In the Know

An excellent opportunity

What are the tax benefits of the Consolidated Appropriations Act that could support my charitable goals?

The Consolidated Appropriations Act extended and enhanced several provisions of the Coronavirus Aid, Relief and Economic Security (CARES) Act. It allows taxpayers who take the standard deduction to claim an additional deduction of up to $300 per single filer, or $600 for those married and filing jointly.

The deduction is available for cash contributions made in 2021 to qualified charities such as the University of Montana Foundation.

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The University of Montana Foundation provides information about the benefits of charitable gifts and does not provide legal, financial or tax advice. Please consult your advisor(s) before making a gift.

What is the Excellence Fund?

Your gift to the UM Foundation in support of the Excellence Fund ensures UM has ample resources to nimbly address emerging challenges and opportunities. Gifts to the Excellence Fund are expended at the discretion of the University’s president, who is in a position to identify key opportunities and needs across the campus.

Gifts of all sizes can help students facing unexpected financial hardship or allow students to seize opportunities to enrich their academic experience, such as taking part in research projects and participating in student competitions. To make a gift in support of the Excellence Fund, visit

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Contact us at to submit your questions about giving to support UM.