Creating a permanent fund at the Minot Area Community Foundation is a simple and flexible means of accomplishing 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 and in the things that matter most to you, the donor.
Giving back to your community should be an enjoyable experience, and that’s why we make giving as easy as possible. We meet personally with donors to determine 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.
- Benefits
- Permanence
Delores & Roger Odell
- 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 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.
- 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
- The Minot Area Community Foundation can assist you in targeting your contributions where they will have the greatest impact in our region.
- When to Give
- You can create your fund now, establish it in your will, or create it through a trust arrangement that benefits your family and charity.
- What to Give
- Almost any kind of asset can be used to start your fund, such as cash, publicly traded securities, closely held stock, interests in limited partnerships, real estate, life insurance, tangible personal property and private foundation assets. We can also discuss other options with you, such as bequests, charitable remainder unitrusts, charitable remainder annuity trusts, charitable lead trusts, pooled income funds, charitable gift annuities, life income and deferred charitable gift annuities.
- Choose a Type of Fund
- We offer a variety of fund types that are flexible to meet our donors' charitable interests. You can open a permanently endowed fund with a minimal contribution, but the fund balance must exceed $5,000 prior to any distribution being made. We also offer options for non-endowed funds.