North Dakota Tax Credit

Looking to improve the quality of life for all of our state's citizens, North Dakota passed a law in 2011 that allows for generous tax credits for individuals and businesses who give specific types of gifts to North Dakota charities.  

North Dakota is one of only a few states which provide any type of income tax credit for charitable gifts. This bill created a 40% North Dakota income tax credit for gifts of $5,000 or more made by individuals, businesses, trusts and estates to any qualified ND Charitable Endowment fund*. The legislation allows for a maximum state tax credit of $10,000 for an individual or $20,000 for a married couple and may be carried forward for three years.

If a donor is in a 28% federal tax bracket, the tax benefit may look like this:

 
Gift Amount $5,000 $25,000 $50,000
Federal Tax Savings -$1,400 -$7,000 -$14,000
ND Tax Credit Amount -$2,000 -$10,000 -$20,000
Net Cost of Gift $1,600 $8,000 $16,000


You have worked hard, saved carefully and planned well. We encourage you to give a lasting charitable gift by creating a fund through the Minot Area Community Foundation.

The Foundation will create a permanent endowment fund in your name, grow it through investment and ensure your charitable intent is honored. Your generosity will have a lasting effect, be multiplied many times over and have a meaningful impact.


*Qualified endowment is defined as an "irrevocable fund held by a North Dakota incorporated or established organization that is a qualified nonprofit organization; or a bank or trust company holding the fund on behalf of a qualified nonprofit organization." The Uniform Management of Institutional Funds Act (NDCC 15-67) gives further guidance on the definition of endowment, stating that an endowment fund means a fund not wholly expendable by the nonprofit on a current basis under the terms of the applicable gift instrument or fund agreement.

 
Hot off the press!
Roosevelt Park Zoo Grant

The Minot Area Community Foundation is excited to announce their largest grant to date of $500,000 to the Roosevelt Park Zoo. The grant will be applied to the zoo’s current project of building a new Amur Tiger habitat.   The Roosevelt

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