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North Dakota Income Tax Credit

North Dakota is a leader is providing tax credit incentives for donors making charitable gifts. Recent legislation added another charitable income tax credit for North Dakota taxpayers who make gifts to a charitable endowment or through a planned gift.

Tax Credit for Individuals who Establish Endowments

This tax credit makes it possible for North Dakota residents, who wish to support Sanford Health, the opportunity to create a named endowment or make a gift to a charitable endowment that will support health care in the Fargo region and receive credit on their income taxes. Details of this credit include:

  • 40% of the value of the gift up to a maximum credit of $10,000 per person or $20,000 for joint filers.
  • Any unused credit can carry forward for 3 years.
  • A minimum gift of $5,000 annually is required to qualify for this credit.

Tax Credit for Businesses and Financial Institutions

Businesses and financial institutions (C corporations, S corporations, limited liability companies and trusts) that make gifts to qualified endowments may also qualify for the North Dakota income tax credit. Details of this credit include:

  • 40% of the value of the gift up to a maximum credit of $10,000 per year.
  • Any unused credit can carry forward for 3 taxable years (financial institutions excluded).

Planned Gifts by Individuals

Eligible planned gifts to qualifying North Dakota nonprofit organizations also qualify for this income tax credit. Eligible planned gifts include various charitable trusts, current and deferred charitable gift annuities, certain life insurance policies, pooled income fund trusts, and charitable life estate agreements. Details of this credit include:

  • 40% of the federal deduction created by the gift to a maximum credit of $10,000 per year per person or $20,000 for joint filers.
  • The credit may be claimed in the year of the gift, plus a carry-forward period of three years.

Benefits of the North Dakota Income Tax Credit

North Dakota tax payers can receive incomparable income tax benefits by taking advantage of this income tax credit. All donors are encouraged to seek out tax and legal advice from their own professional advisors.

The hypothetical example below shows the tax benefit of a charitable endowment tax credit for a tax payer in the 28% federal tax bracket:

Gift amount$5,000$25,000$50,000
Federal tax deduction-$1,400-$7,000-$14,000
N.D. state income tax credit-$2,000-$10,000-$20,000

Net cost

$1,600

$8,000

$16,000


Established by Congress for 2013, tax payers in the 39.6% federal tax bracket will receive the following benefits:

Gift amount$5,000$25,000$50,000
Federal tax deduction-$1,780-$8,900-$17,800
N.D. state income tax credit-$2,000-$10,000-$20,000

Net cost

$1,220

$6,100

$12,200