For immediate release--May 12, 2010
RE: Story County Community Foundation receives grant
Ames, IA --The Story County Community Foundation president, Suzan Shierholz, and development director, John Harris, recentely participated in CONNECT: Community Foundation '10 Networking Summit. CONNECT provided community foundations from across the state a unique opportunity to learn from each other and develop plans to implement ideas locally. The Iowa Council of Foundations offered the opportunity for attendees to apply for an Idea Implementation Support Grant.
The Story County Community Foundation applied for and received a $1000 grant made possible by the Iowa Council of Foundations to help develop materials for professional advisors in Story County and the coordinating materials for potential donors to the foundation. These materials will be shared with the other community foundations across the state.
Changes to Endow Iowa Tax Credit Program Create Greater Opportunities for Local Residents to Improve Lives in Story County Through Story County Community Foundation
Ames, IA Jan 7, 2010 – As communities across the state recover and rebuild from recent economic challenges, the Endow Iowa Tax Credit Program is expanding the impact people in Story County can have in improving their local communities through charitable giving. Under modifications to the program, which went into effect January 1, 2010, those who give to the Story County Community Foundation, will be eligible to receive 25% tax credits for their gifts, up from the 20% credits previously offered. Approximately $3.7 million in tax credits, an increase from the previous $3 million, will be available annually. Through donations utilizing Endow Iowa, the Story County Community Foundation will be able to continue making a difference here in Story County now and in the future.
“There has never been a better or more vital time for an opportunity like this,” said Suzan Shierholz, president Story County Community Foundation. “We know that in tough economic times, it becomes more difficult for people to give to charitable causes. At the same time, the need for charitable giving is growing. With Endow Iowa, generous Iowans are rewarded for giving, while communities are able to continue the good work of making life better for residents.”
The Endow Iowa Tax Credit Program was established in 2003 to encourage individuals, businesses and organizations to make lasting investments in their communities. Those who give will be able to take advantage of the increased Endow Iowa tax credits in conjunction with federal tax benefits for charitable gifts.
“With this tax credit program, Iowa is at the forefront in creating solutions that make charitable giving easier, more rewarding and more effective,” said Angela Dethlefs-Trettin, director of Iowa Council of Foundations. “We’re excited by how donors are responding to the program. It provides a powerful tool for people across the state to strengthen their local communities and also benefit from the tax incentives. They’re able to see how their philanthropic gifts are making a difference right where they live.”
The Story County Community Foundation provides local residents a simple, powerful and highly personal approach to giving—so that their gifts do good works within the community, forever. For more information on how Endow Iowa is changing lives in Story County and across the state, please contact Suzan Shierholz or Jennifer Garst at 515-232-9200 or visit our website at www.storycounty@storycountyfoundation.org
RE: Story County Community Foundation receives grant
Ames, IA --The Story County Community Foundation president, Suzan Shierholz, and development director, John Harris, recentely participated in CONNECT: Community Foundation '10 Networking Summit. CONNECT provided community foundations from across the state a unique opportunity to learn from each other and develop plans to implement ideas locally. The Iowa Council of Foundations offered the opportunity for attendees to apply for an Idea Implementation Support Grant.
The Story County Community Foundation applied for and received a $1000 grant made possible by the Iowa Council of Foundations to help develop materials for professional advisors in Story County and the coordinating materials for potential donors to the foundation. These materials will be shared with the other community foundations across the state.
Changes to Endow Iowa Tax Credit Program Create Greater Opportunities for Local Residents to Improve Lives in Story County Through Story County Community Foundation
Ames, IA Jan 7, 2010 – As communities across the state recover and rebuild from recent economic challenges, the Endow Iowa Tax Credit Program is expanding the impact people in Story County can have in improving their local communities through charitable giving. Under modifications to the program, which went into effect January 1, 2010, those who give to the Story County Community Foundation, will be eligible to receive 25% tax credits for their gifts, up from the 20% credits previously offered. Approximately $3.7 million in tax credits, an increase from the previous $3 million, will be available annually. Through donations utilizing Endow Iowa, the Story County Community Foundation will be able to continue making a difference here in Story County now and in the future.
“There has never been a better or more vital time for an opportunity like this,” said Suzan Shierholz, president Story County Community Foundation. “We know that in tough economic times, it becomes more difficult for people to give to charitable causes. At the same time, the need for charitable giving is growing. With Endow Iowa, generous Iowans are rewarded for giving, while communities are able to continue the good work of making life better for residents.”
The Endow Iowa Tax Credit Program was established in 2003 to encourage individuals, businesses and organizations to make lasting investments in their communities. Those who give will be able to take advantage of the increased Endow Iowa tax credits in conjunction with federal tax benefits for charitable gifts.
“With this tax credit program, Iowa is at the forefront in creating solutions that make charitable giving easier, more rewarding and more effective,” said Angela Dethlefs-Trettin, director of Iowa Council of Foundations. “We’re excited by how donors are responding to the program. It provides a powerful tool for people across the state to strengthen their local communities and also benefit from the tax incentives. They’re able to see how their philanthropic gifts are making a difference right where they live.”
The Story County Community Foundation provides local residents a simple, powerful and highly personal approach to giving—so that their gifts do good works within the community, forever. For more information on how Endow Iowa is changing lives in Story County and across the state, please contact Suzan Shierholz or Jennifer Garst at 515-232-9200 or visit our website at www.storycounty@storycountyfoundation.org
Roland Community Center renovated through a
grant from the Story County Community
Foundation.
Story County Community Foundation
is an affiliate of the Community Foundation of Greater Des Moines
416 Douglas, Suite 202
P.O. Box 1666
Ames, IA 50010-1666
515-232-9200
www.storycountyfoundation.org | email: storycounty@storycountyfoundation.org
is an affiliate of the Community Foundation of Greater Des Moines
416 Douglas, Suite 202
P.O. Box 1666
Ames, IA 50010-1666
515-232-9200
www.storycountyfoundation.org | email: storycounty@storycountyfoundation.org
IRA Charitable Rollover for 2010
through 2011
As part of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, Congress passed a two-year extension of Charitable IRA legislation allowing
Americans age 70½ and older to make IRA contributions to public charities in 2010 and 2011 without paying income tax on that money. Because this legislation comes so close to the end of 2010, qualified charitable contributions made from IRAs through January 31, 2011 can be applied for 2010 tax purposes. This is good news for people who wish to make a major gift during their lifetimes. It's also good news for the community foundations that are prepared to help them put these gifts to work in their communities. In addition, donors who choose to give through their community foundation may be eligible for the Endow Iowa Tax Credit
As part of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, Congress passed a two-year extension of Charitable IRA legislation allowing
Americans age 70½ and older to make IRA contributions to public charities in 2010 and 2011 without paying income tax on that money. Because this legislation comes so close to the end of 2010, qualified charitable contributions made from IRAs through January 31, 2011 can be applied for 2010 tax purposes. This is good news for people who wish to make a major gift during their lifetimes. It's also good news for the community foundations that are prepared to help them put these gifts to work in their communities. In addition, donors who choose to give through their community foundation may be eligible for the Endow Iowa Tax Credit