The Success of Iowa

1
The Success of Iowas Philanthropy Initiatives
The IncentivesandThe Education and
Information

• Sandy Ehrig
• 515.242.4780
• sandy.ehrig_at_iowalifechanging.com

2
The Incentives

• Endow Iowa Tax Credits
• Endow Iowa Grants
• County Endowment Fund

3
Tax Credits in 2005

• Awarded 2 million in Endow Iowa tax credits
• Leveraged 10 million in charitable giving from
  449 separate donations
• Benefited more than 23 different community
  foundations or affiliates

4
A Closer Look at the 449 Donations

• 213 Donations 1000 or less
• 181 donations 1001 - 30,000
• 37 donations 30,001 - 100,000
• 18 donations 100,000
• 407 Donations from individuals
• 42 Donations from business

5
Endow Iowa Grants

• Awarded 150,000 as matching grants
• Iowa Council of Foundations the lead
  philanthropic entity
• Developed application and review process
• 18 applicants

6
Recipients of 2005 Grant Awards

• SIX awards/ 25,000 each
• Leveraged 622,900 in donations

7
The Financial Impact of County Endowment Fund
2005

• 5,573,000 in this fund
• 167,000 (3) to Iowa Council of Foundations
• 5.4 million distributed to 85 qualified
  Community Foundations and/or Community Affiliate
  Organizations

8
The Financial Impact of County Endowment Fund
2005

• Amounted to 63,601 for each organization
• 75 (47,701) to assist current county-wide
  charitable needs/and or organizations
• 25 (15,900) into permanent endowment fund

9
Beyond the financial impacts of County Endowment
Fund

• Creation of nearly 75 new Community Foundations/
  affiliate organizations
• 1000 or more local community leaders involved
  with philanthropy
• Capturing the Transfer of Wealth through
  promotion of local vehicles for giving
• Benefits of funded projects

10
Education and Information

• Workgroup with IDED
• Community Foundation Fundamentals Course for
  volunteers and staff
• Web site project with ICOF CVC and ISU Extension