The ultimate recipient of your gift could be you, a friend or family member
CHI St. Alexius Health Carrington Foundation supports the Carrington location by sharing the story of rural healthcare and presenting the opportunity for people to invest in healthcare excellence. The Foundation operates with an Advisory Council comprised of community members and aligns with the vision of our Administration in providing the highest quality care in order to be one of the best hospitals in the United States. Tax deductible contributions support area healthcare needs through CHI St. Alexius Health Carrington. All gifts made to CHI St. Alexius Health Carrington Foundation remain local.
The Foundation works with those who wish to invest in the hospital and find areas within the facility where they would like their funds to be allocated.
-Cash Gifts, Checks or Credit Card donations can be given at any time
-Stock Gifts or other appreciated assets can be transferred to CHI St. Alexius Health Carrington Foundation and targeted to a specific area of interest
-Memorials and Honorariums offer opportunity to make gifts in memory or honor of a loved one, friend or healthcare provider such as your doctor or nurse
-Planned Gifts allow people to make gifts to CHI St. Alexius Health Carrington and its programs in the future. Such charitable contributions include wills, trusts, life insurance policies and other planned gifts. Please consult your financial planner for additional guidance in planned gifts.
North Dakota Taxpayers may receive a 40% tax credit for a gift to CHI St. Alexius Health Carrington Foundation's Endowment Fund
North Dakota legislators continue to move the state to the cutting edge of state charitable income tax credits with legislation providing tax credits for gifts made to qualified North Dakota endowments.
A qualified endowment is defined as an “irrevocable fund held by a North Dakota incorporated or established organization that is a qualified non-profit organization; or a bank or trust company holding the fund on behalf of a qualified non-profit organization.” An endowment is a fund held by a tax-exempt organization where the principal of the fund is not wholly expendable. Only the interest and appreciation earned in an endowment fund can be used for current operations.
An individual may receive a 40% tax credit for contributions of $5,000 or more (lump sum or aggregate in one year) to a qualified North Dakota endowment. If a donor is in a 28% federal tax bracket, the tax benefit may look like this:
Gift amount of $5,000 – $1,400 Federal Tax Deduction – $2,000 ND State Income Tax Credit = $1,600 Net Cost*
*This information is provided for educational purposed only. Please consult with your own attorney, accountant or financial advisor for advice on your particular situation.
Through your support, the Foundation is able to build a strong financial base that sustains, improves and grows our healthcare offerings.
For more information please contact:
CHI St. Alexius Health Carrington Foundation
800 North Fourth Street
Carrington, ND 58421