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>>

  • Zoo Animals Get New Toys

    Zoo Animals Get New Toys

    Thursday, April 24 2014 7:46 PM EDT2014-04-24 23:46:59 GMT
    Play time is a priority for the animals at Roosevelt Park Zoo.And thanks to a two thousand dollar donation from the folks at Hess Corporation, the zoo's cats will have some new toys.Today Lions, Tigers and bears were given these new toys, thanks to the company's donation.Weebles that weigh from 45 to 95 pounds and cost several hundred dollars each were enthusiastically accepted by the inhabitants at the zoo.Senior Keeper Becky Zahn Walcker says that the enrichment devices are such a treat bec...
    Play time is a priority for the animals at Roosevelt Park Zoo.And thanks to a two thousand dollar donation from the folks at Hess Corporation, the zoo's cats will have some new toys.Today Lions, Tigers and bears were given these new toys, thanks to the company's donation.Weebles that weigh from 45 to 95 pounds and cost several hundred dollars each were enthusiastically accepted by the inhabitants at the zoo.Senior Keeper Becky Zahn Walcker says that the enrichment devices are such a treat bec...
  • Business Beat - Dot's

    Business Beat - Dot's

    Thursday, April 24 2014 7:45 PM EDT2014-04-24 23:45:01 GMT
    Business Beat today looks at what it has taken to make a local business nearly a household name...and common snack too.Dot's Pretzels' share of the snack market is growing in the region -- and that has meant lots more work in Velva where the company is based.Perry Olson has that.Chop down on one of these...and you are bound to go back for more -- Dot's Pretzels -- baked up in Velva -- have taken off.(Dorothy 'Dot' Henke - Dot's Pretzels Owner) "I had a sales rep the other day...what he is say...
    Business Beat today looks at what it has taken to make a local business nearly a household name...and common snack too.Dot's Pretzels' share of the snack market is growing in the region -- and that has meant lots more work in Velva where the company is based.Perry Olson has that.Chop down on one of these...and you are bound to go back for more -- Dot's Pretzels -- baked up in Velva -- have taken off.(Dorothy 'Dot' Henke - Dot's Pretzels Owner) "I had a sales rep the other day...what he is say...
  • Student Spotlight --- Powers Lake

    Student Spotlight --- Powers Lake

    Thursday, April 24 2014 7:39 PM EDT2014-04-24 23:39:38 GMT
    Tonight's Student Spotlight falls on the top graduate at Powers Lake.Let's meet Jonathan Rosencrans.(Jonathan Rosencrans, Powers Lake Senior) "I think I did well here because there's not many students here to the teacher and the teachers are able to interact with all the students on a personal level. I enjoy physics class and have enjoyed math classes through the years. The teachers there are Mrs. Wistoff and Mrs. Schultz, and Mrs. Bolin has been a very helpful teacher, she's our English teac...
    Tonight's Student Spotlight falls on the top graduate at Powers Lake.Let's meet Jonathan Rosencrans.(Jonathan Rosencrans, Powers Lake Senior) "I think I did well here because there's not many students here to the teacher and the teachers are able to interact with all the students on a personal level. I enjoy physics class and have enjoyed math classes through the years. The teachers there are Mrs. Wistoff and Mrs. Schultz, and Mrs. Bolin has been a very helpful teacher, she's our English teac...
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.