An Agency Fund is established by a local nonprofit organization to provide support for the organization. Partnering with the Keokuk Area Community Foundation allows nonprofits to invest in a larger pool of assets, which can lead to greater growth, greater income and lower investment fees. All gifts to the organization’s endowed fund are tax deductible and may benefit from the 25 percent state income tax credit through the Endow Iowa Tax Credit Program. Distributions from the fund are granted back to the agency to be used at the discretion of its governing board. Nonprofits can create their Agency Fund as an endowed, or quasi-endowed fund.
Nonprofit Organizations/Agencies have choices for establishing an Agency Fund at The Keokuk Area Community Foundation. All offer a reliable source of financial support for the organization, earning interest through pooled investments.
A permanent endowment fund gives organizations the opportunity to create a fund that generates investment income, year after year, which can be drawn down in set annual payments to the organization, or reinvested in the fund to grow over time. The permanence of an endowment fund is both appealing and reassuring to donors and nonprofit boards of directors who seek the enduring value of a dedicated source of income to support the organization they love, today and forever.