North Dakota Tax Credit and Planned Giving

For any questions related to financial giving, contact Babs Coler at bcoler@churches-united.org or (218) 236-0372.

North Dakota Tax Credit

Recent North Dakota legislation increases the opportunities for North Dakota taxpayers to receive a generous 40 percent state income tax credit for charitable contributions to organizations like Churches United for the Homeless.

Charitable Gifts = 40% Tax Credit

Your gift does triple duty: 1) It funds services to help people today. 2) It will provide a guaranteed source of income The Churches United for the Homeless can rely on to meet future needs. 3) Qualifying gifts over $5,000 benefit you through a 40 percent North Dakota state income tax credit.

How to Get the Credit

Make an outright gift to the Churches United for the Homeless endowment fund. Your gifts can be in the form of cash, securities or real estate.

 

Example:

Impact Gift

$5000

$25,000

$50,000

Federal Tax  Savings  deduction

-$1400

-$7,000

-$14,000

ND State Income Tax Credit

-$2000

-$10,000

-$20,000

“Cost” of Gift

$1600

$8,000

$16,000

*Based on 28% tax Bracket
Examples are for illustration purposes only. Please consult your attorney or accountant for specifics to your unique situation.

· This is a North Dakota tax credit and a federal deduction.

· Gifts under $5,000 are greatly appreciated and are still tax-deductible (give online), but do not qualify for this credit.

For more information, contact our trust fund manager:

Jon Benson
Heartland Trust Company
701-235-2002
www.heartlandtrust.com

Gifts of Stock

Gifts of stock are greatly appreciated. To make a gift of stock contact:

Kevin DeKrey
Morgan Stanley
701-492-2413
kevin.j.dekrey@ms.com

Legacy Giving

Name Churches United for the Homeless in your will for a planned gift. A planned gift to Churches United for the Homeless Endowment Fund through certain forms of charitable trusts and paid-up life insurance may qualify and allow you to leave a legacy.