Senate Bill 2160 allows for generous tax credits for individuals and businesses who give specific types of gifts to North Dakota charities. Credit may be carried forward for 3 additional tax years if it cannot all be used in one year (Gifts to the "Farm Rescue Foundation ND Tax Credit Endowment Fund" qualify for this tax credit.)
REQUIRED WORDING FOR ENDOWMENT GIVING:
"I give, devise, and bequeath to the "Farm Rescue Foundation ND Tax Credit Endowment Fund" of the Farm Rescue Foundation, an IRS designated 501(c)(3) nonprofit charitable corporation, located in North Dakota, the sum of $___________ (or a description of the specific asset), for its permanent endowment fund."
Please contact us for an endowment fund gifting agreement form.