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

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.

12/17/2019

Cedar Falls Community Foundation Awards $20,000 in Scholarships

The Cedar Falls Community Foundation has awarded four $5,000 scholarships from the Robert Eller Study Abroad Endowment to support UNI students studying abroad during the Spring 2020 semester. The Robert Eller Study Abroad Endowment was established by emeritus UNI Education Media Specialist Robert Eller to foster the educational, professional, and personal growth of undergraduate students