Start a Nonprofit Fund
Nonprofits in the Quad Cities region (and beyond!) can establish a Nonprofit Endowment Fund at the Quad Cities Community Foundation to support their work now—and forever. It is an outstanding way to ensure the long-term financial stability of your organization. Today, more than 150 funds have been established to support nonprofits in our region.
Each year, nonprofits with funds at the Community Foundation can receive a 4.5% annual payout from their fund to use as they see fit.
How do these Endowments work?
We make it easy for you to invest.
Your organization’s assets are pooled with the Community Foundation’s assets, which are now over $143 million. This practice allows for greater efficiency and protection against fluctuations in market value, as well as enhanced earning power. All assets are under the oversight of experienced, professional investment managers.
Over time, earnings from your endowment will provide a steady stream of resources, enabling your nonprofit organization to accumulate funds for renewal and enhancements of facilities and equipment, carry out long-term planning, respond effectively to unmet needs, or meet
any unexpected shortfalls in normal operating support that occurs from time to time.
Each year, a portion of the investment earnings is available for your nonprofit organization to use to meet your ever-changing needs. However, if an individual donor wishes to direct his or her endowment gift to a particular purpose, it is possible to do so within the Community Foundation. Any restrictions on a gift should be discussed with both the Community Foundation and your organization to ensure the donor’s wishes can be carried out.
Your donors get benefits
All gifts to your nonprofit organization’s endowment are tax deductible to the full extent of both federal and state law. In addition, Iowa taxpayers may qualify for an Endow Iowa Tax Credit for 25% of the value of their gift. In addition, a Nonprofit Endowment Fund:
Provides your organization a secure, permanent source of funds for the enrichment of programs and for the stability of your organization's services.
Increases giving opportunities for interested donors by offering gift annuities, real estate gifts, charitable remainder trusts, and other complex forms of gift arrangements.
Eliminates costly and time-consuming audit and tax reporting requirements.
Improves investment opportunities and lowers investments costs.Provides your organization access to the Community Foundation's staff expertise.