Endow Iowa Tax Credit
Your gifts go further
Endow Iowa Tax Credits allow donors to have an even greater impact. As affiliates of the Omaha Community Foundation, the Community Foundations of Southwest Iowa can access Endow Iowa Tax Credits, where donors may receive a 25% Iowa tax credit, in addition to normal federal charitable income tax deductions, for gifts made to permanent endowment funds that benefit Iowa charitable causes.
Since 2003, Endow Iowa Tax Credits have leveraged over $239 million in permanent endowment fund gifts at community foundations.
How It Works
- A variety of gifts qualify for Endow Iowa Tax Credits including cash, real estate, appreciated securities, and outright gifts of retirement assets.
- Only gifts to qualified permanent endowment funds benefiting Iowa charitable causes are eligible to receive the tax credits.
- Eligible gifts will qualify for credits on a first-come, first-served basis until the yearly appropriated limit is reached. If the current available Endow Iowa Tax Credits have been awarded, qualified donors will be placed on a waitlist for the next year’s Endow Iowa Tax Credits.