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Learn about The Fort Dodge Endowment

An attractive way to build a permanent savings account for the community

May 2, 2010
Messenger News

Would you believe the state of Iowa will pay you to establish a permanent charitable fund to benefit your community? It may sound too good to be true, but in fact, the state of Iowa is doing just that. Through the Endow Iowa Tax Credit Program, the state offers community-minded citizens a 25 percent tax credit when they establish an endowed fund with a qualified community foundation. Donors can receive a state tax credit of 25 percent of the amount of the gift in addition to the usual federal income tax deductions that accompany a charitable donation. Donors can qualify for as much as $100,000 in tax credits annually, and this incentive is also available to businesses and financial institutions.



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