*    25% of the charitable gift made to a permanently endowed fund at a community foundation - maximum annual Endow Iowa tax credit per taxpayer is $100,000.
**   The entire amount of the gift is deductible on federal taxes- not state.
***  Individual marginal tax rates vary.
**** Assumes that individual taxpayer utilizes Schedule A (itemized deductions on their federal tax return)

Endow Iowa Fast Facts

 

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

 

·    Donors are 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 $59 million has been invested through Endow Iowa to improve residents’ lives.