Established in 2008 by a group of concerned residents, the Golden Valley County Community Foundation provides a method of receiving funds/donations to benefit projects or non-profits in Golden Valley County. The Fund is affiliated with the North Dakota Community Foundation, which is a non-profit tax-exempt corporation under IRS Code 501(c)(3) and North Dakota Law.
Management & Purpose
All contributions and bequests received by the Golden Valley County Community Foundation are placed into a permanent endowment fund. Earnings from the fund are used to support projects or programs in Golden Valley County as determined by a board of local citizens. The North Dakota Community Foundation provides professional management for the Fund. Gifts to the Fund are tax deductible to the full extend of Federal and State Law.
Matching Gift Opportunity
The North Dakota Community Foundation annually will match all gifts to the Golden Valley County Community Foundation dollar for dollar up to the first $10,000.00 raised. If the community can raise $25,000.00, and additional $5,000.00 will be added to the matching total.
Methods of Giving
Outright Gifts: This is a simple, convenient way to donate and receive a maximum tax advantage. Money, securities, or appreciated property may be transferred to the fund, and the donor receives a tax deduction based on the value at the time of transfer. The donor will not be subject to capital gains tax on any appreciation.
Bequests: Donors may provide gifts to the fund through their will. The will can provide for a stated sum, percentage, or for the residue and remainder of the estate, real or personal.
Deferred Gifts: Gifts made in this manner can pay a lifetime income to the donor or her designee. Upon death, the residue of the gift becomes property of the Golden Valley Community Foundation.
Life Insurance: By naming the Fund as the irrevocable beneficiary of a life insurance policy, donors are entitled to an immediate tax deduction in the amount of the cash value of the policy. Premiums paid thereafter are deductible from income tax.
Memorials: Gifts honoring individuals are an appropriate way of indicating one's care and concern.
*Be sure to consult with you financial or tax advisor for details.
Getting Involved
If you are interested in donating or would like more information, here is how you can get involved:
Online contributions to the Golden Valley County Community Foundation are available at the North Dakota Community Foundation' website, www.ndcf.net/DonateNow/DonateNow.asp, and select the Golden Valley County Community Foundation Fund.
Inquiries about the Golden Valley County Community Foundation and donations may be directed to:
Golden Valley County Community Foundation
PO BOX 784
Beach, ND 58621 Phone: 701-872-3121
Specific questions related to methods of giving and tax-exempt benefits may be directed to:
North Dakota Community Foundation
Attn: Kevin Dvorak
PO BOX 387
Bismarck, ND 58502 Phone: 701-222-8349
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