December 15, 2017
As a North Dakota taxpayer, you could benefit from a generous state tax credit when you invest in the future of local health care.
North Dakota offers a 40 percent state income tax credit for taxpayers making gifts of $5,000 or more to charitable permanent endowments in the state.
Act by Dec. 31 to establish an endowment or support an existing endowment fund through the Sanford Health Foundation Fargo. Give to any area of health care that matters most to you, and your gift of $5,000 or more could:
- Result in a 40 percent tax credit that could be applied to your 2017 taxes.
- Ensure patients and families across the region have access to the very best care, services and programs today, and for generations to come.
Below are examples of gifts to a qualified permanent endowment, with the dollar-for-dollar match and the 40 percent state income tax credit, for a taxpayer in the 28 percent federal tax bracket. *
The power of endowment
Endowment gifts provide a permanent and dependable source of funds to support the comprehensive, world-class care we know and trust today, and also ensure Sanford Health can continue attracting and retaining the best and brightest doctors, nurses and specialists to stay ahead of the curve in medical care for generations to come.
As North Dakota’s population continues to grow, these investments will ensure we’re prepared to meet the rising demand.
To learn more about creating an endowment before Dec. 31, contact your regional expert.
*We encourage donors to seek tax and legal advice from their professional advisors. We provide this as a hypothetical endowment example.