Frequently Asked Questions

How do community foundations impact a community?

Iowa Community Foundations are unique in our ability to make an impact in so many diverse areas of community need. Our donors make gifts that allow us to continue to improve our communities... today and tomorrow.

We gather information and track the many local agencies and programs working to enhance our communities. Based on this information, we make grants and direct resources to the most appropriate areas. We stay alert to emerging issues and foster giving and volunteerism in our community. We have the flexibility to:

• Support high-impact opportunities... those that will make the greatest difference in our communities

• Serve as a catalyst for bringing organizations into existence as new needs arise.

• Re-direct funds as appropriate if and when our communities' needs change (or when local non-profit organizations cease to exist)

We can help your gifts make the greatest impact in your community

What is a community foundation?

Iowa Community Foundations are nonprofit organizations established to meet the current and future needs of our local communities. We offer all the tax advantages of charitable giving, the long-term benefits of endowment funding, and the ability to establish a legacy fund in the name of your family or a loved one.

What's the minimum I need to start giving?

Donations of all sizes can help make an impact in local communities through Iowa Community Foundations. Contributions can be made to existing funds or interested individuals, families, businesses, organizations, etc. may wish to establish a new fund. For specific information, please contact us.

How to Give FAQ

As you consider contributing to your local community foundation, you may have several questions on your mind. We encourage you to contact us to discuss the possibilities and options available.

Did you just earn a large bonus, but find yourself without the time to decide on the most deserving charities? Year-end tax planning: Establish a Donor Advised Fund for an immediate tax deduction, and stay involved in your gift for years to come.

Are you thinking about establishing a private foundation, but looking for a better, simpler way? Or, are you frustrated with the ongoing management of your private foundation? Simple alternative to private foundations: Establish a Donor Advised Fund and stay personally involved with the distribution of gift dollars. Use our governing body and/or staff with broad expertise for community knowledge and greater impact.

Are you passionate about meeting a specific community need and want to make a meaningful gift? Strategic giving: We engage individuals with expertise in our local needs to recommend ways to make the greatest impact.

Do you own highly appreciated stock in a company that is about to be acquired? Sale of a business: Structure a charitable gift of stock before the company is sold to reduce capital gains and increase charitable deductions. Establish a Donor Advised Fund so a once-in-a-lifetime event can help you do good, forever.

Is your personal net worth tied up in a closely held company, but want to give back? Closely held stock: Donate a portion of company stock ; the company may buy it back for fair market value. Establish a Donor Advised Fund or planned gift; you are eligible for a tax deduction at the fair market value of appreciated stock (less any planned gift value).

Does your estate planning identify significant taxes going to the IRS, but you want to keep tax dollars local? Preserving an estate: Reduce taxable estate through charitable bequest or other planned gift. Create a personal legacy in your community that stays true to your charitable intent forever.