FAQ

1. How can I contact the Montana Technological University Foundation?
2. What is the Foundation’s role with Montana Technological University?
3. When making a donation, to whom should we write the check?
4. If I give to the Montana Technological University Foundation, how will my money be used?
5. Is my gift tax deductible?
6. I’m a Canadian citizen. Is my gift tax deductible?
7. Will I receive a receipt?
8. What form of gift can I give?
9. What is an endowment?
10. What type of gift can I give?
11. Are there any gifts that wouldn’t be acceptable?
12. As a state school, doesn’t Montana Technological University receive what it needs from the government?
13. How would I establish a scholarship?
14. As a donor, what other information will be provided to me?
15. How can I increase the impact of my support through a matching gift?

How can I contact the Montana Technological University Foundation?

You can contact the Montana Technological University Foundation:

by mail
1300 West Park Street
Butte, Montana 59701

or by phone at 1-406-496-4276

or by email. For specific individuals, please consult our staff directory.

What is the Foundation’s role with Montana Technological University?

Public education is funded through a public-private partnership. The Montana Technological University Foundation’s efforts augment the support Montana Technological University receives from the State of Montana. Thanks to the generosity of donors, the past few years have seen a tremendous increase in private support.

When making a donation, to whom should we write the check?

Montana Technological University Foundation

If I give to the Montana Technological University Foundation, how will my money be used?

As a donor, you can designate your donation to a wide variety of programs. You may also choose to not designate your donation to a particular program. These unrestricted funds allow the Foundation to channel funds to areas of greatest need and to further enable its efforts to support Montana Technological University. One of the Montana Technological University Foundation’s roles is to ensure that all donors’ wishes are followed as their donations are utilized. Please make your wishes known when giving to Montana Technological University.

Is my gift tax deductible?

As a charitable non-profit, your donation to the Montana Technological University Foundation is tax deductible as allowed by law. For your particular situation, we suggest you consult with your tax advisor.

I’m a Canadian citizen. Is my gift tax deductible?

Montana Technological University is recognized as an eligible institution to receive charitable gifts from Canadian citizens and donations are deductible as allowed by law. For your particular situation, we suggest you consult with your tax advisor. For a copy of the letter from Revenue Canada contact the Montana Technological University Foundation at 1-406-496-4276.

Will I receive a receipt?

Your gift will be receipted and acknowledged. In addition, your gift may be recognized from time to time in Foundation and Montana Technological University publications. If you do not wish to be publicly recognized, you may choose to give anonymously.

What is an endowment?

An endowment is a permanent fund established to support Montana Technological University. The original gift establishing the endowment is not spent. Rather, income from the original gift is used to support the area(s) designated by the donor. The current endowment payout is 4 percent. For a $400 endowed scholarship to be awarded, the original endowed gift would be $10,000.

What type of gift can I give?

Gifts to Montana Technological University are most often made by cash, check or credit card through the Foundation office or online. In addition, donors may choose to give gifts of securities, real estate and personal property. Estates and other deferred gifts can also be given. Other types of support include life income gifts, such as annuities and trusts, which the Montana Technological University Foundation can work with you to establish.

Are there any gifts that wouldn’t be acceptable?

Please discuss your particular situation with a Montana Technological University Foundation gift officer. In general, gifts are not accepted where there is substantial benefit expected in return by the donor. This is known as quid pro quo.

As a state school, doesn’t Montana Technological University receive what it needs from the government?

There is a widening gap between what it costs to educate a student and the support Montana Technological University receives from the state to accomplish this. Tuition is typically used to make up this difference and has risen regularly and substantially over the years. Your support helps keep the cost of education affordable to as many students as possible and enables Montana Technological University to offer programs and conduct research in facilities that make it a leader in undergraduate and graduate education in the Northwest.

How would I establish a scholarship?

The Foundation staff will work with you to establish a scholarship. Things to consider when establishing the scholarship include whether it will be the result of an annual gift or an endowment, the name you wish for the scholarship, whether it will be open or designated to a particular department, and if it will be based on merit, need or both. You will be notified about your scholarship’s recipients and be thanked by them.

How can I increase the impact of my support through a matching gift?

Many companies and foundations will double, or even triple, the value of charitable gifts made by employees and their spouses, board members, and retirees. See if your company has a matching gift policy.