfer with your financial advisor by Monday, December 16, 2024. Please contact Nancy Randazzo to facilitate the transfer to the UM Foundation. Gifts of securities cannot be used for contributions for which you will receive a benefit including, but not limited to priority seating or memberships. Gifts of appreciated securities must be 100% charitable.

Qualified Charitable Distributions (QCD) from an IRA

As it can take some time to process distributions from IRAs, we strongly suggest initiating transfers by Monday, December 16, 2024. Please include with your QCD gift detailed instructions regarding how you would like your gift to be used. If this cannot be accommodated by the bank, please email Shain Wolstein. QCD gifts cannot be used for contributions for which you will receive a benefit including, but not limited to priority seating or memberships. QCDs must be 100% charitable.

Gifts from Donor Advised Funds (DAF)

As it can take some time for DAF sponsoring organizations to process distributions from DAFs, we strongly suggest initiating transfers by Monday, December 16, 2024. Please provide DAF sponsors with detailed instructions regarding how you would like the gift to be used. If this cannot be accommodated by the DAF sponsor, please email Shain Wolstein.

DAF gifts cannot be used for contributions for which you will receive a benefit including, but not limited to priority seating or memberships. DAF gifts must be 100% charitable and cannot be used to make a pledge payment.  

Calendar Year Transaction Summaries

Please contact us after January 31 if you would like a summary of your giving for the prior calendar year.

Questions

If you have additional questions about year-end giving, please email umfoundation@supportum.org or call 406-243-2593 or 800-443-2593.