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Benefits to Donors
Giving through your local community foundation offers distinct advantages.
SIMPLICITY – Establishing a fund or contributing to an existing fund at your local community foundation involves little paperwork and can be done relatively quickly.
EFFICIENCY – One contribution to your local community foundation can address a wide range of charitable interests to benefit one or a number of community needs and nonprofit organizations.
PERMANENCE – A gift to create or add to an endowment fund will continue to provide charitable support in perpetuity . . . For good. For ever.
FLEXIBILITY – Donors can realize nearly any charitable intent by choosing from among a variety of fund types offered by the local community foundation. In addition, the assets that can be used to establish or contribute to a fund provide an opportunity for each individual, family, or business to make an impact in the way that is most effective for them.
CONVENIENCE - Establishing a fund with your local community foundation is less costly and time consuming than handling it yourself. The community foundation handles all of the paperwork, record keeping and administrative details.
TAX BENEFITS – The Internal Revenue Service has classifies community foundations as tax-exempt under section 501(c)(3) of the Internal Revenue Code (affiliates are categorized under their host community foundations). As such, all contributions to your local community foundation are deductible to the greatest extent allowed by law. In addition, gifts to permanent endowment funds at qualified community foundations may be eligible for an additional 20% tax credit through Endow Iowa.
PROFESSIONAL MANAGEMENT AND ACCOUNTABILITY – Funds administered by your local community foundation are pooled for investment purposes which provides optimum investment diversification for individual funds of any size. In addition, community foundations recognized as in compliance with the National Standards for US Community Foundations complete an annual audit.
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Endowing Iowa. For good. For ever. (Publication)
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10 Reasons People Give to Community Foundations
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A Personal Approach to Giving
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