Foundation

 

Carrington Medical Center’s Foundation supports the Medical Center 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 North Dakota. Tax deductible contributions help support area health care needs by supporting the Medical Center as it strives to offer the best quality care, locally. The ultimate recipient of your gift could be you, a friend or family member and result in reduced travel and time away from home as patient-centered care is offered in our hometown by hometown providers.
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.

Gifts may come in a variety of ways:

-Cash Gifts as well as checks and credit card donations can be given at any time

-Stock Gifts or other appreciated assets can be transferred to Carrington Medical Center 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 the Medical Center 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 Carrington Medical Center’s Future 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 not only sustains our current healthcare offerings, but improves and grows them as well.

All gifts made to Carrington Medical Center’s Foundation remain local! For more information or to make a gift please reach us at:

CMC Foundation

800 North Fourth Street

Carrington, ND 58421 701.652.7248

 

Carrington Medical Center and its Foundation are a non-profit 501c3 organization.

 

 Online giving form

For more information or to make a gift please reach us at:

CMC Foundation

800 North Fourth Street

Carrington, ND 58421

701.652.7248

 

Carrington Medical Center and its Foundation are a non-profit 501c3 organization.