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Important facts to know about your donation!
The Endow Iowa Tax Credit program promotes gifts to qualified permanent endowments by awarding up to 25 percent of the amount donated as a state tax credit, when making a gift through Iowa community foundations.
The goal of Endow Iowa is to encourage sustainable support for our state’s nonprofits to ensure they have the resources necessary to improve quality of life for generations to come.
With gifts made through Endow Iowa totaling more than $167 million in the first 11 years, the charitable passions of Iowans is clear. This innovative legislation will continue to benefit future Iowans thanks to gifts made to endowments today.
Endow Iowa Tax Credit Illustration
|Federal Tax Savings||-396||-3,960||-39,600|
|Endow Iowa Tax Credit||-250||-2,500||-25,000|
|Net Cost Gift||354||3,540||35,400|
How a legacy donation works:
Assumes a 5% annual payout and an 8.5% rate of return. This is for illustration purposes only.