The Endow Iowa Tax Credit program 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 across Iowa.
Those who give to a permanently endowed fund are eligible to receive a 25% state of Iowa tax credit for their gift. Community members who give are also able to take advantage of the tax credits in conjunction with federal tax deductions.
The Endow Iowa Tax Credit is awarded on a first-come, first-served basis for gifts made to a permanent endowment fund, established for the benefit of Iowa charitable causes, at a qualified community foundation in Iowa. The tax credits can be claimed by individuals, businesses, or financial institutions. More information can be found on the Community Foundation of Greater Des Moines’ website.