Community Foundation donors receive maximum tax advantages under state and federal law and are eligible for tax credits that are only available through Iowa community foundations. We will assist you in ensuring your clients receive maximum tax benefits, while giving back meaningfully to the causes they care about most.
- The Community Foundation provides access to Endow Iowa Tax Credits, a 25% Iowa tax credit in addition to normal federal charitable income tax deductions for certain charitable gifts.
- Contributions to funds at the Community Foundation are eligible for a deduction of up to 60% of adjusted gross income for gifts of cash and 30 percent for gifts of appreciated stock, real estate and closely held stocks.
- Gifts of appreciated assets receive normal charitable deductions while eliminating capital gains tax on the appreciation.