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Some clients may come to you with the belief that a private foundation provides their only option for long-term involvement with assets they set aside for charitable purposes. In reality, donors can establish funds at the Community Foundation at a lower cost with more tax benefits than private foundations, and the Community Foundation handles all of the administrative details.
A fund at the Community Foundation is more advantageous than having a private foundation and more personal than a commercial gift fund. View our Fund Type Comparison Chart to see all the advantages.
The Community Foundation also provides access to Endow Iowa Tax Credits. Endow Iowa allows taxpayers to receive a 20% Iowa tax credit in addition to normal state and federal charitable incomes tax deductions for certain charitable gifts.
We welcome the opportunity to consult with you and any clients who would like to discuss the advantages and disadvantages of each approach. Our desire is to help you find the solution that works best for your client. If you have any questions that have not been answered in this section, please contact Ashley Canney by phone at 515.244.0020 or email. | |
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