Federal: The IRS has given PCCF full nonprofit status with its 501(c)(3) designation. This allows all donations given to PCCF to be fully tax deductible, as allowed by law.
State of Iowa: The Endow Iowa Tax Credit program allows donors who give to an Endow Iowa qualified fund to be eligible to receive a 25% tax credit in addition to federal charitable income tax deductions. This year $6 million is available to Iowa taxpayers; with a maximum of $300,000 in credits available per donor.
If these popular tax credits are expended, the donor is placed on a list to receive credit the following year.
This benefit is only allowed through community foundations meeting national certified standards in Iowa, such as PCCF.
PCCF's Added Contribution
PCCF is currently offering up to $150,000 per fund as an additional contribution for the creation of a charitable endowment. Depending on the endowment type and size, a new fund can receive an additional 10% or more of the initial endowment, as well as future donations to the fund.
Below is an example of the approximate benefits of starting or contributing to a fund:
With gifts of appreciated assets, the net cost could be even lower if capital gains taxes and/or alternative minimum taxes are avoided.
To learn about the types of endowment funds available through PCCF, click here.
If you have questions, are interested in establishing an endowment fund, or would like a copy of our gift and fund acceptance policies please contact our office at 712-256-7007 or via e-mail at firstname.lastname@example.org.
*Our contribution is offered for a limited time and our policy of awarding additional funds can change without notice.
Tax information provided by PCCF is purely informational and should not be taken as tax advice. We encourage donors to consult with a tax advisor to review their individual circumstances/tax bracket. PCCF also has a strict confidentiality policy, including donor privacy. A copy of this policy may be requested by calling 712-256-7007.