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FM Area Foundation Commits $250,000 as a Challenge Grant for Community Response Fund

The FM Area Foundation recently activated its Community Response Fund of Cass and Clay Counties to address the impact of the novel coronavirus pandemic in the Fargo-Moorhead area. The Foundation initially funded the Community Response Fund with $25,000 and is now committing an additional $250,000 as a challenge grant to the community. Grants from this fund will go to qualified nonprofit organizat…

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FM Area Foundation Activates Community Response Fund

The FM Area Foundation has activated its Community Response Fund of Cass and Clay Counties to respond to the impact of COVID-19. The purpose of this fund is to collect donations from individuals, families, businesses, private foundations, and the like, to support immediate and long-term recovery efforts following a community crisis or disaster. The Foundation is currently collecting donations to …

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FM Area Foundation Office Closed to Public

In Response to COVID-19 The FM Area Foundation’s priority is our community and all who live here. To help slow the spread of COVID-19, our office will be closed to the public and our staff will be working from home this week. Although the FM Area Foundation’s physical office will be closed, we will continue our daily operations. As always, you can call our main line at 701.234.0756 to be directe…

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Community Room Events Closed Until End of April

As we closely monitor the growing impact of COVID-19, we have decided to suspend use of our community room by outside organizations until the end of April as a preventative measure. We will reassess the situation and determine the best plan moving forward, at that time. The Nonprofit Learning Series event scheduled for March 26 at our office has been postponed. We will update those who were regis…

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Creative Solutions

As your clients gear up for another year of giving, how can you help them make the most of their good intentions? Consider helping clients plan their charitable giving budgets around three points—amount, timing, and category. How much? That’s the $64 question. Likely more, depending on the client's budget. Something for clients to keep in mind when setting a budget for supporting favorite cause…

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Corporate Philanthropists Get Relief from SALT Cap on Charitable Donations

Businesses frequently make cash donations to charitable organizations. But what happens to the deductibility of those donations under the state and local tax limitations imposed by the 2017 tax law? This issue continues to be the subject of discussion, but your business clients should be encouraged by the IRS’s commentary. The IRS has taken the position that a business taxpayer can usually deduct …

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FM Area Foundation Welcomes Three New Board Members

Katrina Turman Lang, Gary Nolte and Toni Sandin have joined the Board of Directors of the FM Area Foundation. "We are honored to have a Board of Directors comprised of talented and knowledgeable individuals who are dedicated to supporting the community," said Tim Beaton, Executive Director. "Katrina, Gary and Toni all bring unique perspectives that will help encourage philanthropy in our area." …

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Giving Season with a Family Philanthropy Refresher

If you’re like most advisors today, you’re seeing an uptick in clients’ questions about charitable giving techniques that go beyond the nuts and bolts of tax law. Attorneys, accountants, and financial advisors hold trusted positions with philanthropic families to offer not only suggestions for tax planning in support of favorite causes, but also to be aware of perspectives that will make the chari…

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Grant Allows Barnesville Ambulance to Purchase Life-Saving LUCAS Device

The FM Area Foundation has awarded a $8,993 grant to the Barnesville Ambulance to purchase a LUCAS 3 manual CPR device. The LUCAS is a mechanical chest compression device that delivers high quality, guidelines-consistent chest compressions to sudden cardiac arrest patients.   The Barnesville Ambulance has one LUCAS device, which has been credited with saving at least five lives over the last two …

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IRA Charitable Rollover Distribution to Create a Designated or Scholarship Fund

When available, donations from IRAs are one of the best charitable giving tools after tax reform. They completely avoid the standard deduction and give the donor a full dollar-for-dollar benefit. For federal tax purposes, qualified distributions up to $100K from an IRA made directly to charitable organizations are excluded from the owner’s gross income, if the distributions are made on or after t…

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