The tax credit is 40 percent of the charitable reduction 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. For donors in a 28 percent federal tax bracket, the tax benefits may look like this:
Gift Amount: $5,000 $10,000 $25,000 $50,000
Federal Tax deduction - 1,400 - 1,680 - 7,000 - 14,000
N.D. state income tax credit - 2,000 - 4,000 - 10,000 - 20,000
Net Cost of Gift $1,600 $4,320 $8,000 $16,000
For Businesses and Financial Institutions: C corporations, S corporations, partnerships, estates, limited liability companies and trusts that make gifts to the LEGACY CHILDREN’S FOUNDATION ENDOWMENT FUND, a qualified North Dakota charity may receive a state tax credit equal to 40 percent of the value of the gift, up to a maximum credit of $10,000 per year.
For more specific information about LCF endowed funds please contact:
The FM Area Foundation
BOOST us up!
Donations of BOOST liquid protein drinks are received at our central location and distributed at our food pantry. Thank you!
Your thoughtful consideration in supporting our life-changing mission through a financial gift allows us to provide vital after school resources to our students. "Our work is.... We thank you very much." Give online at Impact. Thank you very much!
Our work is completely dependent on the support and encouragement of our community thus making your donation vitally important to the success of the teenagers who have developed this program. We promise to be frugal stewards of your donation.
We thank you!
Every student deserves to graduate!
LCF Endowment Fund... a gift that keeps giving!
An individual may receive a state tax credit for a contribution of $5,000 or more (lump sum or aggregate in one year) to the LEGACY CHILDREN’S FOUNDATION ENDOWMENT FUND a qualified North Dakota charity.
Students need to see and know that people care about them. Your presence at our events or as a volunteer shows kids they are important assets in our community. Thank you for your ongoing gift of presence!
We provide many after school opportunities to support and develop the gifts and talents of each LCF student.
Adult drivers over the age of 25 are needed to help us safely transport our students. Please contact us if you have time and interest to help in this very flexible way.
Fargo's premier, youth-led food pantry in partnership with the Great Plains Food Bank is a great place to help us serve our hungry Fargo neighbors. Please register on line at SignUp.com to help us serve, love and encourage others. Be thankful everyday, but especially Thursday!