ND Veterans Cemetery Foundation
Endowments
North Dakota Income Tax Credit - Donors now have the option of donating to a qualified endowment within the North Dakota Veterans Cemetery Foundation. When contributing $5,000 or more to a qualified North Dakota endowment, you are eligible for a 40% state tax credit on those funds. This 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.
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.
Also, did you know that the above credits are permanent and do not have sunset periods?
The table below shows the estimated cost of a gift to a ND qualified endowment fund for donors in the 32% bracket:
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For illustration purposes only. Please consult your tax advisor and for additional information, please email info@ndvcf.org or call 701-667-1418.