Enhancing Community Philanthropy in Iowa

State Initiatives

Sandy Ehrig515.242.4780

sandy.ehrig@iowalifechanging.com

ENDOW IOWA

•Tax Credits•Grants

ENDOW IOWA GRANTS

• $155,303 available• 18 applications• $432,550 request• $608,900 in match raised• Maximum of $25,000 per grant

award• Awarded by Iowa Council of

Foundations (as “Lead Philanthropic Entity”)

Awards

• Clay County Community Foundation• Clayton County Community Foundation• Community Foundation of Greater

Muscatine• Elma Area Community Foundation• Greene County Community Foundation• Foundation for the Enhancement of

Mitchell County

ENDOW IOWA TAX CREDITS

• Up to $155,303 in Tax Credits for Donors

COUNTY ENDOWMENT FUNDS

WHAT?• Gambling revenue enhancing

county-wide philanthropy in Iowa

WHO?• Counties that DO NOT have state-

licensed gambling facilities• Maximum of one (1) Qualified

Community Foundation or affiliate of QCFs per county

• QCF assisting county-wide needs

COUNTY ENDOWMENT FUND

HOW?

• ½ of 1% of Iowa’s gambling revenue = estimated $50,000 - $60,000 year/county

• 75% of funds pass thru to charitable organizations for educational, civic, public, patriotic, or religious uses

• 25% must be allocated for permanent endowment and similar purpose

COUNTY ENDOWMENT FUND

WHEN?

• Department of Revenue estimates first distribution to Qualified Foundations will be Fall 2005

COUNTY ENDOWMENT FUND

How to Qualify for $ ?

• Be a Qualified Community Foundation or an Affiliate of a QCF

• “Address county-wide needs” (language from legislation)

– i.e. serve entire county not just one or two communities

• Application Deadline May 1st

Iowa Community Foundations Currently Applying National

Certification

• Community Foundation of Fort Dodge & North Central Iowa

• Community Foundation of Greater Dubuque • Community Foundation of Greater Muscatine • Community Foundation of the Great River Bend

(Davenport Area)• Community Foundation of the Northeast Iowa

Region (Decorah Area)• Community Foundation of Waterloo/Cedar Falls

& Northeast Iowa

Iowa Community Foundations Currently Applying National

Certification• Endowment Funds of Southwest Iowa

(8 counties surrounding Pottawattamie County)• Greater Cedar Rapids Community Foundation Group• Greater Des Moines Community Foundation • Maquoketa Area Community Foundation • Pella Community Foundation • Sioux Center Community Foundation • Siouxland Community Foundation • South Central Iowa Community Foundation

(Union, Clarke, Lucas, Ringgold and Decatur Counties)

COUNTY ENDOWMENT FUNDNEXT STEPS

• Develop List of Qualified Recipients

• Rating/Selection Process– may be required where more than

one entity qualifies– Iowa Council of Foundations

partnering with IDED and IDR on review process

• Funds Distributed – Fall of 2005

COUNTY ENDOWMENT FUNDRATING CRITERIA

•Degree of County Representation on Board/Governing body and competent leadership

• Identification of County-Wide Needs and How Funds will Address those Needs

•Plan to Grow the fund with Future Philanthropic Activity

CONTACT INFORMATION

Iowa Council of Foundations

319.287.9106or

office@communityfoundationneiowa.com