Clayton County Foundation for the Future Endowment Funds Pay Out $171,000

CLAYTON COUNTY, Iowa— The Clayton County Foundation for the Future (CCFF) recently announced $171,280 in agency and donor-advised endowment payouts for fiscal year 2018.

Community foundations are charitable organizations that administer funds to benefit their communities and improve the lives of people in their geographic region. Nonprofit organizations and community members can create endowment funds at CCFF to benefit charitable causes. These funds are invested and pay out 5% annually to the designated nonprofits, providing a reliable source of income to sustain organizations’ operations forever.

Endowment funds help organizations like the Guttenberg Public Library. 

 “The Tangeman Family Endowment for the Guttenberg Library is being put to immediate use for a new wireless printer so that library patrons may print documents and for a smart TV which presenters can use with their laptops or DVD player to give adult and children’s educational programs,” said Emily Sadewasser, CCFF Coordinator.

Several nonprofits have established endowment funds through CCFF. Nonprofit leaders look to the Community Foundation to hold their organizations’ endowments because the reliable source of funding helps them to respond to emerging needs as well as to plan and sustain the good work they do.

Donors who give to endowments through a community foundation also benefit from the Endow Iowa 25% State Tax Credit in addition to federal charitable income tax deductions.

For more information about the Clayton County Foundation for the Future, visit wwwdbqfoundation.org/ccff.   

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An affiliate of the Community Foundation of Greater Dubuque, The Clayton County Foundation for the Future was created with the intention of setting up a perpetual endowment fund that would serve the needs of all of Clayton County and the 19 communities within the county. To learn more, visit www.dbqfoundation.org/ccff.