1000 Highway 12
Hettinger, ND 58639-7530
(701) 567-4561

NEW NORTH DAKOTA TAX CREDIT FOR CONTRIBUTIONS

Governor Hoeven has signed a bill providing significant tax incentives to ND taxpayers who support ND charitable non profit organizations. West River Health Services Foundation is considered a qualified charity.
 
The legislation focuses on two types of giving:

1. Deferred giving…irrevocable planned gifts made by individuals.
   An individual North Dakota taxpayer is allowed a state tax credit in an amount equal to 40% of the present value of charitable gift annuities, trusts & life estate agreements. The maximum credit is $20,000.
2. Outright giving…gifts made by business entities.
   A North Dakota business is allowed a state tax credit at 40% of the gift amount of the charitable gift to a qualified endowment fund. The annual limitation on this credit is $10,000 with a carryover for 3 years.

To meet the requirements for the tax credit, the above gifts must qualify for tax-deductibility under Federal income tax law.

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 tax advisors to determine how the credit would apply to your specific situation.  

For information on any gift plan see your professional advisor or call West River Health Services Foundation at 701-567-6187. alm@wrhs.com