Dyersville Area Nonprofits Receive More than $34,000 in Dyersville Area Community Foundation Endowment Payouts

DYERSVILLE, Iowa— The Dyersville Area Community Foundation (DACF) recently authorized $34,110 in agency and donor-advised endowment payouts for fiscal year 2015.

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 DACF 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. Any earnings beyond the 5% are reinvested.

More than 10 Dyersville nonprofits have established endowment funds through DACF. Nonprofits look to the Community Foundation to hold their organizations’ endowments because the reliable source of funding helps them respond to emerging needs as well as plan for the future 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.

“These endowments provide a vehicle for families to give back to their home towns forever,” says Nancy Dunkel, DACF Executive Director. “It is because of the generosity of donors and the commitment of area organizations that we are able to continue to provide the support needed for the future of the Dyersville Area.”

For more information on the Dyersville Area Community Foundation, visit www.dbqfoundation.org/DACF or call 563.599.7094.

Endowment payouts help organizations like the Ghost Players, a barnstorming baseball team and comedy troupe that also performs baseball skills camps and exhibition games worldwide. The Ghost Players uses its endowment payouts to preserve the history and story of group. Watch the video.