Tax Opportunity to Benefit Charity - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Tax Opportunity to Benefit Charity

Tax Opportunity to Benefit Charity

Posted: Updated:

The end of the year is a time for many to look at their tax situation...

Many will owe the state or federal government...and are looking to give to charity instead of the government.

The North Dakota state legislature passed a bill in 2011 that makes giving to charities extremely beneficial -- and Ken Kitzman with the Community Foundation wants to make sure people are aware of it.

Individual gifts to qualified endowment funds can carry a big bang for the buck -- and result in less headed to the state coffers.

The bill allows a 40 percent tax credit up to 10 thousand dollars...

(Ken Kitzman - MACF President) "For those folks who like giving back...they tend to be pretty savvy. They are, a lot of them are saying for example, I could give you 10 thousand dollars cash, or I could give you 25 thousand dollars and it is going to cost me ten. That is the difference. It is a huge, huge, benefit."

Kitzman encourages anyone with questions to talk to the Community Foundation or a trusted financial advisor to see if there is an opportunity to give.

The state by the way, ranks 48th in the nation for average charitable contributions per tax return.

  • Minot/Williston NewsMore>>

  • KX Weather Kid: Rebecca Kiefer

    KX Weather Kid: Rebecca Kiefer

    Wednesday, April 23 2014 11:55 PM EDT2014-04-24 03:55:37 GMT
    KX Weather Kid: Rebecca Kiefer
    KX Weather Kid: Rebecca Kiefer
  • More Oil Socks Discarded in Divide County

    More Oil Socks Discarded in Divide County

    Wednesday, April 23 2014 11:50 PM EDT2014-04-24 03:50:55 GMT
    Another site of illegally dumped oil filter socks has been found north of Crosby.
    Another site of illegally dumped oil filter socks has been found north of Crosby.

  • Refinery on Track for 2016 Opening

    Refinery on Track for 2016 Opening

    Wednesday, April 23 2014 7:57 PM EDT2014-04-23 23:57:07 GMT

    Foundation pours are underway just north of Makoti on the Thunder Butte Petroleum Services refinery that should be ready to open in 2016.

    Foundation pours are underway just north of Makoti on the Thunder Butte Petroleum Services refinery that should be ready to open in 2016.

Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.