Endow Iowa Program Celebrates 15th Anniversary

December 20, 2018

Des Moines, IA – (December 20, 2018) The Endow Iowa program celebrated its 15th Anniversary with a proclamation signing in Governor Reynolds’ office today. The program began in 2003 with $2 million in tax credits available. Demand for the tax credits has continued to grow and since 2013, $6 million has been available annually through this program. The Endow Iowa Tax Credit is awarded on a first-come, first-served basis to donors who make a gift to a permanent endowment fund, established for the benefit of Iowa charitable causes, at a qualified community foundation in Iowa. The program is utilized by a wide range of donors, including individuals, businesses and financial institutions, with a majority of donations at the $1,000 level or less.

Benefits of this program are many and include keeping charitable dollars in Iowa to assist nonprofits, charitable causes and communities across the state. Since the inception of the Endow Iowa Tax Credit program, Iowa community foundations have leveraged more than $264 million in permanent endowment fund gifts. The contributions were made through 35,732 donations. These dollars will continue to grow in endowment funds in perpetuity, improving lives for Iowans both now and for years to come. Last year alone, Endow Iowa funds at Iowa community foundations granted $17.7 million to nonprofits and charitable causes in the state.

The program is administered by the Iowa Economic Development Authority (IEDA) in collaboration with the Iowa Council of Foundations (ICoF). The ICoF is a statewide membership association of foundations and grantmaking organizations across Iowa. The ICoF’s mission is to strengthen and grow philanthropy in Iowa.

“Fifteen years ago, our state leaders had both the foresight and vision to recognize the potential of Endow Iowa as a tool to support our communities and to keep wealth from leaving our state. On behalf of the Iowa Council of Foundations and Iowa’s vibrant network of community foundations, we express our gratitude to the Governor and the legislature for their continued support and partnership,” said Kari McCann Boutell, President of the Iowa Council of Foundations.

To learn more about Endow Iowa please visit www.IowaCommunityFoundations.org.

To connect with your local community foundation, click here: CEDAR FALLS COMMUNITY FOUNDATION.

 

The Iowa Council of Foundations (ICoF) strives to strengthen and grow philanthropy in Iowa. Since 2004, the Iowa Council of Foundations has served as the state’s Lead Philanthropic Entity for the Endow Iowa Tax Credit program.

The Cedar Falls Community Foundation inspires and connects individuals, families, and organizations to enhance our community, support non-profits, elevate educational opportunities, and build legacies through philanthropy.

Foundation News

3/31/2020

Grant Portal to Open April 15; Donation to local Disaster Response Fund

Applications for Grants accepted thru June 30. The Cedar Falls Community Foundation grant application portal will be open April 15 – June 30. Grant applications will be accepted to the Rownd Trust (capital projects) and the Diamond Arts & History Fund. Applicants must be non-profit organizations and must submit through the CFCF portal at https://www.cf-communityfoundation.org/.

1/21/2020

Nominations being accepted for the Melendy Spirit Award

The Cedar Falls Community Foundation is accepting nominations for the Melendy Spirit Award. The Melendy Spirit Award is open to individuals, families, groups, or organizations who, as Cedar Falls residents, have made outstanding community contributions that have enhanced, improved, or positively affected the overall quality of life in Cedar Falls, through philanthropic or other means.