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NORTH DAKOTA INCOME TAX CREDITS
Significant tax incentives are available to North Dakota taxpayers who support qualified North Dakota charitable organizations. West River Health Services Foundation is considered a qualified charity.
The tax incentives focus on two types of giving:
1. Deferred giving…irrevocable planned gifts made by individuals. An individual ND taxpayer is allowed a state tax credit in an amount equal to 40% of the present value of a charitable gift. The maximum credit is $20,000.
2. Outright giving…gifts made by business entities. A North Dakota business is allowed a state tax credit of up to $10,000 for gifts to qualified charitable endowments. This credit is computed at 40% of the amount of the gift. The annual limitation on this credit is $10,000. Eligible gifts of up to $25,000 per year will bring about the maximum tax credit.
A qualifying gift to West River Health Services Foundation can enable a North Dakota taxpayer to enjoy the benefits of this new tax credit. Donors should check with their professional advisors to determine how the credit would apply to their specific situation.
For more information on this or any gift plan contact the West River Health Services Foundation at 701-567-6187 or email alm@wrhs.com.
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