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.
To be a champion of local philanthropy and a trusted, empowering partner to donors who are passionate about enriching the community of Cedar Falls.
The Cedar Falls Community Foundation values:
→The power of community-focused philanthropy
→The responsible stewardship of resources
→The utilization of best practices
→The impact of community engagement
The Cedar Falls Community Foundation (CFCF) is a fully accredited community foundation. Cedar Falls Community Foundation donors who establish or donate to a permanent endowment may apply for Endow Iowa tax credits.
This is a substantial benefit to donors. The Endow Iowa Tax Credit program provides $6 million in tax credits annually, a 25% benefit on donors’ Iowa tax return. Even taxpayers who do not itemize their deductions may claim an Endow Iowa Tax Credit equal to 25% of their contribution (so long as they are awarded an Endow Iowa Tax Credit for an eligible gift). Contact the Cedar Falls Community Foundation for more information.
The Cedar Falls Community Foundation began as the Cedar Falls Civic Foundation in 1976. Mayor Jon T. Crews was the catalyst, calling together a meeting of citizens to try to raise private funds to do things for the public good, things that could not be accomplished through taxation. The Foundation was incorporated and certified as a tax exempt organization in 1977. Modest growth in the initial years was followed by a period of substantial growth in the late 1990s which continues today. The Cedar Falls Community Foundation is a nationally accredited community foundation serving Cedar Falls and vicinity.
Board of Directors
Jan Andersen, Bill Calhoun, Shannon Closson, Ryan Cose, Russell Curtis, Dave Deaver, Robert Hardman, Craig Johnson, Judith Harrington, Bill Kahler, Ty Kimble, John Lehman, Carol Lilly, Shirley Merner, Tom Paulsen, Joanne Latta Reeves, Eryn Reilly, Jennifer Rodenbeck, Mark Ripplinger.
As an accredited community foundation, one of only seventeen in Iowa, the Cedar Falls Community Foundation may now offer donors who establish or donate to a permanent endowment, access to the Endow Iowa tax credits. This access is a substantial benefit to our donors. When donors to CFCF donate to a permanent endowment fund, this entitles them to apply for a tax credit when the donor files taxes. The Endow Iowa Tax Credit program provides $6 million in tax credits, a 25% benefit on donors’ Iowa tax return. Even taxpayers who do not itemize their deductions may claim an Endow Iowa Tax Credit equal to 25% of their contribution (so long as they are awarded an Endow Iowa Tax Credit for an eligible gift).
In addition, the Iowa Department of Revenue has considered a married couple to be two individuals, or two taxpayers; therefore, no matter if they file a joint Iowa return or a married filing separately on a combined return, each spouse could claim the maximum Endow Iowa tax credit, per year. More information on this program is available from Peggy Russell, Iowa Economic Development Authority (515-725-3009).
Our goal for 2017 is to heighten awareness of the Cedar Falls Community Foundation in the community, and share the good news that we are now an accredited community foundation and can provide access to the Endow Iowa tax credits. We look forward with anticipation to working with donors for the benefit of the community.