Foundation for the Future of Delaware County announces over $140,000 in community support
The Foundation for the Future of Delaware County will distribute up to $140,050 this year from endowment funds held for the benefit of local nonprofits and charitable groups working to improve quality of life across the county.
“Endowments provide a sustainable source of funding that allows organizations to realize their missions and embark on successful initiatives to meet local needs,” said Nancy Preussner, donor connections coordinator. “We partner with donors and nonprofits to transform generosity into actions that improve quality of life in our county for everyone.”
Community foundations are forever: Endowment funds held by the Foundation for the Future of Delaware County are invested permanently, and the earnings from that investment provide annual funding to address Delaware County’s greatest challenges for generations to come. Nonprofit leaders look to the Foundation to hold their organizations’ endowments because the reliable source of annual funding helps them respond to emerging needs, sustain the good work they do, and plan for the future.
This year, Community Childcare of Manchester is becoming familiar with the power of endowment. "We are delighted to be receiving our first payout from the Community Childcare of Manchester Endowment that our board, team members, families and community have been so supportive of,” said the organization’s director, Vicki Ries, . “We are so pleased to have this fund established and growing, and look forward to using the payout to continue to provide child care services for area families."
Nonprofits and community members can create endowment funds at the Foundation to benefit charitable causes, or make donations to existing funds. Gifts of all sizes make a difference, and people who give $50 or more to an endowment fund at the Foundation are eligible for the generous Endow Iowa 25% state tax credit. Learn more and see a full list of options for charitable giving at dbqfoundation.org/ffdc.
“Endowment funds offer a tangible option for families and community members to make an impact in their communities,” said Preussner. “Thanks to generous donors and committed nonprofits, we are able to continue to provide this necessary support for the future of Delaware County.”
For more information, visit dbqfoundation.org/ffdc.