Planned Giving: Leave your legacy...make history

Private funding is essential for the State Historical Society of North Dakota to fulfill its mission:
"to identify, perserve, interpret and promote the heritage of North Dakota and its people.” 

The Historical Society Foundation is here to support the mission and activities of the Society. You, too, can provide ongoing support through a planned gift. In addition to significant tax benefits for you or your estate, a planned gift is an investment in the future. 

 

North Dakota Charitable Giving 40% Tax Credit

Your gift to the Historical Society Foundation’s endowment provides an ongoing resource. Through the North Dakota Charitable Giving Tax Credit, annual contributions of $5,000 or more to our qualified endowment fund may be eligible for a North Dakota state tax credit of 40% of the gift amount, up to a maximum credit of $10,000 per individual or $20,000 per couple filing jointly. Any unused credit can be carried forward for an additional three years. 

 

To explore planned giving opportunities, please contact:


  Marlo Sveen, SHSNDF Executive Director
  marlo@statehistoricalfoundation.org
  701-222-1966 or 701-226-5797 

 

 

 

 

 

Additional Giving Opportunities

 

Gifts with Immediate Benefit

CASH

A cash gift is the most convenient way to make a gift to the Historical Society Foundation. Your gift benefits us immediately and you receive a charitable giving tax deduction on this year’s return. In addition to a federal deduction, North Dakota offers a 40% state tax credit for gifts of $5,000 or more to qualified North Dakota 501(c)3 endowments such as the Historical Society Foundation's endowment fund.

 

SECURITIES

A gift of stocks or bonds may provide you with an even greater tax benefit. If you have owned securities for more than one year and the value has increased, you can avoid capital gains taxes and receive a charitable giving tax deduction equal to the fair market value of your gifts.

 
 
REAL ESTATE

A gift of real estate that has been held for more than one year provides you with a charitable giving tax deduction based on the current value of the property, while avoiding capital gains tax on the sale of your property.

 

Gifts that Leave a Legacy

CHARITABLE BEQUESTS

Aside from cash giving, perhaps the best known vehicle for philanthropy is the bequest. A bequest is a gift made through your will or trust, documenting your wishes today without relinquishing assets during your lifetime.

 

Gifts that Generate Income for You

CHARITABLE REMAINDER TRUST

A charitable remainder trust (CRT) provides both a gift for us and an income for you. CRTs enables you to generate income, avoid capital gains tax on the sale of your appreciated assets, provide you with a charitable income tax deduction while fulfilling your philanthropic objectives. Additionally, North Dakota offers a 40% state tax credit for planned or deferred gifts of $5,000 or more.

 
CHARITABLE GIFT ANNUITY

A charitable gift annuity is similar to a charitable trust, but simpler. You transfer your cash or property to us and we promise to make a fixed payment to you for life at a rate based on your age. In addition to the security of fixed income, you receive a charitable income tax deduction and a portion of each of your annuity payments may be tax free.

 

IRA Rollover

If you are 70½ or older, you may also be interested in lower the taxes on your IRA withdrawals. An IRA charitable rollover is a way you can help us continue our work you realize the benefit this year. Contact us for more information about the benefits of an IRA rollover and how it works.