Badlands Ministries provides a place for people of all ages and denominations to experience the power of Christ's love and witness the majesty of God's creation. Their endowment fund with NDCF provides a way for donors to support their mission with a lasting gift.
Assisting Nonprofits
Nonprofits provide vital services to our North Dakota communities and residents, from education to senior care to arts opportunities that wouldn't otherwise exist.
NDCF is here to help our nonprofits not only survive but thrive. Helping you accomplish your mission is pretty much ours.
We can help nonprofits fund specific projects and programs through our Statewide Greatest Needs Fund and numerous other granting opportunities. But we are most excited about helping you establish an endowment fund or non-endowed project fund for your organization.
An endowment fund provides permanent charitable cash-flow and over time, these interest earnings can become an important part of your annual budget. Endowment funds are an indicator that an organization's leadership is planning for the future.
Non-endowed project funds help you raise money for specific projects or programs for your organization. NDCF sends receipts to your donors and handles the administration of the funds, so you can focus on your mission.
Here are some details for getting started:
- A nonprofit agency or one of its supporters makes a gift to NDCF for the organization.
- The fund is established with this initial gift and the completion of an agreement outlining terms and conditions.
- Our professional staff supports the organization in its efforts to grow its fund.
- Anyone may make gifts at any time to an organization's fund at NDCF. These gifts may be cash, publicly traded or closely held securities, bequests, planned gifts, insurance, IRAs, Remainder or Lead Trusts, real property, etc. There are tax advantages for donating to a qualified North Dakota endowment fund.
- NDCF professional staff handles the administrative details and tax forms.
- Your fund's total assets, gifts received, and grants awarded every year are available to you via an online portal.
Financial Facts
- Organization Endowment Funds can be established with a minimum gift of $50, but must have reached a total balance of $25,000 within 3 years. Non-endowed funds can be established with any amount.
- Approximately 4% of the previous 12 quarter rolling average of the endowment fund's balance is available annually for the organization's use. The total assets in a non-endowed fund are available to the organization minus the initial one-time administrative fees.
- Endowment funds are invested in a diversified portfolio designed to manage market risk, dampen market volatility, and ensure steady growth over time.
For more information about how an endowment or non-endowed fund can help your nonprofit, please give us a call at 701-222-8349.
More than 85 nonprofit organizations in North Dakota have established endowment funds at NDCF, including
- Abused Adult Resource Center Endowment
- Bismarck Art & Galleries Association Endowment
- Cooperstown Bible Camp Endowment
- Enderlin Museum Endowment
- Gateway to Science Endowment Fund
- Humanities North Dakota Endowment
- Linton Hospital Endowment Fund
- Missouri Slope Areawide United Way Endowment Fund
- North Dakota FFA Foundation Endowment Fund
- United Tribes Technical College Endowment Fund
- Washburn Volunteer Ambulance Service Endowment Fund
- Young Life North Dakota (Bismarck) Fund
