VALLEY CITY, N.D. (NewsDakota.com) – Support Local Causes and Save on Taxes: Sheyenne Valley Community Foundation Highlights the North Dakota Charitable Income Tax Credit for Gifts to Endowment Funds
Executive Director Andrea Nelson said the Sheyenne Valley Community Foundation is thrilled to showcase the North Dakota Charitable Income Tax Credit, an incredible opportunity that enables individuals to support local causes while enjoying tax savings. Through the Foundation, donors can make a lasting impact on their communities while
maximizing the benefits of their philanthropic efforts.
Nelson said the North Dakota Charitable Income Tax Credit allows individuals to receive a 40% tax credit when making gifts to qualified endowment funds. To be eligible for the tax credit, individuals must donate a total amount of $5,000 or more during the year. This means that donors can significantly reduce their state income tax liability based on a percentage of their eligible contributions. By taking advantage of this tax credit, individuals can make a substantial difference in the causes they care about while enjoying valuable tax benefits.
She said one anonymous donor shared their story of giving back to their beloved hometown of Valley City by giving to endowment funds held at the Sheyenne Valley Community Foundation and utilizing the North Dakota Charitable Income Tax Credit. Although they moved away over fifty years ago, Valley City remains close to their heart. They recognize the exceptional schools, churches, parks, the Carnegie, Library, and the Barnes County Historical Society that make Valley City a true gem. The donor expressed their pride and gratitude in being able to support the community through financial contributions. They emphasized the importance of funding in sustaining programs and achieving community goals. Utilizing the tax credit has allowed them to maximize their giving and create a greater impact. They encourage others to explore the opportunities provided by the Sheyenne Valley Community Foundation and take
advantage of the tax credit to make a positive difference.
The Sheyenne Valley Community Foundation invites individuals with a personal connection to the area of Barnes, Ransom, or Griggs County to learn more about the North Dakota Charitable Income Tax Credit. By visiting the Foundation’s website, individuals can discover existing endowment funds that may align with their passion or explore ways to establish a fund of their own, allowing them to support causes that deeply resonate with them. The Foundation is committed to guiding donors and helping them maximize the benefits of philanthropy.
To learn more about the Sheyenne Valley Community Foundation and the North Dakota Charitable
Income Tax Credit for gifts to endowment funds, please visit our website at www.yoursvcf.org or contact:
Andrea Nelson
Director
Sheyenne Valley Community Foundation
director@yoursvcf.org
701-490-1596