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.
Administrative Rules for The Endow Iowa Tax Credit
Legislation For The Endow Iowa Tax Credits
Endow Iowa Legislation (PDF)
Download Endow Iowa Legislation (WORD)
House File 868 – 2005 (PDF)
Download House File 868 – 2005 (WORD)
House File 2317 – 2022 (PDF)
Download House File 2317 – 2022 (WORD)
Division VIII, Section 48 on page 27 reduces the taxpayer cap effective 1/1/2023
Changes to Endow Iowa Effective in 2023
- Effective January 1, 2023: The maximum tax credit is lowered to $100,000 per taxpayer.
- Effective July 1, 2023: The Iowa Economic Development Authority will discontinue the waitlist process until the waitlist is cleared.
- Effective July 1, 2023: Applications must be submitted within twelve months of the date of the gift.
Application For Endow Iowa Tax Credits
Once an Endow Iowa eligible contribution is made, your local community foundation will assist you in completing the Endow Iowa Tax Credit Application. The application is available through your local community foundation.