Tax Benefits

 

The Quad Cities Community Foundation is a 501(c)(3) tax-exempt, publicly supported organization. Home to nearly 1,000 funds, we have granted over $100 million across the Quad Cities and beyond. We have the experts and resources that can everyone give in the most lasting and tax-efficient ways possible.

We are accredited by the Council on Foundations’ National Standards for Community Foundations, meaning that gifts made to the Community Foundation are eligible for the Illinois Gives and Endow Iowa Tax Credit Programs.

The Community Foundation offers more than a dozen giving options—including stock, real estate, grain and livestock, life insurance, trusts, and much more—to provide maximum flexibility for donors.

  • Through the Illinois Gives Tax Credit Program, Illinois taxpayers can access this tax credit incentive program, which makes Community Foundation donors eligible to receive a 25% Illinois income tax credit incentive. The first step to claim this tax credit is to sign up for a MyTaxIllinois account through the above link, ideally before a gift is even made. Contact our office for assistance signing up.

  • Through the Endow Iowa Tax Credit Program, Iowa taxpayers may receive a state tax credit equal to 25% of the gifts to the Quad Cities Community Foundation.

  • Through Qualified Charitable Distributions, IRA owners aged 70 ½ and over have a unique option for making a tax-free contribution each year.

  • The OBBBA introduces several updates to charitable giving rules, offering new opportunities and limitations depending on how taxpayers file:

    For those who claim the standard deduction: Starting in 2026, taxpayers can claim a separate deduction of up to $1,000 ($2,000 for married couples filing jointly) for cash gifts, provided they are not made to a private foundation or donor advised fund.

    For those who itemize deductions: The OBBBA has now introduced a floor for charitable contributions. Beginning in 2026, only contributions exceeding 0.5% of adjusted gross income will be deductible.

    Cash gifts to public charities will continue to be deductible up to 60% of AGI.