WHAT IS AN ENDOWMENT? Endowments are a sustainable forever gift. A qualified endowment fund is a permanent, irrevocable fund that may expend only the income generated by, or the increase in value of, the assets contributed to it. Your contribution becomes principal, with its interest or gain in value becoming an ongoing resource. Endowment funds provide a vital base of funding that may allow your favorite organization to carry on, even in lean years. Establishing or adding to an endowment is an act of great generosity and vision. Donors often do so to support the institution now and generations to come. Many establish the fund to honor or memorialize a loved one, or an important figure in their life, ensuring that their name and generosity will forever be a guiding force in the charity’s success.
OUR MISSION We help donors maximize their philanthropy to create a vibrant community full of opportunities for everyone.
Give Now,
GIVE FOREVER
FOR MORE INFORMATION on endowment giving, as well as state and federal tax credits and deductions, contact the FM Area Foundation at 701.234.0756 or visit us areafoundation.org.
YOUR GIFT BECOMES A FOREVER GIFT. You know philanthropy is important, and you know it could help you save on your taxes. But the 40% tax credit really changes things. It means you can make more of a difference—one that lasts forever. With the North Dakota Charitable Income Tax Credit, you can claim a credit of 40% when making a charitable contribution in the form of an endowment gift or planned gift to a qualified North Dakota nonprofit organization or a qualified North Dakota endowment fund, like the FM Area Foundation.
> Endowment Funds > Defered Gifts > Planned Gifts This is on top of the savings you can receive on your federal return by itemizing your qualifying charitable donations. Nothing in these materials is intended to provide legal or tax advice, please consult your professional tax advisor for specific information about your individual situation.
We have a number of endowed agency funds that qualify for the North Dakota Charitable Income Tax Credit. Agency funds are created to permanently support the operations of a particular nonprofit organization.
SCAN HERE TO SEE WHICH FUNDS QUALIFY!
With the North Dakota Charitable Income Tax Credit of 40%, there has never been a better time to give a sustainable, lasting gift. 409 7th St. S, Fargo, ND 58103 701.234.0756 | areafoundation.org
By taking advantage of both the state tax credit and federal tax deduction, you can significantly lower the net cost of your contribution and triple its impact.
As you plan your giving this year, consider how the 40% tax credit can multiply the impact of your gift. Whether you give to an established endowment fund, create a new endowment fund at the FM Area Foundation, or contribute a planned or deferred gift, your money goes farther helping support your favorite charities.
With the 40% tax credit, you can turn this year’s giving into a forever gift.