Home On The Range Foundation
Home On The Range Foundation was established in June of 1999. The Foundation is to receive, invest and dispense proceeds to fund the services benefiting our boys and girls.
A qualified endowment fund is a permanent fund, where the principal is never used. Only the interest generated from the principal is spent. It can be funded through cash donations, memorials and honorariums, or planned giving gifts.
The Home On The Range Facility Endowment has been set up to provide for operational funding, specific needs of the ranch and therapeutic programming.
The Father Fahnlander Endowment Fund has been created to honor Father William J. Fahnlander and to commemorate his years of service and leadership as superintendent of Home On The Range. This special endowment will provide for the spiritual and educational needs of the residents, as this was Father Fahnlander’s specific request.
North Dakota tax credit for gifts to HOTR Foundation
North Dakota residents have a wonderful opportunity to contribute to the HOTR Foundation and receive a N.D. tax credit for certain planned gifts and also for any gifts to the foundation that total $5,000 or more in a calendar year (gifts must be received by December 31). The tax credit (ND Century Code 57-38-01.21) allows individuals, businesses, trusts and estates to take advantage of a 40 percent state tax credit for contributions of over $5,000 to qualified charitable endowment funds. The maximum gift to receive the N.D. tax credit is $25,000 per person. Even better, the unused portion of that state tax credit can be carried forward for three years. Depending on your tax bracket, your donation to the HOTR Foundation can go farther and cost you less! For example:
A North Dakota taxpayer in the 25 percent tax bracket donates $25,000. After taking advantage of an estimated federal tax savings of $6,250 and a N.D. income tax credit of $10,000, the cost of that $25,000 donation is just $8,750! (Please consult your financial advisor for details and how the gift can impact your taxes.)
Mail your contribution to:
Home On The Range Foundation 16351 I-94 Sentinel Butte, North Dakota 58654
Gift Giving Opportunities
Gifts of Depreciated Farm Machinery
With the gift of depreciated farm machinery, farmers can avoid paying income tax on ordinary income from the restored appreciation, and if the machinery has a remaining cost basis, the donor can generally receive a charitable deduction for the amount. Vehicles can be donated to Home On The Range to be used by its employees, or to be re-sold for income. Blue Book values, age, mileage or hours used, and condition of the equipment and vehicles are used to assess deductible value.
Gifts of Grain/Livestock
Gifts of grain or livestock are easy to arrange with local elevators or livestock sales managers. Farmers and ranchers can designate a specific dollar amount from the sale or their grain or livestock and have a check sent directly to the organization.
Living Memorials
The greatest gift a person can give is one that offers meaning, hope, courage, and harmony to others. Your contributions in honor or memory of loved ones and friends enable Home On The Range to provide an environment where youth can feel safe, learn new life-skills and experience increased self-worth.
Gifts-in-Kind Guidelines
Home On The Range, a not for profit 501(c)(3) organization organized under the laws of the State of North Dakota, encourages the solicitation and acceptance of gifts for the purposes that will help Home On The Range further and fulfill its mission. In-kind gifts can be, but are not limited to, recreation equipment, clothing, quilts, board games, back packs, books, DVD’s (rated PG or PG-13 only) and holiday decorations. Home On The Range will gladly accept these types of donations on an as-needed basis.
Due to limited storage space, Home On The Range is unable to accept all in-kind donations. Donated items that do not fulfill our mission, or have to be stored for long periods of time will be given to another non-profit organization. In-kind donated items should be in good condition, clean, in working order, and require no repairs.
Planned Giving Opportunities
Planned gifts work well for people who have the desire to give, but may not currently have the financial capability to do so. The most common planned gift is a bequest in a will. A person can leave a specific dollar amount, property or stock, or a percentage of his/her assets to an organization. If you already have an existing will and want to make a bequest to Home On The Range, your attorney can add a codicil that explains your specific request. The original will is still valid and does not have to be rewritten.
Life Insurance
Individuals may give a substantial gift through a life insurance policy. An existing policy can be changed to list the beneficiary to Home On The Range or Home On The Range Foundation. A new policy can be written which the organization is the owner, beneficiary and payer of premiums. There are tax advantages to using life insurance, such as deducting the premiums as a taxable donation.
Charitable Gift Annuity
Another tax advantageous way to donate is with the charitable gift annuity. By establishing a gift annuity, you are provided a fixed income for you and/or your spouse during your lifetime, you receive income tax savings and assure future support of the organization. A donor contributes to the nonprofit, and based on the donor(s) age and the amount of the contribution, the organization pays the donor a specified amount annually, quarterly or even monthly. This payment is made to the donor(s) until their death, at which time, the remaining amount of the annuity goes back to the organization.
Gifts of Appreciated Real Estate
Almost any type of real property, a personal residence, a farm, a vacation home, a commercial building, or an undeveloped parcel of land can constitute a gift. Gifts of property can be given in a variety of ways. If the property is long term, you will generally avoid any tax on the capital gain, reduce your taxable estate by the value of your gift, and receive a charitable contribution deduction for 100% of the fair market value of the property.