What is a charitable endowment fund?
When you create a charitable fund through the Story County Community Foundation or contribute to an existing fund, you have the opportunity to benefit the community forever through a permanent endowment. In an endowment fund, the principal is maintained intact and your gift is invested over time. Earnings from the fund are used to make grants addressing community needs. The earnings from your current and future gifts to the fund provide a permanent source of community capital, helping do good work today and in the future.
Endowment information--click here
Gifts to permanent endowment funds may be eligible for Endow Iowa Tax Credits. For more information--click here
Great example of an endowment making a difference:
http://khoifm.org/news/hannuka-swans-geese-sccf (SCCF endowments with Jennifer, Daryle Vegge and Liz Beck) This begins at 11:50 into the program.
Donors make a difference.
Donors who endow their gifts can make a difference in their community during their lifetime and, at the same time, provide a gift that lasts forever. Grants will continue to be made in the name of the fund you establish or support so that your charitable wishes are preserved, even if an organization receiving grants ceases to exist in the future. Leaders of nonprofit organizations may also look to the community foundation to hold their organizations’ endowment because they know that having a constant source of funding helps them respond to emergency needs as well as plan for the future and sustain the good work they do.
The Story County Community Foundation is here to help.
When donors or nonprofit organizations work with the Story County Community Foundation to achieve their charitable goals, they benefit from the expertise of the experienced staff of the Community Foundation of Greater Des Moines, knowledgeable local community leaders, and skilled investment managers.