What to Give

You can establish a charitable fund, give to an existing fund, or become a community partner at the Minot Area Community Foundation by using a variety of assets. You can start supporting your community with an outright gift of:

• Cash Gifts: 
  • A cash gift is by far the simplest method to donate or establish a fund. 
  • Cash gifts are fully deductible up to 50 percent of a donor’s adjusted gross income. Deductions exceeding this limit are eligible for carry over.  
• Securities: 
  • Gifts of appreciated securities, to include stocks, bonds and most mutual funds, are an excellent way to give. The result of this type of gift is a charitable deduction for the total market value of the donated asset(s) and the minimization of any capital gains taxes. 
  • Securities held for one year or longer are generally eligible for a deduction up to 30 percent of your adjusted gross income.
• Real Estate: 
  • Gifts of real estate can include commercial property, a house, apartment building, and income producing or non-income producing land. 
  • Real Estate gifts can also offer many of the same tax advantages as securities. 
• Gift of Mineral Rights: 
  • If you own mineral rights, you may have to pay high income taxes due to production. Gifting a percentage or all of your ownership to the Minot Area Community Foundation for the benefit of the establishing or supporting an existing Fund may allow you to take an income tax deduction for the appraised value of the asset you give and allow you to achieve your charitable goals while reducing your potential tax liability.
• Life Insurance: 
  • When you name the Minot Area Community Foundation as a owner and beneficiary of an existing or new life insurance policy, you may receive an immediate deduction  that typically approximates the policy’s cash surrender value. 
  • Any premium payments paid thereafter are deductible as a charitable donation.
• Planned Gifts: 
  • The Minot Area Community Foundation offers a broad range of planned giving options. One of the most common is a charitable gift in your will that will have a lasting impact on the causes and charities you want to support. 
  • A gift in your will or trust to the Minot Area Community Foundation would be used to create or support your endowment fund that benefits your designated recipients and becomes a part of your personal legacy of giving back.