How to Donate
North Dakota’s Gateway to Science has established an endowment fund at the North Dakota Community Foundation (NDCF). This permanent resource will support science center operations for years to come. Click Donate Now to visit the NDCF website. Be sure to include “Gateway to Science” on the memo line of your check or type “Gateway” in the Search box to donate online.
If you would like information about donating a different asset such as real estate or stock, or if you are interested in setting up a Charitable Gift Annuity to benefit the North Dakota’s Gateway to Science Endowment Fund, please contact NDCF at 701-222-8349.
State Tax Credit for Endowment Gifts
Businesses (C corporations, S corporations, estates, limited liability companies, trusts, and financial institutions) that pay North Dakota income tax may take a 40% credit up to a total of $10,000 for gifts to the qualified endowment fund of a qualified North Dakota charity.
Individuals may receive a state tax credit for a contribution for $5,000 or more (lump sum or aggregate in one year) to a qualified North Dakota endowment. The tax credit is 40% of the charitable deduction allowed by the IRS up to a maximum credit of $10,000 per year per taxpayer or $20,000 per year per couple filing jointly.
The tax credits may be carried forward for 3 additional tax years if it cannot all be used in one year.
Definitions Under State Law
Qualified nonprofit organization: a North Dakota incorporated or established 501(c)(3) organization to which contributions qualify for federal charitable income tax deductions with an established business presence or location in North Dakota.
Qualified endowment: a permanent, irrevocable fund (comprising cash, securities, mutual funds, or other investment assets established for a specific charitable, religious, or educational purpose and invested for the production or growth of income, or both, which may either be added to principal or expended) held by a qualified nonprofit organization or bank or trust company holding the fund on behalf of a qualified nonprofit organization.
For more information, visit https://www.ndcf.net/give/taxcredit.html.