Jones County Community Foundation Endowment Funds Pay Out More Than $52,000

The Jones County Community Foundation recently authorized $52,350 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 JCCF 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.

Endowment payouts help nonprofits like Jones Regional Medical Center.

“Our endowment payouts help to sustain healthcare in our community,” said Sheila Tjaden, community development director at Jones Regional Medical Center. “The funds are available for non-budgeted items that help to improve the health of the people and communities we serve.”

Several nonprofits like Jones Regional Medical Center have established endowment funds through JCFF. Nonprofit leaders 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 to plan 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 funds help sustain the crucial missions of nonprofits in Jones County so they can continue to enrich lives in Jones County forever,” said Sherri Hunt, JCCF Foundation Coordinator. “Each fund is unique to a donor’s dreams for the future of Jones County.”

For more information about the Jones County Community Foundation, visit www.dbqfoundation.org/JCCF.