Endow Iowa Tax Credit

Get credit(s) for creating lasting good.

Giving through the community foundation to the causes you care about is rewarding—in more ways than one. Your gift creates lasting change in the community, and the Endow Iowa Tax Credit Program offers you generous tax incentives to make it easier for you to give more for less. Those who give to a permanently endowed fund at a qualified community foundation or affiliate organization, including Community Foundation of Johnson County, are eligible to receive 25% tax credits for their gifts. Community members who give also are able to take advantage of the tax credits in conjunction with federal tax deductions.

Tax credits are offered on a first come, first served basis, with approximately $4 million available annually statewide. The tax credits can be claimed by individuals, businesses or financial institutions.

Since 2003, more than $50 million has been invested in community foundations through Endow Iowa, improving residents’ lives both now and for years to come.

Endow Iowa Fast Facts

Across the state

• Endow Iowa was created in 2003 to encourage gifts to permanent endowments at qualified community foundations.

• Donors will be eligible to receive 25% tax credits for donations to qualified community foundations and affiliates.

• Donors are eligible for Endow Iowa tax credits in addition to appropriate federal tax benefits.

• Approximately $4 million in tax credits will be available annually through Endow Iowa.

• Endow Iowa tax credits have the potential to generate an estimated $16 million in permanently endowed gifts at Iowa community foundations and affiliates per year.

• In 2008, more than $3.15 million in Endow Iowa tax credits were awarded, generating more than $15 million in charitable gifts.

• In 2008, donors received tax credits for more than 1,881 separate donations to 68 different community foundations and affiliate organizations through Endow Iowa.

• Since 2003, more than $50 million has been invested through Endow Iowa to improve residents’ lives.

• Endow Iowa is an effective investment in Iowa’s future: For every $1 of tax credit that the state offers, community foundations leverage $5 to support efforts that enhance the quality of life in communities across Iowa.

In our community:

As a result of gifts made through Endow Iowa, Community Foundation of Johnson County is supporting the good works that local donors care about and building a stronger community.

• Endow Iowa has funded more than $600,000 in assistance to Johnson County nonprofit organizations. Contributors have received more than $205,000 State of Iowa tax credits.

• Contributor gifts have supported flood relief programming, historical programming, agency information technology needs, housing accommodations, benefited senior citizens, arts & culture and children’s programming and local community marketing efforts.

Additional Resources:

• Iowa Council of Foundations’ website for Iowa Community Foundations: www.iowacommunityfoundations.org
• Iowa Department of Economic Development (IDED): www.iowalifechanging.com/endowiowa

Please contact us for more information about an Endow Iowa tax credit.