Endow Iowa
Tax Credits
Endow Iowa was created to enhance the quality of life for the citizens of this state
through increased philanthropic activity by encouraging new investments to existing
community foundations and facilitating the creation of new community foundations.
The major component of the Endow Iowa Program is a state tax credit equal to 25% (as of 1/1/10)
of a qualifying gift to a community foundation. The gift must be to an endowment
fund within the qualified foundation or community affiliate organization. The tax
credits can be claimed by individuals, businesses, or financial institutions.
The most recent legislation relating to the tax credits provides for more than $3
million+ in tax credits each year. The program is administered by the Iowa Economic Development Authority.
Administrative Rules [PDF: 13k]
Information regarding the total amount of tax credits available through Endow Iowa, credits awarded to date, and credits available in the Endow Iowa Tax Credit Program up through the latest month can be found in the Endow Iowa Tax Credit Report.
County Endowment Fund
HF 2302 [www.harnesstracks.com/docdatabase/alice/racino/IWA0028.pdf] from the 2004 Session, separate from the Endow Iowa legislation, created a County Endowment Fund program.
See the frequently asked questions for additional information.
Affiliate Organizations
Affiliating with a qualified Community Foundation may be a desirable alternative for many new or smaller foundations. View the benefits of affiliating [iowacounciloffoundations.org/membership-benefits.aspx] with an established qualified Community Foundation.
Reports
Wealth Transfer Study
A report was prepared by Iowa State University providing data on anticipated "Wealth Transfer" in Iowa over the next fifty years, by county. View the Wealth Transfer Study.
Additional Resources
To Learn More:
Phone: 515.725.3082
E-mail: endowiowa@iowa.gov