Cando Connection Fund Established at Impact Foundation
Proceeds from the golf tournament and any charitable gifts received through the GiveBack initiative will be used to fund the Cando Connection Fund at Impact Foundation, a 501 (c)(3) nonprofit organization established in 2004 to serve North Dakota and western Minnesota. The Foundation’s mission is to lead innovative initiatives to increase and improve the impact of charitable giving. Impact Foundation commissioned The Boston College Center on Wealth and Philanthropy to conduct a study of the coming wealth transfer in North Dakota during 2001-2055. Notable statistics revealed:
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North Dakota will transfer $103.7 billion to family and other heirs
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Charitable giving, both lifetime gifts and bequests, is estimated at $67.2 bllion
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Estate fees (debt, burial costs, and legal/probate costs) will amount to $7.2 billion
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Loss of capital to North Dakota due to estate taxes is estimated at an alarming $55.3 billion
Given this projected transfer of wealth and the tremendous charitable investment potential, nonprofits must prepare themselves to become superior performers capable of maximizing donors’ investments in their communities. When nonprofits operate more effectively, our communities are much better served. The Cando Connection Fund goal is to raise over $1 million in the next 7 years to benefit the Cando area. Impact Foundation has waived its fund management fees for the first year. In subsequent years, the fund management fees will be less than 1%.
Donor Services:
■ Donor Advised Funds
■ Charitable Gift Annuities
■ Charitable Remainder and Lead Trusts
■ Endowment and Spend-Down Funds
■ Field of Interest Funds
■ Scholarship Funds
■ Private Foundation - formation and management
Impact Foundation Initiatives and Programs:
Impact Institute for Innovation and Effectiveness provides customized training/consulting to nonprofits on effective operational strategies, efficient fundraising systems, and volunteer programming to optimize long-term sustainability resulting in a greater impact. Impact also assists donors and their legal/tax/financial advisors in creating more tax-efficient wealth transfer solutions. The Impact Charitable Planning process is designed to stem the out migration of capital due to avoidable estate taxes. Other Impact Foundation focus areas include health, economic development, education and training, and faith and civic based partnerships.
For more information about how to GiveBack, please contact:
Impact Foundation
4152 30th Avenue South, Suite 102
Fargo, ND 58104
Phone: (701) 271-0263
Fax: (701) 271-0408
Website: www.impactgiveback.org |
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| Cando City Park, Cando, ND |
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Consider Making a Charitable Gift to the Impact-Cando Connection Fund
We would welcome your participation in giving to the Impact-Cando Connection Fund. This is your invitation to GiveBack to the Cando area, thereby lending support to charitable endeavors and providing a much needed boost to area residents, who are frequently asked to participate in worthy community causes. Please open, print, and complete the Charitable Gift Form .pdf (located at the bottom of this section), and return it with your charitable donation of $100 or greater made payable to the Impact-Cando Connection Fund to:
Impact Foundation
4152 30th Avenue South, Suite 102
Fargo, ND 58104
The Impact-Cando Connection Fund can also take online donations through the www.impactgiveback.org website. We want you to be aware that there is a 3% service charge assessed on the donated amount by the credit card company processing our donations; however, Impact Foundation does not assess any additional fees for online donations. If you would like to give an online donation to the Impact-Cando Connection Fund, please click on the Donate button below to complete your gift. Thank you!
If you would like to learn more about the Impact-Cando Connection Fund, please contact:
Rusty Papachek - (701) 277-3804 - rustyp@westacres.com
Jill Eggl - (701) 232-3720 - jeggl@cableone.net
Cindy Eggl - (701) 234-1706 or (701) 356-2658 - cindyeggl@dakmed.org
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