Enhancing Community Philanthropy in Iowa State Initiatives

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Enhancing Community Philanthropy in IowaState
Initiatives

• Sandy Ehrig
• 515.242.4780
• sandy.ehrig_at_iowalifechanging.com

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ENDOW IOWA

• Tax Credits
• Grants

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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)

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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

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ENDOW IOWA TAX CREDITS

• Up to 155,303 in Tax Credits for Donors

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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

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COUNTY ENDOWMENT FUND

• HOW?
• ½ of 1 of Iowas 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

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COUNTY ENDOWMENT FUND

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

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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

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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

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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)

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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

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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

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CONTACT INFORMATION

• Iowa Council of Foundations
• 319.287.9106
• or
• office_at_communityfoundationneiowa.com