River Bluff Community Foundation Endowment Funds Pay Out $23,600

The River Bluff Community Foundation (RBCF) recently announced $23,600 in agency and donor-advised endowment payouts for fiscal year 2017.

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.

Several nonprofits have established endowment funds through RBCF. 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 may also benefit from the Endow Iowa 25% State Tax Credit in addition to federal charitable income tax deductions.

“These funds help sustain the crucial missions of nonprofits in the Clinton Area so they can continue to enrich our community forever,” said RBCF Philanthropy Coordinator Alma Mariano. “Each fund is unique and the payouts fund everything from special projects to facility repairs and general operations.”

For more information about RBCF, visit www.dbqfoundation.org/riverbluff.