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How to Become A Donor
Why Open A Fund
A Fund at Minot Area Community Foundation offers the following benefits:
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"Jeanne and I always felt education of our youth was critical. By setting up our Endowment Fund, we accomplished that, now and in the future."
Maynard & *Jeanne
Sandberg |
- • Permanence: 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. Your gift will never lose its power to fulfill your charitable goals and will always keep pace with changing times.
• Tax Advantages: When you create a fund at the Community Foundation, 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. This means that more resources are available to address community needs.
• Economics: 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 of the fund's fair-market value.
• Professional Management: 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.
• Charitable Impact: Minot Area Community Foundation can assist you in targeting your contributions where they will do the most good in the greater Minot area. Grants from your fund may be combined with those from other funds for even greater impact.
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