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

9/22/2020

2020 CFCF Virtual Community Builder Celebration

Due to COVID-19 safety concerns and best practices protocols, the Cedar Falls Community Foundation pivoted to a virtual Community Builder Celebration in September. The event, filmed by Around the Corner Productions, will be shown on Cedar Falls Cable Channel 15 in October and is available on YouTube. The Community Builder Celebration includes a tribute to

8/11/2020

Cedar Falls Community Foundation Grants Made to Local Organizations

The Cedar Falls Community Foundation Board of Directors has approved grants to five area nonprofits totaling $33,250.00. Applications were accepted April through June to the Rownd Trust and the Diamond Arts and History Fund, through the Community Foundation’s online application portal at www.cf-communityfoundation.org The Waterloo-Cedar Falls Symphony Orchestra will receive $2,500 from the Diamond Arts