Endow Iowa

Endow Iowa

The Endow Iowa program is part of an effort to enhance philanthropic activity
in the State of Iowa by encouraging contributions to community foundations.
The program provides significant tax incentives for individual, business or
organizational donors of community foundations.

UPDATE:
The legislation has passed to raise the tax credits available annually
from $2 million to $3 million. In addition, community foundations in
counties without gambling revenue may apply for an amount equal to
.8 of 1% of the state's gamibling revenue.

Endow Iowa consists of two components:

• Tax Credits to Donors;
• Grants to newly formed community foundations (or affiliates)

County Endowment Program

The Values Fund legislation also establishes a new county endowment
program.

The County Endowment Fund legislation provides that, beginning in the year
2005, one-half of one-percent of the state's gambling revenues will be
distributed to the 85 Iowa counties that do not have gambling entities. These
funds will be deposited and distributed through Qualified Community
Foundations or Community Affiliates that address countywide needs. It is
anticipated that each eligible county's foundation will receive over $100,000
each year.

The funding for this program will be handled by the Iowa Department of
Revenue, in collaboration with the Iowa Department of Economic
Development.

Learn more:

Endow Iowa provides significant philanthropic tax credits

Endow Iowa Thoughts to Ponder