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Ramsey National Bank enhances endowment

By   Erin Wood

Ramsey National Bank recently donated $5,000 as a commitment to grow its endowment at Lake Region State College.
The Ramsey National Bank Endowment supports scholarships at Lake Region State College.

An endowment is a gift that lasts forever. Only the earnings are used to fund scholarships, program support, or other needs the donor requests in his/her donor agreement.

Now is the perfect time to enhance lives and receive maximum impact with your investment. Qualified gifts and pledges received before December 31, 2018, can grow 50 percent stronger when matched by the legislatively funded North Dakota Higher Education Challenge Fund. A pool of $200,000 is reserved for LRSC’s Foundation to claim -- $1 match for every $2 of qualifying gifts. Gifts of stock, real estate, and irrevocable-gift bequests may also be accepted and matched.

North Dakota taxpayers also can qualify for a 40 percent tax credit for gifts to permanent endowments managed by LRSC’s Foundation. Individuals must gift $5,000 in a year to qualify.

About Lake Region State College
Lake Region State College is a student-centered, open-access, comprehensive community college within the North Dakota University System. Nationally certified, the LRSC Automotive Technology program is a great experience for students seeking hands-on training. Lake Region State College provides quality academic education, vocational/technical training, workforce training, educational outreach opportunities, and life-long learning.