Partnerships That Work. For Good. For Ever.

 

Bank Midwest Okoboji Foundation

(an affiliate of the Community Foundation of Greater Des Moines)

Company leaders at Okoboji-based Bank Midwest wanted to "reach a lot of people and use our dollars most effectively" in the eight communities the bank serves in northern Iowa and southern Minnesota, says Steve Goodenow, president and CEO. In establishing a donor advised fund at the Okoboji Foundation, "we can wait for the right project to come along," says Goodenow.  "With the expertise the Community Foundation brings, we know the investment will be safe."

 

Crescent Electric Supply Company Community

Foundation of Greater Dubuque

Third-generation family members leading Crescent Electric Supply Company carry on a tradition of serving the 120 communities where the company's employees work and live with a $1.3 million endowment established at the Community Foundation of Greater Dubuque. Designated to the Crescent Community Health Center, the endowment ensures that the center will serve future generations. "If you make a one-time donation, it's over and done with and forgotten," says Dick Schmidt, senior vice president and board member of Crescent Electric. "The endowment allows it to live on in perpetuity."

 

Eagles Landing Bed and Breakfast and Eagles Landing Vineyard and Winery

Clayton County Foundation for the Future (an affiliate of the Community Foundation of Greater Dubuque)

Before establishing their bed and breakfast and vineyard in "retirement," Roger and Connie Halvorson opened and operated a variety of successful businesses in northeastern Iowa. In 2006, they established a donor advised endowment at the Clayton County Foundation for the Future to stimulate the development of small businesses like theirs and help aspiring entrepreneurs understand sound business practices.

 

First Central State Bank

LincolnWay Community Foundation

(an affiliate of the Community Foundation of the Great River Bend)

Over the years, First Central State Bank in DeWitt-a town of about 6,000 people in eastern Iowa-has helped local schools fund athletic, music and academic programs. "Rather than always taking a shotgun approach in terms of how we help the district, we thought 'let's build those contributions right into our budget,'" says bank President and CEO Brigham Tubbs. Today, the bank is working through LincolnWay Community Foundation to build an endowed fund dedicated to serving students and teachers for generations to come and helping ensure the long-term vitality of the community.

 

Iowa City Area Chamber of Commerce

The Community Foundation of Johnson County

After years of partnering with the Community Foundation of Johnson County on community improvements and relief of natural disasters, the Iowa City Area Chamber of Commerce chose to transfer the assets of its own foundation to establish a donor advised fund at the Community Foundation. "Overall, establishing the fund was a decision based on efficiency," says Chamber President and CEO Nancy Quellhorst. The Endow Iowa Tax Credit provided an additional benefit to move the endowment to the Community Foundation, she says. 

 

Kum & Go

Community Foundation of Greater Des Moines

Kum & Go, a convenience store company based in West Des Moines that operates hundreds of stores in multiple states, donates 10 percent of annual profits to charity. Since 1999, the company has used a donor advised fund at the Community Foundation of Greater Des Moines to fund programs at local high schools and Iowa colleges and universities, and beyond. In partnering with the Community Foundation, says Kyle J. Krause, Kum & Go president and CEO, "You save on all the back-office costs you'd have with your own foundation."

 

Massena Telephone Company

Cass County Community Foundation (an affiliate of the Omaha Community Foundation/Community Foundations of Southwest Iowa)

When Massena Telephone Company established a donor advised endowment at the Cass County Community Foundation, the company's gift was matched dollar for dollar by the Southwest Iowa Foundation. The resulting fund serves the approximately 400-person town of Massena. In the year after the fund was established, its first grant was used to add computers and internet capabilities at the town's public library. Gary Maas, the Massena Telephone board member whose initiative led to the fund, says it allows the company "to do something that serves many people and strengthens our community."

 

Peoples Savings Bank

Elma Area Community Foundation (an affiliate of the Community Foundation of Northeast Iowa)

For each resident or business that made a gift of $3,000, Peoples Savings Bank and a local community group contributed $1,000 each to establish an unrestricted endowment of $5,000 at the Elma Area Community Foundation. With this giving incentive, a special Peoples Savings Bank charitable loan program and the Endow Iowa Tax Credit, funds at the then-new Community Foundation grew to $150,000 in a few years. "The Community Foundation will be a resource to address community needs without volunteers having to raise all of the money for each project," says Bruce Weigel, Peoples Savings Bank president.

 

Pharmacists Mutual Insurance Co.

Kossuth County Community Foundation (an affiliate of the Community Foundation of Northeast Iowa)

Though Pharmacists Mutual Insurance Co. has long had a private foundation, this Algona-based company established an unrestricted endowment at Kossuth County Community Foundation in 2008. President and CEO Edward Berg views the endowment as an extension of the company's commitment to giving back to the community: "In the long run, endowments at the Community Foundation will help fund improvements in Kossuth County, in terms of both the social framework and the physical environment," he says.

 

Platinum Ethanol, LLC

Ida County Community Betterment Foundation (an affiliate of the Siouxland Community Foundation)

Platinum Ethanol, LLC established its business in Ida County with a "commitment to see rural areas thrive," says Nick Bowdish, general manager. Platinum Ethanol pledged to contribute $10,000 a year for 10 years to the Community Foundation's unrestricted endowment. Earnings from the fund have made possible children's reading programs, library computers, fire department equipment and more. "As newcomers, we didn't know the best ways the dollars could be used," says Bowdish. "We appreciate being able to work with the Community Foundation to make a positive impact on the community."

 

United Airlines

Siouxland Community Foundation

After United Airlines flight 232 made an emergency crash in Sioux City in 1989, United wanted to make a financial donation to honor the 112 people who died and show appreciation to local rescue teams that saved the lives of the remaining 184 passengers. The airline established a field of interest endowment at the Siouxland Community Foundation with a $600,000 contribution. Since then, more than $730,000 has been awarded in scholarships helping students in emergency, medical and related fields, as well as in grants to emergency first responder organizations.

 

Van Meter Industrial

Greater Cedar Rapids Community Foundation

As a large company with a strong tradition of giving back to the communities it serves, Van Meter Industrial (VMI) often gets requests from organizations seeking grant assistance. "We want to help where it's needed the most," says Heather Fleming, a VMI health, wellness and safety manager. To do so, VMI draws on the knowledge and expertise of the Greater Cedar Rapids Community Foundation, where the company established a donor advised fund in 2005.

 

 

Waterloo Cedar Falls Courier Communications

Community Foundation of Northeast Iowa

To honor long-time community leaders for their legacy of community service, David Braton, publisher of the Waterloo Cedar Falls Courier decided to establish an unrestricted endowment at the Community Foundation of Northeast Iowa. "We thought, 'Why not do what these people have taught us to do?'" says Braton. "Why not give something back to the community as they've done all these years?" Each year, eight leaders over age 80 are honored with contributions to the fund in recognition of their work.