Endow Iowa Program

Endow Iowa Tax Credits

Because GPCF is an accredited community foundation, every permanently endowed fund at GPCF qualifies for the Endow Iowa Tax Credit program.

The most powerful component of the Greater Poweshiek Community Foundation is building a permanent collection of endowed funds which benefit residents today and in perpetuity.

The tax credit offers donors generous tax incentives to make it easier to give more for less.
The tax credit is for 25% of the amount of the donation, up to a maximum of $300,000 credit per taxpayer.
Eligible gifts qualify for tax credits on a first-come/first-serve basis until the yearly appropriated limit is reached.
Since 2003, more than $38 million has been invested in community foundations through Endow Iowa, improving residents’ lives both now and for years to come.
Approximately $6 million in tax credits have been available annually through Endow Iowa.

For more information about Endow Iowa or establishing a fund at GPCF, contact Nicole Brua-Behrens.

How Tax Credits Work

Endow Iowa Tax Credits allow donors to have even greater impact on their philanthropic interests in Poweshiek County now and into the future.

Tax credits are givent for 25% of the gifted amount.
Tax credits imited to $300,000 per taxpayer or $600,000 per couple if both are Iowa taxpayers
Eligible gifts will qualify for credits on a first-come/first-serve basis.
GPCF will automatically send an Endow Iowa Tax Credit application for gifts of $100 or more. For gifts below $100, please contact GPCF to request a form
Qualified donors have five years to use their Endow Iowa Tax Credits.

Tax Credit Example

This is an exciting program that benefits both donors and charities. Below is an approximation of the net after-tax costs of contributing to a fund. Donors should contact their professional advisors to confirm accuracy.

Amount of Gift$10,000
Endow Iowa Tax Credit$2,500*
Net federal deduction$10,000**
Donor’s federal tax rate39.6%***
Federal tax savings$3,960****
Net Cost of Gift$3,540*****
Total Savings$6,460

*25% of the charitable gift made to a permanently endowed fund at a community foundation.
** The entire amount of the gift is deductible on federal taxes.
*** Individual marginal tax rates may vary.
**** Assumes that individual taxpayer utilizes Schedule A (itemized deductions) on their federal return.
***** Gift appreciated securities and your net cost is even less.

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