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The Success of Iowa’s Philanthropy Initiatives The Incentives and The Education and Information

The Success of Iowa’s Philanthropy Initiatives The Incentives and The Education and Information. Sandy Ehrig 515.242.4780 sandy.ehrig@iowalifechanging.com. The Incentives …. Endow Iowa Tax Credits Endow Iowa Grants County Endowment Fund. Tax Credits in 2005.

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The Success of Iowa’s Philanthropy Initiatives The Incentives and The Education and Information

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  1. The Success of Iowa’s Philanthropy InitiativesThe IncentivesandThe Education and Information Sandy Ehrig 515.242.4780 sandy.ehrig@iowalifechanging.com www.iowalifechanging.com

  2. The Incentives … • Endow Iowa Tax Credits • Endow Iowa Grants • County Endowment Fund www.iowalifechanging.com

  3. Tax Credits in 2005 • Awarded $2 million in Endow Iowa tax credits • Leveraged $10 million in charitable giving from 449 separate donations • Benefited more than 23 different community foundations or affiliates www.iowalifechanging.com

  4. A Closer Look at the 449 Donations 213 Donations $ 1000 or less 181 donations $ 1001 - $30,000 37 donations $ 30,001 - $100,000 18 donations $100,000 + 407 Donations from individuals 42 Donations from business www.iowalifechanging.com

  5. Endow Iowa Grants • Awarded $150,000 as matching grants • Iowa Council of Foundations – the lead philanthropic entity • Developed application and review process • 18 applicants www.iowalifechanging.com

  6. Recipients of 2005 Grant Awards • SIX awards/ $25,000 each • Leveraged $622,900 in donations www.iowalifechanging.com

  7. The Financial Impact of County Endowment Fund 2005 • $5,573,000 in this fund • $167,000 (3%) to Iowa Council of Foundations • $5.4 million distributed to 85 qualified Community Foundations and/or Community Affiliate Organizations www.iowalifechanging.com

  8. The Financial Impact of County Endowment Fund 2005 • Amounted to $63,601 for each organization • 75% ($47,701) to assist current county-wide charitable needs/and or organizations • 25% ($15,900) into permanent endowment fund www.iowalifechanging.com

  9. Beyond the financial impacts of County Endowment Fund • Creation of nearly 75 new Community Foundations/ affiliate organizations • 1000 or more local community leaders involved with philanthropy • Capturing the “Transfer of Wealth” through promotion of local vehicles for giving • Benefits of funded projects www.iowalifechanging.com

  10. Education and Information • Workgroup with IDED • Community Foundation Fundamentals Course for volunteers and staff • Web site project with ICOF; CVC and ISU Extension www.iowalifechanging.com

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