Endow Iowa State Tax Credit
When you make an endowed gift to the Community Foundation of Greater Dubuque or any of its funds, it will cost you far less thanks to Iowa's generous Endow Iowa 25% state tax credit.
Gifts of $50 or more to endowed funds qualify for the Endow Iowa tax credit. View a complete list of our funds. Various gift types qualify for the tax credit, including charitable IRA rollovers, gifts of grain, gifts of stock and cash gifts.
The U.S. Treasury Department published the regulation, “Contributions in Exchange for State or Local Tax Credits,” on June 13, 2019, and it impacts Endow Iowa-qualified gifts made on or after August 28, 2018. Click here for more information on this regulation, known as SALT.
Credits are given on a first-come, first-served basis. This means not only is it important to make your gift, but to fill out and return your Endow Iowa application as quickly as possible. As of December 24, 2019, all 2020 Endow Iowa credits have been allocated. All applications submitted now until December 31, 2020 will be marked as "suspended" for the 2021 wait list. In May 2020, the Iowa Economic Development Authority will send 2020 tax credit certificates to those donors who were awarded credits for 2020, with the hope this will help avoid confusion during 2019 tax filing time.
All qualified donors can carry forward the tax credit for up to five years after the year the donation was made.
**Please note that this application must be printed, signed and returned to the Community Foundation.
For more information on Endow Iowa and the availability of tax credits, call 563.588.2700.