Impact Foundation

What it reported doing in 2024

North Dakota Wealth Transfer The Foundations initially commissioned and funded a North Dakota wealth transfer study in 2005, conducted by the Center on Wealth and Philanthropy at Boston College in Boston, Massachusetts. Impact has distributed the North Dakota Wealth Transfer Study to donors, community leaders, nonprofit organizations, attorneys, accountants, financial advisors, banks, and trusted personnel in several North Dakota communities. Another North Dakota Wealth Transfer Report was commissioned by the Foundation in 2011, "Endless Possibilities on the Prairie: Unleashing North Dakota's Great Potential" 2007-2061, and associated data entitled "Communities with Possibilities". The new study concluded that through 2061 North Dakota households will give over $95 billion to charity and pay an estimated $39 billion in estate taxes. The supplement to Endless Possibilities was the first ever county level analysis of North Dakota wealth transfer.Regional Philanthropy Study Impact commissioned the Regional High Impact Philanthropy Study in 2016 to gain a clearer view of why people in the region give money and time, how much they give, what motivates them, and several other issues related to philanthropy, estate planning and charitable contributions in the Fargo-Moorhead area. Dakota Medical Foundation and Alex Stern Family Foundation funded the effort. A team of North Dakota State University and University of North Dakota researchers developed and conducted the study. The philanthropy study complements "Endless Possibilities on the Prairie: Unleashing North Dakota's Great Potential," which provided an overview of wealth transfer and projected wealth transfer in North Dakota from 2007 to 2061. The philanthropy study data will help area charities strategically position themselves to be part of this projected wealth transfer and give donors more information about how they can deepen the impacts of their gifts. Impact has incorporated information and insights gained through the study into training materials and will continue to utilize this information in future training sessions with regional charities.Giving Hearts Day Website The website (www.givingheartsday.org) is designed to provide a one-stop information resource for donors to conveniently locate, review, volunteer and make contributions to 619 nonprofit organizations in the region. Qualified nonprofit organizations in North Dakota and northwestern Minnesota are encouraged to place their organizational information on the website to easily connect with donors of time, talent, and treasure. Donors are able to research and identify their favorite nonprofit organizations and to make contributions online using their credit card or by check. Nonprofit organizations are able to utilize the website to receive contributions and promote their organization year-round. Significant efforts and commitments have been made by Impact to enhance the website to better connect donors with nonprofit organizations that fit the donor's charitable goals. Since its 2007 implementation, the online giving website has processed nearly $69.9 million for its partner nonprofits. Impact implemented a Volunteer Initiative in 2007 designed to help nonprofit organizations more effectively recruit, train, manage and retain volunteers. The online giving website, GivingHeartsDay.org, includes a volunteer page that provides the capability for nonprofit organizations to list their volunteer opportunities, as well as needs for new and used physical goods. Giving Hearts Day (GHD) Initiative In 2006, Impact launched its GiveBack Initiative to inspire donors to substantially increase and improve the impact of their giving of time, talent, and treasure in North Dakota and western Minnesota communities. Grants from Dakota Medical Foundation, Alex Stern Family Foundation, Bush Foundation, and various individual and corporate contributions have provided the funding for this Initiative. Initiative strategies have focused on

Financial Efficiency

• Mission deployment rate: 57.3%; rating input score 57
• Program expense ratio: 92.4%; rating input score 92
• Fundraising efficiency: $146.02 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

• Consistency checks: 89.5%; rating input score 89; 3rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 88.2%; rating input score 88; 25th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 40.4%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 3.4; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 68; 68th percentile among comparable filings
• Officer compensation ratio: 4.5%; rating input score 57; 57th percentile among comparable filings

Growth

• Program expense growth: 7.3% per year; rating input score 100; 52nd percentile among comparable filings
• Revenue growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
• Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings