This page provides helpful information for donors exploring ways to make a lasting impact through charitable giving, including how North Dakota’s Endowment Tax Credit may apply to qualifying gifts to the Forever Fund at North Dakota’s Gateway to Science.
Tax Benefits at a Glance
- 40% North Dakota state tax credit for qualifying endowment gifts
- Individuals: $5,000 minimum gift required
- Businesses: eligible for up to $10,000 credit per year
- Unused credits may generally be carried forward for up to 3 additional tax years
What Is the Endowment Tax Credit?
North Dakota offers a state tax credit to encourage long-term charitable giving through qualified endowment funds.
When donors give to an eligible endowment, they may receive a state tax credit in addition to federal charitable tax deductions. These incentives help support permanent funds that benefit organizations like North Dakota’s Gateway to Science for generations.
How the Tax Credit Works
For Individuals
Individuals may be eligible for a 40% North Dakota state tax credit for qualifying gifts of $5,000 or more made in a single tax year.
- Maximum credit: $10,000 per taxpayer per year
- Married couples filing jointly: up to $20,000 per year
- Credits may generally be carried forward for up to 3 additional years if not fully used
For Businesses and Other Entities
Businesses, including C corporations, S corporations, estates, limited liability companies, trusts, and financial institutions that pay North Dakota income tax, may be eligible for a 40% tax credit for qualifying gifts to a qualified endowment fund.
- Maximum credit: $10,000 per taxpayer per year
- Applies to qualifying gifts to eligible North Dakota charitable endowments
Learn More About the Forever Fund
Additional Resources
- North Dakota Community Foundation Endowment Giving Information
- North Dakota Department of Revenue
- Gateway to Science Forever Fund Page
Important Disclaimer
This page is provided for general informational purposes only and should not be considered legal, tax, or financial advice. Eligibility for tax credits depends on individual circumstances.
Donors should consult a qualified tax advisor or financial professional for guidance specific to their situation.
Contact Us
If you have questions about giving to the Forever Fund or would like to discuss options, we are happy to help.
Beth Demke
Chief Executive Officer
North Dakota’s Gateway to Science
701-258-1975
beth@gscience.org