Community Foundation of Jackson County Awards More than $134,000 in Scholarships to Area Students
The Community Foundation of Jackson County (CFJC) recently awarded $ $134,220 in scholarships to students at six local high schools.
These scholarships are made possible by donors who establish endowment funds at the CFJC. As a community foundation, the CFJC is a charitable organization that administers funds to benefit its community and improve the lives of people in Jackson County. Nonprofit organizations and community members can create endowment funds at CFJC to benefit charitable causes. These funds are invested and pay out 5% annually to the designated causes or nonprofits. Any earnings beyond the 5% are reinvested.
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. Students at Bellevue High School, Easton Valley High School; Maquoketa High School; Marquette Catholic High School; Midland High School; and Northeast High School received scholarships.
The CFJC administers many scholarship funds with various criteria. Students may qualify and apply for more than one scholarship. Applications are available February 1 and are due April 1. For eligibility criteria and application instructions, visit www.dbqfoundation.org/cfjc.