Endow Iowa State Tax Credit
Endowed vs. Non-Endowed Funds
Endowed funds are intended to be preserved forever, with a portion of the earnings available for spending. It is a permanent savings account that grows through investment and financial contributions from donors. Distributions from the fund are capped at 5% per year and are used to provide stability and long-term support to organizations, creating an even bigger impact in the future!
Non-endowed funds are invested for growth in the same way as an endowed fund, but funds are not permanent, and they are immediately available for distribution.
Endow Iowa State Tax Credit Â
When you make a gift to one of our permanently endowed funds, it will cost you far less thanks to Iowa’s innovative Endow Iowa 25% State Tax Credit! As a nationally accredited community foundation, we are proud to offer this program, which gives donors who give to a permanently endowed fund at a qualified community foundation an opportunity to receive a 25% state of Iowa tax credit for their gift.
The state of Iowa offers Endow Iowa Tax Credits each year to promote giving to permanent endowments that benefit organizations and citizens in Iowa. This program is producing substantial and sustainable support to nonprofits in Iowa.
Each year, up to $3.5 million in tax credits are available statewide. Individual taxpayers may receive up to $50,000 in tax credits annually through qualifying gifts to eligible endowment funds.
You can take advantage of this opportunity by:Â
- Establishing a new endowment fund to support causes and organizations that matter most to you
- Giving to one of our existing endowment funds (marked with an asterisk)
Tax credits are distributed on a first-come, first-served basis and donors are encouraged to give early each tax year to take advantage of this program.
A variety of gifts qualify for Endow Iowa Tax Credits including cash, retirement assets, appreciated stock, and real estate. No minimum gift amount is required to qualify.
When you give to one of our endowed funds, you are not only helping Waterloo today – you’re investing in the future of the city we love!
If you have questions or would like to learn more about this program, please contact us any time.
