Helping you help your community.
For good. For ever.
COMMUNITY FOUNDATIONOF NORTHEAST IOWA
A member o f the f a s t e s t g rowin g s e c to r o f ph i l an t hropy i n the US today
A pub l i c char i t ab l e foun d a t ion ma de u p o f ma ny n a med fu n ds tha t cha n n e l s g i f t s f rom in d i v idu a l a n d c o r po ra te don or s to a v a r i e t y o f cha r i t a b l e o r g a n i z a t ion s in the l o c a l c ommu n i t y
A ph i l a n th rop i c in s t i tu t i on gove rn ed by a l o c a l b oard o f p r i v a t e c i t i z en s
What is a community foundation?
Our Mission
Respond to the current and future charitable needs of the Greater Northeast Iowa Area.
Secure and serve as the custodian of endowment funds contributed by many donors.
Create other mechanisms that will channel charitable money, goods and services to meet community needs.
Our Current Statistics
More than 800 funds
Over $42 million in assets (over $35 million is permanently endowed)
More than $5 million in annual grants
Cumulative grants of nearly $35 million since our inception in 1956
ONE: Permanent endowment
TWO: Broad, flexible purpose
THREE: Personalized giving
THREE DISTINCT FEATURES
o Invest and protect principal
o Distribute earnings via grants
o Build permanent community capital
o Create donor legacies
ONE: Permanent Endowment
DID YOU KNOW?
If you create an endowment worth $25,000 today, in 25 years you will have given this community $46,172 dollars in
grants and your endowment will be valued at $69,257.
The Power of Endowment
Gift and grant values assume an 8.5% growth in the market and grants of 4% annually.
o Support high-impact opportunities
o Bring organizations into existence
o Redirect funds as appropriate
o Monitor all community needs
TWO: Broad, flexible purpose
o Fulfill multiple charitable intents
o Gain maximum tax advantage
o Be involved in establishing a fund
THREE: Personalized giving
Types of Funds
Unrestricted Fund
Meeting ever-changing community needs
Field of Interest Fund
Addressing needs in an important area of community life (e.g. arts and culture, education, environment, health, etc.)
Designated Fund
Directing gifts to specific agencies or purposes (e.g. scholarship)
Donor Advised Fund
Involving donors in the use of their gift
Scholarship Fund
Benefits students seeking higher education
Agency Endowment Fund
A simple an efficient way to build an endowment and create sustainability for non-profit organizations
Corporate/Organization Fund
Corporations and Non 501(c)3 organizations establish charitable fund at the Community Foundation
Ways to Give
Outright Gifts
Gifts of cash, stocks, real estate or other assets
Charitable Gift Annuity
Annuity contract pays donor for life and charitable fund commences grants upon death
Charitable Lead Trust
Trust pays the Community Foundation a fixed amount for a number of years and then assets go to beneficiary
Charitable Remainder Trust
Trust pays beneficiary for life and then assets transfer to the Community Foundation
Bequests
Designate a portion of an estate
Life Estate Contract
Donor transfers home to the Community Foundation and still enjoys living at home
Retirement Plans
IRA’s, etc. By naming the Community Foundation as beneficiary of a retirement plan, 100% stays in the community
Insurance
Insurance policies can be named to the Community Foundation in total or even a portion
Endow Iowa• A 20% state tax credit is available through this legislation for donations to endowment funds at qualified community foundations that meet national standards, like the Community Foundation of Northeast Iowa.
LEGISLATIONfor Community Foundations
IRA Rollover•Holders of traditional and Roth IRAs who are at least 70 ½ years old can make direct charitable transfers up to $100,000 per year, tax free.
•Some experts estimate heirs receive less than 25% of most IRA assets that pass through estates.
•If given to a Permanent Endowment at a Community Foundation that meets national standards, the donor will also receive a 20% state tax credit!
• The Community Foundation of Northeast Iowa is the host foundation for 29 county and community affiliate foundations. Each affiliate is able to serve their geographic area with a local governing body while receiving administrative assistance from the Foundation.
• The Community Foundation of Northeast Iowa headquarters is located in Black Hawk County.
AFFILIATESof the Community Foundation
Successful AgencyPartnerships
WATERL OO/CEDAR FALLS S YM PHONY
Endowment Fund
CEDAR VALLEY UN ITED WAY
Endowment Fund
WATERL OO SCHOOLS
Endowment Fund
1 We are a local organization with deep roots in the community
2 Our professional staff has broad expertise regarding community issues and needs
3 We provide highly personalized service tailored to each individual’s charitable and philanthropic interests
4 Our Donor Advised Funds help people invest in the causes they care about most
5 We accept a wide variety of assets, and can facilitate even the most complex forms of giving.
10 ReasonsPeople choose to give through the Community Foundation
6 We partner with professional advisors to create highly effective approaches to charitable giving
7 We offer maximum tax advantage under state and federal law
8 We multiply the impact of gift dollars by pooling them with other gifts and grants
9 We build endowment funds that benefit the community forever and help create personal legacies
10 We are a community leader, convening agencies and coordinating resources to create positive change
10 ReasonsPeople choose to give through the Community Foundation
www.cfneia.org
Make a lasting difference in your community today through the Community Foundation of Northeast Iowa!