Through a planned gift to the Minot Area Community Foundation, you may be able to make a more substantial gift than you previously imagined. Planned giving describes the ways individuals make charitable gifts for the future. You can make a planned gift to an existing fund or establish a new named fund.
A provision in your will or living trust for a gift to the Foundation. This is the simplest and most commonly used form of planned giving.
Transfer property to a trust that pays you, or another beneficiary, a fixed or variable income for a set time. When the trust expires, the remainder establishes a permanent fund in your name.
Name the Foundation as owner and beneficiary of a new or existing policy and receive a current income tax charitable deduction.
Two of the most popular planned gift types have their own dedicated sections below, since there's more to know about each one. See North Dakota Tax Credit, Charitable IRA Rollover, and Charitable Gift Annuities.
While these are the most common ways to make planned gifts, other forms of giving are available. Staff are happy to discuss planned giving options with you and your professional advisor.
North Dakota is one of only a few states that offer an 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 minimum of $5,000. The unused portion of the state income tax credit can be carried forward for three years.
A qualified endowment is 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 one. See North Dakota Century Code 15-67 for further guidance.
Please consult your tax professional to verify your estimated federal tax savings, since these numbers are estimates for illustration purposes.
A qualified charitable distribution is one made on or after the IRA owner turns 70-1/2, made directly from the IRA trustee to a qualified charity. The distribution is not included in the taxpayer’s gross income for the year. The IRA owner does not get a separate charitable deduction for the distribution, since the tax benefit comes from excluding the amount from gross income. Although not included in gross income, it counts toward the taxpayer’s required minimum distribution.
Note that IRA charitable rollover gifts do not qualify for a separate charitable deduction.
Annual Limit: $111,000 (as of 2026) per taxpayer for a direct tax-free distribution. Your tax advisor can help you understand whether this fits your plans.
A charitable gift annuity can increase your income while leaving a charitable legacy for generations to come. In today’s interest rate environment, a charitable gift annuity can give you a substantial increase in income over what you’d typically earn from a CD or other fixed income investment. You can take an asset that isn’t producing much income, such as a stock or CD, and gift it to the Minot Area Community Foundation for a charitable gift annuity.
In addition to the increased income, you’re entitled to a current income tax charitable deduction and, in certain cases, a North Dakota income tax credit for a percentage of the gift. The annuity can pay you (and your spouse, if you choose) a lifetime income. The remaining principal becomes a permanent endowment fund with the Foundation, benefiting future generations.
