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A monthly newsletter for our region's trusted financial and legal advisors, by the Community Foundation of Grand Forks, East Grand Forks & Region.

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Tax time is just around the corner, which means your clients may be taking a closer look at charitable giving options as they pull together information for 2023 filings. In this issue, we’re covering 3 topics that may capture the attention of philanthropic individuals and families this year while they’re talking with advisors about tax preparation.

  • Reviewing tax returns with a client can feel like an administrative task that simply needs to get done. But don’t overlook the value of the review process to point out planning opportunities for this year and beyond, especially related to charitable giving and working with the Community Foundation.  
  • Each philanthropic client’s goals are unique, and charitable planning is not a one-size-fits-all proposition. The Community Foundation offers charitable giving vehicles to meet a wide range of clients’ needs. Discover the many types of funds available through the Community Foundation, and how each may be a fit for certain client situations.
  • We’re always on the lookout for trends and legal updates that may impact charitable planning and the work you do for your clients. To that end, we’re sharing recent developments related to donor-advised funds and offering suggested reading materials to help you stay informed. 

As always, we appreciate the opportunity to work with you and your clients during tax time and every other time of year. We’re your partner in charitable giving, and it is our pleasure to help you serve your philanthropic clients as they support the causes they love.

Wishing you all the best for tax season!


Becca Baumbach
​Executive Director


Stay up-to-date on benefits, opportunities, and changes that may impact your clients.

As you scan 2023’s charitable contributions, talk with the client about whether those charitable gifts were made with cash or with other assets and then steer the conversation toward discussing the most effective assets to give to charity during 2024 and beyond.

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Just as each of your clients has a unique estate plan and financial plan to meet the client’s particular situation and goals, each of your philanthropic clients needs a unique charitable giving plan.

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On an ongoing basis, the team at the Community Foundation tracks legislation, legal developments, trends, news, and innovative strategies for all types of charitable giving so that we can keep fund holders and their advisors up to date.

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Endowments are a sustainable forever gift that generally qualify for a deduction on both your federal and state income tax return. Many donors choose to establish or add to existing endowment funds to provide a vital base source of funding that may allow a benefitting organization to carry on, even in lean years.

ND State Tax Credit for Endowment Gifts

If your clients are North Dakota taxpayers, they may be eligible to claim a credit of 40% on a minimum donation of $5,000 to a qualified endowment at the Community Foundation through the North Dakota Charitable Income Tax Credit. This is on top of the savings they receive on their federal tax return by itemizing their qualifying charitable donations. By taking advantage of both the state tax credit and the federal tax deduction, your clients can significantly lower the net cost of their contribution and triple its impact.

All of the Community Foundation's endowment funds qualify for this tax credit!

Individuals may receive a state tax credit for a contribution for $5,000 or more (lump sum or aggregate in one year) to a qualified North Dakota endowment. The tax credit is 40% of the charitable deduction allowed by the IRS up to a maximum credit of $10,000 per year per taxpayer or $20,000 per year per couple filing jointly. Effective for taxable years starting in 2011.

Example: Mr. Jones, a North Dakota resident, donates $20,000 in cash to an endowment fund at the Community Foundation. He receives an $8,000 tax credit (40%) on his North Dakota return. If he is in the 28% federal tax bracket, his federal tax savings is $3,360 (28% of $12,000). The "cost" of his $20,000 gift is offset by $11,360 in tax savings.

Businesses (C corporations, S corporations, estates, limited liability companies, trusts, and financial institutions) that pay ND income tax may take a 40% credit up to a total of $10,000 for gifts to the qualified endowment fund of a qualified North Dakota charity. Effective for taxable years starting in 2011.

In all of the above, the credit may be carried forward for 3 additional tax years if it cannot all be used in one year.


Our office is open Monday through Thursday from 10am to 4pm. Meetings are by appointment. We keep remote hours on Fridays from 10am to 4pm and are available by phone and email.

This newsletter as well as any referenced materials are provided for informational purposes only. They are not intended as legal, accounting, or financial planning advice.