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Endow Iowa program celebrates 15th anniverary

January 6, 2019
Special to The Chronicle , Toledo Chronicle, Tama News-Herald

DES?MOINES - The Endow Iowa program celebrated its 15th Anniversary with a proclamation signing in Governor Reynolds' office on Dec. 21. 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.

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"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 or connect with your local community foundation, please visit www.IowaCommunityFoundations.org.

Fact Box

Tama County Community Foundation

continues to accept applications

Charitable, community-minded people who want to do good in their community to support the causes they care about can do so with the Tama County Community Foundation. Through the funds held with the Tama County Community Foundation, the Community Foundation meets our county's needs by increasing connections between people and the organizations that serve them; providing grants in our core program areas of art and culture, community betterment, education, environment, health, historic preservation and human service.

Tama Coutny Community Foundation is acepting grant applications submitted by Jan. 15, 2019.

For more information see the organization website:

https://www.cfneia.org/affiliates/tama-county

or contact any of the committee members lsited below.

Grants are available to 501(c)3 organizations and government entities serving Tama County. Grants selections are made in an effort to create a better quality of life for people in Tama County. A local governing committee reviews the applications from charitable organizations serving their community.

Committee Members

Greg Pettiecord, Chair

Emily Babinat

Sue Carnahan

Ardene Cross

Kathy Fattig

Darvin Graham

Mary Ann Gregory

Angie Jacobs

Willie Karsjen

Sandi Kopriva

Rick Krug

John Lloyd

Trudi Scott

Brian Sokol

Sandy Supianoski

Ellen Young

 
 

 

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