How Endow Iowa Works
A variety of gifts qualify for Endow Iowa Tax Credits including cash, real estate, appreciated securities and outright gifts of retirement assets.
Only gifts to qualified permanent endowment funds benefiting Iowa charitable causes are eligible to receive the tax credits. Tax credits of 25% of the gifted amount are limited to $300,000 in tax credits per individual for a gift of $1.2 million or $600,000 in tax credits per couple for a gift of $2.4 million if both are Iowa taxpayers.
Eligible gifts will qualify for credits on a first-come/first-serve basis until the yearly appropriated limit is reached, currently $6 million. If the current available Endow Iowa Tax Credits have been awarded, qualified donors will be eligible for the next year’s Endow Iowa Tax Credits. The Community Foundation encourages donors to act early in the year to ensure they receive Endow Iowa credits.
All qualified donors can carry forward the tax credit for up to five years after the year the donation was made.
We encourage donors to consult with tax advisors to review their individual circumstances and learn how they can take advantage of this unique opportunity.
What Does it Really Cost To Give?
With Endow Iowa, a $10,000 Gift Could Cost Just $3,540*