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Support The Village and Earn Up To 40% in Tax Credit

Both Individual and Business Gifts to the Children’s Village Family Service Foundation Qualify for North Dakota’s Expanded State Tax Credits

Today, there’s never been a better time to show your commitment to North Dakota’s people, with a new, expanded state tax credit. This cutting-edge legislation was signed in April 2011, and is a rare achievement. The tax credit makes it possible for individuals and financial institutions to give more, and through their contributions, have a greater impact on the wellness of North Dakota’s people.

In fact, an individual may receive a 40% tax credit for contributing $5,000 or more (lump sum or aggregate in one year) to a qualified North Dakota endowment like The Village. Likewise, financial institutions are now eligible for a tax credit for endowment gifts to qualified endowments, the same credit provided to other North Dakota businesses. The state income tax credit for businesses amounts to 40% of the value of the gift, up to $10,000 per year.

Credit for Business Gifts to North Dakota Endowment Funds:

What are the incentives?

  • State income tax credit of up to 40% of the value of the gift, with a maximum credit of $10,000 per year
  • Unused credit may be carried forward for up to 3 taxable years

Which institutions qualify?

  • “C” corporations
  • “Pass-through” entities
    • Subchapter “S” corporations
    • Partnerships
    • Limited Liability companies
  • Estates (if the file an income tax return)
  • Trusts
  • Financial Institutions

Credit for Individuals:

What are the incentives?

  • An individual may receive a 40% tax credit for contributions of $5,000 or more (lump sum or aggregate in one year) to a qualified endowment.*
  • Planned gifts by individuals qualify for a 40% income tax credit up to a maximum of $10,000 per year for individuals and up to $20,000 per year for married couples filing jointly.

* This credit is available to those who itemize expenses on their taxes.

Frequently Asked Questions

Q: What is a qualified endowment?

A: A qualified endowment is an irrevocable fund held by a North Dakota incorporated or established organization that is a qualified nonprofit; or a bank or trust company holding the fund on behalf of a qualified nonprofit organization.

Q: Does The Village have a qualified endowment fund?

A: The Children’s Village Family Service Foundation is a qualified endowment fund, and the whole purpose of foundation is to provide annual support to programs of The Village Family Service Center.

Q: What Village programs benefit from charitable gifts to the Children’s VIllage Family Service Foundation?

A: All of The Village programs benefit from charitable giving. These include:

  • Adoption
  • Big Brothers Big Sisters
  • Counseling & Behavioral Health Services
  • Family-Based Services
  • Family Group Decision Making
  • Financial Resource Center
  • First Step Recovery
  • Nokomis Child Care Centers
  • Pregnancy Counseling
  • The Village Business Institute
  • The Village Family Magazine

The material presented on this Planned Giving website is not offered as legal or tax advice.
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