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“If not 501(c), then what?”: Cautioning Clients About Crowdfunding

What if your clients make donations to entities that don’t fall under a specific section of the Internal Revenue Code, but feel “charitable” nonetheless because the dollars are helping people in need? Perhaps a client has helped set up a dedicated account at a bank to provide scholarships to the children of an accident victim, or even participated in a GoFundMe fundraiser to help a specific family…

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Sher Thomsen Joins Board of Directors

The FM Area Foundation is pleased to announce Sher Thomsen has joined its Board of Directors. Thomsen is the co-owner and executive advisor for Black Arbor Capital. She served as president for the United Way of Cass-Clay from 2011 to 2016, where she led a strategic shift in the organization’s investment strategy and evolved their business model. Thomsen has spent the last 20 years in leadership r…

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Statement on Vandalism at Moorhead Fargo Islamic Center

We are saddened by the appalling acts against the Moorhead Fargo Islamic Center that took place over the weekend. Senseless hate crimes, such as these, do not belong in our community. At the FM Area Foundation, we believe in creating a more welcoming and equitable community for everyone. Because of these reasons, we have chosen to provide a grant to the Moorhead Fargo Islamic Center in support of…

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Back to Basics: Retirement Plans and Life Insurance Can Fuel Meaningful Bequests

Your client’s fund at the FM Area Foundation can be an ideal recipient of estate gifts through a will or trust, or through a beneficiary designation on a qualified retirement plan or life insurance policy.  Bequests of qualified retirement plans can be extremely tax-efficient. This is because charitable organizations, such as the FM Area Foundation are tax-exempt. This means, the funds flowing di…

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Keeping Our Community Strong: Your Role is Critical

COVID-19 has significantly impacted nonprofit operations across the country and hampered nonprofits’ ability to help their communities during a crisis in which millions of people are in need. The National Council of Nonprofits reports widespread damage to nonprofits’ programs, services, supplies, staffs, and budgets due to the pandemic and current economic challenges. This means, nonprofits need p…

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Beyond the Tax Deductions: Selecting a Vehicle to Celebrate and Support a Family's Culture of Philanthropy

For many donors, the importance of a multi-generational family philanthropy plan is high on the radar, especially in the wake of 2020’s eye-opening events highlighting the importance of rallying around important social and community priorities. How do you know when a client’s family is a strong candidate for more formal philanthropic planning, beyond simply budgeting for annual gifts to charity? …

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Eric Wilkie Featured in Fargo INC! Magazine

Executive Director, Eric Wilkie, is featured in the February issue of Fargo INC! magazine. He shares about his experiences in the nonprofit sector and his new role with the FM Area Foundation.  An excerpt from Fargo INC! magazine:  Wilkie has been working in nonprofit for 20 years. Half of those years have been spent in the trenches of the nonprofit world, helping to directly impact the lives of…

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Spirit of the Sandbagger Public Art Project Fund

The Fargo Lions Club is commemorating its 100-year anniversary. To celebrate, the club is facilitating a public art project to be funded by the community and then donated to the City of Fargo. This project will honor the spirit, determination and cooperation of all who volunteered to protect the community from historic flooding in 1997 and 2009 by filling and laying sandbags. The project is called…

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Matt Leiseth Joins Board of Directors

The FM Area Foundation is pleased to announce Matt Leiseth has joined its Board of Directors.       Leiseth is President of Hornbacher’s, with stores located in Fargo, Moorhead and West Fargo. Leiseth's career began at Hornbacher’s in 1991 as a bagger and continued with positions of increasing responsibility. He received a Bachelor of Arts degree in Business Administration from Concordia College …

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FM Area Foundation Launches Coffee for Healthcare Heroes Fund

In response to the increased demands being placed on local healthcare workers, the FM Area Foundation recently partnered with the Offutt Family Foundation to create the Coffee for Healthcare Heroes Fund to show support and appreciation for the important work being done. The purpose of the fund is to support, caffeinate and bring joy to frontline healthcare heroes working in the hospitals in the F…

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