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MetroPlains Management Funds $250,000 into FM Area Foundation

To Support Area Affordable Housing Objectives MetroPlains Management has established a charitable fund, the MetroPlains Management Foundation, at the FM Area Foundation with an investment of $250,000. These funds will support MetroPlains’ geographic, employee and affordable housing objectives by providing educational scholarships, employee matches on donations, as well as many other uses to provi…

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Select Your Perfect Giving Option

Giving to the FM Area Foundation is simple. If at any time you have a question or would like to explore ways to maximize your impact and tax benefits of a particular giving option, our staff is here to help. We accept a wide range of gift options--some for today and others for the future.Make a Gift Today Below are several options for immediately making an outright gift to the community foundatio…

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Planned Giving Starts Now: Tips and Talking Points for Lifetime Charitable Gifts

According to 2020 statistics released in June 2021 as part of the Giving USA report, Americans’ bequests to charity totaled nearly $42 billion last year. That’s a tremendous amount of charitable giving flowing to community organizations from donors after they die. Still, it’s a fraction of the $324 billion Giving USA reports was given to charities in 2020 by living individuals.      As you work w…

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These Three Factors Are a Big Deal in Gifts of S Corp Stock to Charity

S Corporation, or limited liability company? That’s a question many family businesses grapple with in their formative stages. For years, S Corporations were frequently preferred for small businesses that wanted the protection of a corporate structure versus a traditional partnership. In the 1990s, limited liability companies, or LLCs, rose in popularity because they offered both favorable tax trea…

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Proposed Legislation: What's In It For Giving?

The nonpartisan Joint Committee on Taxation’s report issued just a few days ago is already creating a buzz among attorneys, accountants, and financial advisors who provide charitable planning advice to their clients.  Here are four considerations as you navigate the weeks ahead and prepare for the possibility that the legislation may become law. Take advantage of the AGI limitations suspended …

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Donor Privacy: Ongoing Concern For a Common Client Priority

In an era of social media and intense polarization of rhetoric, it’s no wonder so many charitable individuals and families choose to give to their favorite causes anonymously. And, bolstered by the United States Supreme Court’s decision in favor of donor privacy (affirming a position advocated by parties across the political spectrum), this trend is likely to continue.  At the FM Area Foundation,…

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More than Half a Million Dollars Awarded to Local Nonprofits

The FM Area Foundation has awarded its 2021 community grants in the areas of Arts, Culture & Creativity; Basic Human Needs; Community Building; Education; and Women & Children. Also, this year, in partnership with the City of Fargo, $100,000 was designated for grants to New American organizations or to organizations primarily serving Black, Indigenous and People of Color (BIPOC) communitie…

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Foundation Celebrates $61 Million in Awarded Grants in 61 Years

The FM Area Foundation is celebrating 61 years of philanthropy in Fargo-Moorhead.  Since 1960, families, individuals and organizations have built the community foundation through their generosity. Donations of all sizes have made an impact in communities in Cass and Clay counties, across the state, and beyond. Because of these generous gifts throughout the last 61 years, the FM Area Foundation ha…

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“501(c) what?”: Sorting through jargon to determine deductibility

When tax season rolls around each spring, a new crop of questions may arise concerning clients’ gifts to various organizations and whether those donations qualify as tax-deductible charitable contributions. Keep in mind that Section 501(c) of the Internal Revenue Code lays out the requirements for organizations to be considered tax-exempt--a status for which an organization must seek IRS approval…

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IRAs, Field-of-Interest Funds, and Designated Funds: Don't Overlook These Powerful Tools

Designated funds and field-of-interest funds may not always be top of mind when you are developing philanthropy plans for your clients and their families, but they are extremely valuable tools in certain circumstances and it’s important to be aware of what the terms mean. A field-of-interest fund at the FM Area Foundation is established by your client for a charitable purpose described by your cl…

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