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Established in 1998 by a grant from Mr. Frank Larson, the Oakes Area Community Foundation provides a method of receiving funds ⁄ donations to benefit projects or non-profits in the Oakes area. The fund is affiliated with the North Dakota Community Foundation, which is a non-profit tax-exempt corporation under IRS code 501(c)(3) and North Dakota Law.
All contributions and bequests received by the Oakes Area Community Foundation are placed into a permanent endowment fund. Earnings from the fund are used to support projects or programs in the county as determined by an Advisory Committee of local citizen volunteers. The North Dakota Community Foundation provides professional management for the fund. Gifts to the fund are tax deductible to the full extent of Federal and State Law.
The North Dakota Community Foundation annually matches all gifts to the Oakes Area Community Foundation dollar-for-dollar up to $10,000. If the community raises $25,000, an additional $5,000 will be added to the matching total*.
*Match policy subject to change.
| Outright Gifts Money, securities, or appreciated property may be transferred to the fund. The donor receives a tax deduction based on the value at the time of transfer. The donor will not be subject to capital gains tax on any appreciation. |
Life Insurance By naming the fund as irrevocable beneficiary of a life insurance polity, donors receive an immediate tax deduction. Premiums paid thereafter are deductible from income tax. |
| Bequests Donors may provide gifts through a will for a stated sum, percentage, or residue and remainder of the estate, real or personal. |
Memorials Gifts honoring individuals are an appropriate way of indicating one´s care and concern. |
| Deferred Gifts Deferred gifts may provide a lifetime income to donor or designee. Upon death, the residue of the gift becomes property of the fund. |
Charity Golf Tournament Recap (PDF format)
Golf Team Pictures (PDF format)
Grant Application (PDF format)
Grant Overview and Guidelines (PDF format)
Boy Scouts Troop #147
Dickey County Historical Society
Raise the Curtain
Oakes Golden Age Club
Dickey County 4-H Shooting Sports Club
Oakes Fire Department
Oakes Park Board
City of Fullerton
Oakes Alano Society
Oakes Volunteer Ambulance Service
John Zetocha, Toni Ptacek, Ron Goodman, Matt Hill, Tom Gulsvig and Kraig Steinhoff.
Oakes Area Community Foundation
Attn: John Zetocha
PO BOX 571
Oakes, ND 58474
701) 742-2112
www.ndcf.net/oakes
North Dakota Community Foundation
PO Box 387
Bismarck, ND 58502
701-222-8249
www.ndcf.net
