Advocacy & Public Policy
ND Tax Credit for Charitable Giving
Participants in the signing ceremony with the governor included bill sponsors and NDANO members. Front row: Rep. Nancy Johnson, Dickinson; Sen. Tim Mathern, Fargo; Gov. Jack Dalrymple; Sen. Karen Krebsbach, Minot; Rep. Mark Sanford, Grand Forks. Second row: Dana Schaar, NDANO; Sen. Tim Flakoll, Fargo; Gerald Skogley, Prairie Learning Center Foundation; Rep. Roscoe Streyle, Minot. Third row: Gordon Binek, BSC Foundation; Kevin Dvorak, ND Community Foundation, Ken Kitzman, Minot Area Community Foundation, and Karen Bjella, Bismarck Public Schools Foundation.
NDANO, working closely with state legislators and other nonprofit leaders across the state, successfully led the effort to expand the state tax credit for contributions to endowments during the 2011 legislative session (SB 2160). The bill extends the existing business tax credit for gifts to endowments to financial institutions and provides a tax credit for individuals who donate $5,000 or more to a qualified endowment.
Charitable giving by individuals and businesses in North Dakota builds communities and enriches the lives of North Dakotans by supporting the work of the state’s charitable nonprofit organizations. And North Dakota endowments are investments in North Dakota that provide long-term benefits for our state and its citizens.
