Tax Benefits

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).

Contributions to the Cedar Falls Community Foundation are fully tax deductible. Gifts may include monies or other properties, both real and personal, in trust or otherwise, as may be acquired by will, gift or otherwise. Gifts may be directed or undirected. Donors are encouraged to consult with their personal tax advisor, accountant, or attorney before making donations.

Contact the Cedar Falls Community Foundation for more information at CFCF@cfu.net.

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.