The Endow Iowa Tax Credit program was created to enhance the quality of life for the citizens of this state through increased philanthropic activity by encouraging new investments to existing community foundations across Iowa.
Those who give to a permanently endowed fund at a qualified community foundation or affiliate organization are eligible to receive a 25% state of Iowa tax credit for their gift. Community members who give are also able to take advantage of the tax credits in conjunction with federal tax deductions.
The Endow Iowa Tax Credit is awarded on a first-come, first-served basis for gifts made to a permanent endowment fund, established for the benefit of Iowa charitable causes, at a qualified community foundation in Iowa. The tax credits can be claimed by individuals, businesses, or financial institutions. The program is administered by the Iowa Economic Development Authority. For more information please visit their website or contact your local community foundation for information or an application.
Impact on Communities
Since 2004, Endow Iowa has leveraged over $435 million in endowment gifts to support Iowa communities and charitable causes. The program benefits Iowans and Iowa communities in many ways including:
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STRENGTHENING communities through philanthropy. |
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LEVERAGES 4 private dollars for every public dollar invested in the program. |
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CREATES charitable giving vehicles in communities of all sizes. |
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KEEPS DOLLARS IN IOWA and invests in Iowa’s future. |
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PROVIDES a new opportunity for collaboration. |
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ENCOURAGES contributions that provide support now and in the future. |
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DEVELOPS local community leadership; and |
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Positions Iowa as a NATIONAL LEADER in supporting and promoting philanthropy. |
As donors invested in endowment funds at Iowa community Foundations, those funds continue to grow. Those funds then distribute grant dollars to nonprofits and charitable causes in Iowa on an annual basis. Endow Iowa supports giving now and in the future.
