Helping Ensure Strong Community Foundations
Community foundations enhance the lives of people across Iowa and improve the economies of the communities they serve. This program helps those foundations attract donations.
- Donors to a community foundation may receive a state tax credit equal to 25% of the gifts
- The maximum tax credit is $300,000
- Tax credits through this program can be claimed by individuals, businesses or financial institutions
County Endowment Fund
Through the County Endowment Fund, a percentage of the state's gaming tax revenue is distributed to community foundations in the 85 counties that do not hold a state issued gaming license. Those community foundation organizations grant 75 percent of those funds to charitable projects within their counties and placed the remaining 25 percent in a permanent endowment fund, which is intended to attract other donations and provide a source of permanent funding for charitable projects within the county.
The program is administered by the Iowa Economic Development Authority in cooperation with the Iowa Council of Foundations (ICOF).