Trinity Health Foundation has both endowments and specific funds to which you may direct your gift.
If you make a gift to Trinity Health Foundation and do not designate it for a specific purpose, then it will be placed into the Trinity Health Foundation Fund to provide us the greatest flexibility in using the money wherever it is needed most at that time. If you would like to designate your gift for a purpose that is not among those listed, please call the Trinity Health Foundation, (701)857-5432, and we can help you achieve your goals.
Please remember that if you give to an endowment, only 5% of the fund may be expended each year. When you give to a fund that is not an endowment, both the interest and the principal may be utilized. However, by supporting an endowment or making a planned gift at Trinity Health Foundation, North Dakota taxpayers may be eligible for an Income Tax Credit. This tax credit makes it possible for you to give more and make a greater impact on the health and wellness of the region. Below is more information on how the North Dakota Tax Credit works with Endowment Gifts and Planned Gifts.
North Dakota residents, businesses, and financial institutions may qualify for a 40% tax credit on the value of their gift to a Trinity Health Foundation Endowment (minimum gift of $5,000 – at one time or aggregate in one year). The types of businesses and financial institutions this applies to include C corporations, S corporations, estates, limited liabilities and trusts. Businesses may carry forward any unused credit for up to 3 taxable years (financial institutions excluded). Individual donors may carry forward any excess credit for 3 years. To learn about Trinity Health Foundation’s endowments please call the foundation office at (701)857-5432 or (701)857-2430.
Planned Gifts by Individuals
Planned gifts may also qualify for the income tax credit of 40% of the charitable deduction created by the gift. Credit may be claimed the year of the gift and any excess credit may carry forward 3 years. If a donor is in the 35 percent federal tax bracket, the benefit from the North Dakota Tax Credit on Charitable Gifts may look like this:
|Federal Tax Savings||($1,750)||($8,750)||($17,500)|
|North Dakota Income tax credit||($2,000)||($10,000)||($20,000)|
|Net cost to donor||$1,250||$6,250||$12,500|
- The maximum credit for a single tax year is $10,000 for an individual, $20,000 for a married couple and $10,000 for business entities
- This is a North Dakota Tax credit, not a deduction
- This contribution can be deducted from your federal income taxes
Online Giving Form
Contributions to Trinity Health Foundation, a not-for profit, private organization are tax-deductible, as provided by law. Trinity Health Foundation is committed to principles of good stewardship and pledges itself to use the gifts you generously provide to benefit those in our care.