Supporting philanthropic endeavors around Iowa pays off in a big way for communities around our state. Tax credit programs administered by the Iowa Economic Department Authority (IEDA) help encourage these important philanthropic investments in community funds.
The major component of the Endow Iowa Program is a state tax credit equal to 25 percent of a qualifying gift to a community foundation, up to a maximum credit of $300,000. The gift must be to an endowment fund within the qualified foundation or community affiliate organization. Tax credits through this program can be claimed by individuals, businesses or financial institutions.
The tax credit application for the Endow Iowa program can be found below in the Resources box.
County Endowment Fund
Through the County Endowment Fund, a percentage of the state's gaming tax revenue is distributed to community foundations in the 85 counties that do not hold a state issued gaming license. Those community foundation organizations grant 75 percent of those funds to charitable projects within their counties and placed the remaining 25 percent in a permanent endowment fund, which is intended to attract other donations and provide a source of permanent funding for charitable projects within the county.
The Program is administered by the IEDA in cooperation with the Iowa Council of Foundations (ICOF).
Download the Endow Iowa application located in the Resources Box at the bottom of this page.
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