North Dakota Endowment Credit

TAX CREDIT STILL AVAILABLE FOR ENDOWMENT CONTRIBUTIONS

Tax credits are still available for contributions to qualified ND endowment funds. Gifts of $5,000 or more to one of the many qualified endowment or scholarship funds (school related or not) are eligible for a tax credit equal to 40% of the charitable gift. The maximum credit is $10,000 for an individual; $20,000 for married individuals filing a joint return; and $10,000 for corporations and pass-through entities. Any unused portion of the is credit can be carried forward for up to three taxable years, so this credit can be applied after the non-public school credits. (ND Century Code 57-38-01-21)

General Tax Benefits for your Endowment Gift: