4-H and NDSU Foundations Develop Partnership
The North Dakota 4-H Foundation has entered into a partnership with the NDSU Foundation and Alumni Association to prospect and secure major gifts to support North Dakota 4-H. The partnership resulted from the 4-H Foundation’s desire to better leverage 4-H’s strong alumni base to raise funds to support North Dakota 4-H and to optimize this effort by aligning itself with the university foundation that has expertise and staffing to help accomplish this.
You can make a difference in the lives of North Dakota youth by supporting the North Dakota 4-H Foundation and the State 4-H program.
Please know that anyone donating charitable contributions has the assurance that the investment will be used wisely and efficiently through active Board of Director participation, yearly operational audits, and trained personnel experienced in educational program development and financial accountability.
We welcome your donation by:
- Cash or check
- Corporate Matching
- NDSU Employee payroll deduction form
- Online giving
- Life Insurance
- Charitable Trusts/Annuities
Donors may designate their gifts for specific purposes within the general framework of Foundation activity.
Substantial gifts may be used to establish endowment funds to increase the long-lasting impact intended by donors.
For more information, please contact Penny Dale at the North Dakota 4-H Foundation - (701) 231-8569 or firstname.lastname@example.org
North Dakota Tax Credit for Endowed Gifts
North Dakota allows a sizable income tax credit of 40% of a charitable donation greater than $5,000 through cash or a deferred gift to a qualified endowment fund of a nonprofit organization. This tax credit is available to North Dakota residents and businesses.
A 'qualified endowment fund' is defined as an irrevocable fund held by a North Dakota organization or bank/financial institution on behalf of a qualified organization. Only the interest and appreciation can be used by the charitable organization. While a charitable deduction reduced the amount of income subject to taxation, the tax credit is a dollar for dollar reduction in your North Dakota tax liability. It is subject to an annual limitation of $10,000 per business or individual and $20,000 for a couple. An unused credit can be carried forward for three years.
This is a great opportunity for North Dakotans to help 4-H AND significantly reduce their state tax liabilities! Read more about the North Dakota tax exemption.