This Holiday season, the team at the Minot Area Community Foundation would like to express our heartfelt thanks for helping us celebrate 25 years of community giving and for continuing to place your trust in us as you navigate your philanthropic journey. As we near the end of the year, many of you may be finalizing your tax planning and charitable giving. We are here to assist you in any way we can—and to honor the far-reaching impacts you make with your charitable gifts that help our region thrive.
Wishing you a happy Holiday season,
CONTACT US: (701)852-0646
EMAIL JASON: jason@centerforcommunitygiving.com
NORMAL OFFICE HOURS
Monday-Thursday: 8:00am-5:00pm
Fridays:8:00am-12:00pm
HOLIDAY CLOSURES & UPDATED HOURS
Wednesday, December 24th - 8AM-NOON
Thursday, December 25th - CLOSED
Friday, December 26th - CLOSED
Thursday, January 1st - CLOSED
If you would like help choosing where to share your generosity this year, please contact us. You might also consider giving to the Community Enrichment Fund to join with others in supporting needs across the area or sending a gift to an existing endowment fund. Contact our office for more information.
Gifts can be made until Wednesday, December 31 and still be credited in 2025.
Cash gifts must be brought to the MACF office by NOON on Wednesday, December 31st.
If you have a donor-advised fund and wish to make a grant before year-end, please submit your recommendation by Friday, December 12th, so it is fulfilled by December 31st. For support making a grant recommendation, contact Staci at (701) 852-0646 or Email Staci.
Notify us now of any gifts you’re sending from more complicated instruments such as stock, IRA distributions, or electronic fund transfers, as these require extra time and coordination to arrive at the Foundation. If you wish to make a donation via an IRA checkbook, we recommend that this gift arrive at the Foundation by Friday, December 12th in order to provide enough time for it to clear your account by the December 31st deadline.
Stock gifts must be received by the Community Foundation's receiving institution prior to 3 p.m. on December 31st to ensure they will be credited in 2025. Contact our office early for stock transfer instructions.
Gifts mailed through USPS must have a visible postmark of no later than December 31, 2025, to be credited in 2025. Gifts arriving via UPS or FedEx must be received at the Community Foundation by NOON on December 31, 2025, to be credited in 2025.
Make all gifts payable to “Minot Area Community Foundation,”
with the fund name noted on the memo line.
YEAR-END TAX PLANNING | DID YOU KNOW?
ND Tax Credit
North Dakota is one of only a few states which provide any type of income tax credit for charitable gifts. A 40% North Dakota income tax credit can be taken on contributions to qualified ND based charitable endowment funds.* Contributions can be made by individuals, businesses, trusts or estates. The contribution must be a mimimum of $5,000.
IRA Charitable Rollover
Congress made permanent the law that allows people aged 701/2 or older who own an IRA to make gifts directly from their IRA to charity. For many people, this is the best tax-wise way to give. An IRA rollover gift will not be included in your taxable income and may qualify for your required minimum distribution.
Donor Advised Fund (DAF)
If you are looking for an end-of-year deduction but want more time to make thoughtful giving decisions, consider a donor advised fund (DAF). Our Foundation can use your tax deductible gift to establish a DAF in your name. You can make grants from your DAF now and in the future to support causes you care about.
Outright Gift of an Asset
If you wish to make a gift to support a cause this year but are concerned about preserving your cash resources, consider a gift of an appreciated asset. A gift of securities, business interests, or real estate can provide you with significant income and capital gains tax savings, often exceeding the benefits of a cash gift.
*This information is not intended as tax, legal or ginancial advice. Contact your personal financial advisor and/or CPA for information specific to your situation.