Endow Iowa

Endow Iowa was created to enhance the quality of life for the citizens of this state through increased philanthropic activity by encouraging new investments to existing community foundations across Iowa.

The program includes two components: (1) Tax Credits to donors and (2) matching Grants to community foundations or affiliates.

Endow Iowa Tax Credits

The major component of the Endow Iowa Program is the Endow Iowa Tax Credit. This credit offers taxpayers the opportunity to apply (on a first-come, first-served basis) for a possible 25% tax credit against taxes imposed in Iowa in addition to the normal federal charitable income tax deduction for certain charitable gifts. The gift must be to a permanently endowed fund within the qualified foundation or community affiliate organization for the benefit of Iowa charitable causes. The tax credits can be claimed by individuals, businesses, or financial institutions. The program is administered by the Iowa Department of Economic Development

For more information visit their website at
www.IowaLifeChanging.com/EndowIowa

Here is what the gift could mean for you:

* 25% of the charitable gift made to a permanently endowed fund at a community foundation - maximum gift of $500,000 per taxpayer

** The entire amount of the gift is deductible on federal taxes

*** Individual marginal tax rates vary from 0% to 41.9%

**** Assumes that individual taxpayer utilizes Schedule A (itemized deductions on their federal tax return)