The Community Foundation of Northeast Iowa is a public charitable foundation that channels donations from individuals and corporations to charitable organizations in the local community. It has over 800 funds and $42 million in assets. Its mission is to respond to current and future charitable needs in Greater Northeast Iowa by securing endowments from many donors and distributing grants. It offers donors various fund types like unrestricted, field of interest, and donor advised funds. Donors can contribute through outright gifts, bequests, retirement plans, insurance, and more. The Community Foundation benefits the community through permanent endowments, flexible granting, and personalized donor involvement.

1. COMMUNITY FOUNDATION
OF NORTHEAST IOWA
Helping you help your community.
For good. For ever.

2. What is a community
foundation?
 A member of the fastest growing sector of
philanthropy in the US today
 A public charit able foundation made up of many
named funds that channels gif ts from individual and
cor porate donors to a variety of charitable
organizations in the local community
 A philanthropic institution governed by a local board
of private citizens

3. 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.

4. 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

5. THREE DISTINCT FEATURES
ONE: Permanent endowment
TWO: Broad, flexible purpose
THREE: Personalized giving

6. ONE: Permanent Endowment
o Invest and protect principal
o Distribute earnings via grants
o Build permanent community capital
o Create donor legacies

7. The Power of 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.
Gift and grant values assume an 8.5% growth in the market and grants of 4% annually.

8. TWO: Broad, flexible purpose
o Support high-impact opportunities
o Bring organizations into existence
o Redirect funds as appropriate
o Monitor all community needs

9. THREE: Personalized giving
o Fulfill multiple charitable intents
o Gain maximum tax advantage
o Be involved in establishing a fund

10. Types of Funds
 Unrestricted Fund  Scholarship Fund
 Meeting ever-changing community  Benefits students seeking higher
needs education
 Field of Interest Fund
 Addressing needs in an important area  Agency Endowment Fund
of community life (e.g. arts and
culture, education, environment,  A simple an efficient way to build an
health, etc.) endowment and create sustainability
for non-profit organizations
 Designated Fund
 Directing gifts to specific agencies or
purposes (e.g. scholarship)  Corporate/Organization Fund
 Donor Advised Fund  Corporations and Non 501(c)3
organizations establish charitable fund
 Involving donors in the use of their at the Community Foundation
gift

11. Ways to Give
 Outright Gifts  Bequests
 Gifts of cash, stocks, real estate or  Designate a portion of an estate
other assets
 Life Estate Contract
 Charitable Gift Annuity
 Donor transfers home to the
 Annuity contract pays donor for life Community Foundation and still
and charitable fund commences grants enjoys living at home
upon death
 Retirement Plans
 Charitable Lead Trust
 IRA’s, etc. By naming the Community
 Trust pays the Community Foundation as beneficiary of a
Foundation a fixed amount for a retirement plan, 100% stays in the
number of years and then assets go to community
beneficiary
 Insurance
 Charitable Remainder Trust
 Insurance policies can be named to
 Trust pays beneficiary for life and then the Community Foundation in total
assets transfer to the Community or even a portion
Foundation

12. LEGISLATION
for Community Foundations
Endow Iowa IRA Rollover
• A 20% state tax credit is available •Holders of traditional and Roth IRAs
through this legislation for donations who are at least 70 ½ years old can make
direct charitable transfers up to $100,000
to endowment funds at qualified
per year, tax free.
community foundations that meet
•Some experts estimate heirs receive less
national standards, like the than 25% of most IRA assets that pass
Community Foundation of through estates.
Northeast Iowa. •If given to a Permanent Endowment at a
Community Foundation that meets
national standards, the donor will also
receive a 20% state tax credit!

13. AFFILIATES
of the Community Foundation
• 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.

14. Successful Agency
Partnerships
WAT E R L O O / C E DA R FA L L S S Y M P H O N Y
Endowment Fund
C E DA R VA L L E Y U N I T E D WAY
Endowment Fund
WAT E R L O O S C H O O L S
Endowment Fund

15. 10 Reasons
People choose to give through the Community Foundation
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.

16. 10 Reasons
People 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

17. Make a lasting difference in your community today through the
Community Foundation of Northeast Iowa!
www.cfneia.org