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Hospice and Palliative Care Symposium

Thanks to the Bodien Endowment, Trinity Health Foundation is able to provide an annual Hospice and Palliative Care Symposium.  This event is free, open to the public, includes dinner, and continuing education credits will be available.  This year’s symposium will take place on Thursday, April 30, 2020 from 5-8:30 pm, at the Sleep Inn & Suites, Minot ND.  The program for this year’s event includes:

• 5-6 pm: Hard Choices for Loving People, Hank Dunn
• 6-7 pm: POLST, Nancy Joyner
• 7-7:15 pm: What is Palliative Medicine?
• 7:15-7:30 pm: Meet Your Hospice Team
• 7:30-8:30 pm: Hospice Family Panel Discussion

Registration for the event will be available in the near future on Trinity Health Foundation’s website.

Give to a qualified endowment and reduce your state taxes

North Dakota’s Century Code contains a provision that allows you to receive a tax credit when you give to a qualified endowment.  Note – this is a tax credit and not just a deduction.  This tax credit makes it possible for you to give more and make a greater impact on the health and wellness of the people in our region.  Here is how the provision works:

North Dakota residents, businesses, and financial institutions may qualify for a 40% tax credit on the value of their gift to a Trinity Health Foundation Endowment (minimum gift of $5,000 – at one time or aggregate in one year). The types of businesses and financial institutions this applies to include C corporations, S corporations, estates, limited liabilities and trusts. The maximum credit for a single tax year is $10,000 for an individual, $20,000 for a married couple and $10,000 for business entities.  Businesses may carry forward any unused credit for up to 3 taxable years (financial institutions excluded). Individual donors may carry forward any excess credit for 3 years.

For example if you made a $5,000 gift toward a qualified endowment, you would receive a credit of $2,000 on your North Dakota taxes.  If your tax liability to North Dakota in the year you made your gift was $2,000, then you would not owe any taxes to North Dakota once the credit was applied.  If your tax liability to North Dakota in the year you made the gift was only $1,000, then not only would you not owe North Dakota any taxes that year, you would also have $1,000 in credit to use over the next two years.

Trinity Health Foundation has the following endowments that one can give to:

• Trinity Health Capital Improvement Endowment provides funding for facilities and equipment upgrades including the new hospital
• CancerCare Endowment provides long-term funding for the Trinity Health CancerCare Center
• Holland Pediatric Endowment funds items related to pediatric care
• Nursing Scholarship Endowment provides scholarships to students enrolled in Nursing Programs
• Michelle Keller Radiologic Technology Endowment provides scholarships for students enrolled in the Trinity Hospital School of Radiologic Technology
• Verhey Critical Care Endowment contributes to the ongoing improvement and success of Critical Care programs at Trinity Health
• Willie and Ruth Bodien Endowment funds education about Hospice and end of life care

Based on Trinity Health Foundation’s spending policy and the UPMIFA guidelines included in the North Dakota Century Code, only 5% of an endowment’s funds may be expended each year.