Jones County Community Foundation Endowment Funds Pay Out More Than $73,000
JONES COUNTY, Iowa — The Jones County Community Foundation recently announced $73,980 in agency and donor-advised endowment payouts for fiscal year 2019.
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 the Jones County Community Foundation to benefit charitable causes.
These funds are invested and pay out annually to the designated nonprofits, providing a reliable source of income to sustain organizations’ operations forever.
Endowment funds help organizations like Jones County 4-H.
“The endowment distribution will be used as a scholarship award for a worthy graduating senior in Jones County. The focus of the award is to support youth entering a livestock-focused course of study after high school graduation,” said Jennifer Fischer, fund representative. “We hope that these funds will provide support to a student to reach their goals and dreams.”
Multiple nonprofits have established endowment funds through the Jones County Community Foundation. Nonprofit leaders look to the 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 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, foundation coordinator. “Each fund is unique to a donor’s dreams for the future of Jones County.”
For more information, or to give online, visit dbqfoundation.org/jccf, email email@example.com or call 319.551.3402.