Creating a permanent fund at the Minot Area Community Foundation is a simple, flexible way to accomplish your charitable objectives. Your qualifying gift affords the maximum tax deduction and allows you to make a difference today, and always, through a legacy for our region.
Giving back to your community should be an enjoyable experience. We meet personally with donors to determine your goals and create a fund that makes sense for you.
We serve a variety of donors who share a common concern: supporting all that is good for the people of our region. Through the Foundation, individuals, families, businesses, nonprofit organizations, and even other foundations create permanent charitable funds that help our area meet the challenges of changing times.
A gift given to the community through Minot Area Community Foundation is given in perpetuity. As a permanent legacy in your name, or the name of someone you wish to honor, your fund enables you to carry out your charitable interests now and in the future.
When you create an endowment fund, you receive an income tax or estate tax deduction. Because the Foundation is a public charity, all donations earn the maximum available deduction. Funds are also exempt from excise taxes and the many other restrictions placed on private foundations.
Using the Minot Area Community Foundation is an economical way to make your contributions work for you. For most funds, the Foundation charges only a modest annual administrative fee based on the fund's fair market value.
All assets are professionally managed according to the investment policies established by the Board of Directors. Your fund benefits from being pooled and invested with the Foundation's other assets.
You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family and charity.
You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family and charity.
We offer a variety of fund types to fit your charitable interests. You can open a permanently endowed fund with a minimal contribution, though the fund balance must exceed $5,000 before any distribution is made. Non-endowed fund options are also available.
Almost any kind of asset can fund your gift: cash, publicly traded securities, closely held stock, real estate, life insurance, tangible personal property, and even private foundation assets. See Ways to Give for the full list of accepted assets, and Planned Giving for options like charitable remainder trusts, charitable lead trusts, and pooled income funds.
Ready to start your fund? Contact Jason Zimmerman at 701-852-0646. We’ll meet with you personally to build a fund that fits your goals.
