The County Endowment Fund Program was established in 2004 by the Iowa State Legislature in HF 2302 and imlementation began in 2005. The County Endowment Fund Program is separate from the Endow Iowa Tax Credit program. Through the County Endowment Fund Program, a percentage of the state’s gaming tax revenue is distributed to community foundations in the 84 counties that do not hold a state-issued gaming license. The community foundation organizations then grant 75 percent of those funds to charitable projects within their counties and place 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. Fifteen (15) counties are not eligible for the funding because state-licensed gaming facilities are located in those counties.
The Program is administered by the Iowa Economic Department Authority (IEDA) which works closely with the Iowa Council of Foundations (ICoF) in coordinating the program and determining the community foundation recipients of the funding. For more information on the County Endowment Fund Program please view one of the annual publications below which are produced by the Iowa Council of Foundations in partnership with the Iowa Gaming Association.