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Giving Season with a Family Philanthropy Refresher

If you’re like most advisors today, you’re seeing an uptick in clients’ questions about charitable giving techniques that go beyond the nuts and bolts of tax law. Attorneys, accountants, and financial advisors hold trusted positions with philanthropic families to offer not only suggestions for tax planning in support of favorite causes, but also to be aware of perspectives that will make the chari…

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Grant Allows Barnesville Ambulance to Purchase Life-Saving LUCAS Device

The FM Area Foundation has awarded a $8,993 grant to the Barnesville Ambulance to purchase a LUCAS 3 manual CPR device. The LUCAS is a mechanical chest compression device that delivers high quality, guidelines-consistent chest compressions to sudden cardiac arrest patients.   The Barnesville Ambulance has one LUCAS device, which has been credited with saving at least five lives over the last two …

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IRA Charitable Rollover Distribution to Create a Designated or Scholarship Fund

When available, donations from IRAs are one of the best charitable giving tools after tax reform. They completely avoid the standard deduction and give the donor a full dollar-for-dollar benefit. For federal tax purposes, qualified distributions up to $100K from an IRA made directly to charitable organizations are excluded from the owner’s gross income, if the distributions are made on or after t…

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“Bunching” Charitable Giving with a Donor Advised Fund

Most taxpayers won’t accumulate enough itemized deductions to exceed the new standard deduction. But if they plan deductions to be incurred over every other (or every third) year, they may periodically exceed the standard deduction and secure a tax benefit for their charitable donations in that “bunched” year. The key is pushing some deductions off to a future year and then, in that year, acceler…

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Foundation Awards 2019 Community Grants

The FM Area Foundation has awarded the 2019 community grants in the areas of Arts, Culture & Creativity; Basic Human Needs; Community Building; and Education. The Foundation's community grant rounds are funded by unrestricted and field of interest gifts. Nonprofits apply to one of the four focus areas through a competitive grant process. Grant applications are evaluated by Foundation staff, a…

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New Fund Supports Initiatives in Moorhead

Community members have an opportunity to support Moorhead initiatives in a new way. The City of Moorhead recently established a fund at the FM Area Foundation to accept donations for activities, programs, amenities and initiatives. It is called the Moorhead Community Fund and donations to the fund, which will be used for the betterment of Moorhead, are tax-deductible. “Residents of a growing, en…

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Foundation Awards Scholarships for 2019-20 Academic Year

It’s back to school time and the FM Area Foundation has been busy sending scholarship dollars to higher education institutions for local students. This year, we awarded $262,022 in scholarships to 200+ deserving students. FM Area Foundation scholarships are funded by donors who establish funds to support students working to reach their full potential through higher education and training. Congra…

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Women's Fund Awards Community Grants

The FM Area Foundation's Women's Fund recently awarded grants to 13 local organizations totaling $48,120 to help inspire girls and empower women.  This year's grant recipients are:  BIO Girls for BIO Girls Program Diversification Boys & Girls Club of the Red River Valley for Positive Action, Positive Girls Immigrant Development Center for Economic Stability of Women Inspire Innovation L…

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Addiction and Recovery Forum Held with Governor, First Lady and TEDxFargo Speaker Moyers

The FM Area Foundation partnered with Recovery Reinvented and the Office of the First Lady of North Dakota to host an addiction and recovery forum with 2019 TEDxFargo speaker William Moyers on July 24 in Fargo. Governor Doug Burgum, First Lady Kathryn Burgum and Moyers held a discussion about challenges communities face in tackling addiction and how addiction recovery service providers can collab…

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Foundation Welcomes Carrie Feigum as Donor Services Assistant

The FM Area Foundation is excited to welcome, Carrie Feigum, to our team as our new Donor Services Assistant! Carrie will be managing our database system, as well as other special projects.  Here are some fun facts about Carrie: Where are you from?I'm originally from Barnesville, Minn. I currently live in Moorhead with my husband Jesse and our four boys. What are your hobbies?I love to cook, re…

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