Jones County Nonprofits Receive $45,000 in Jones County Community Foundation Endowment Payouts

The Jones County Community Foundation (JCCF) recently authorized $45,080 in agency and donor-advised endowment payouts for fiscal year 2016.

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. Any earnings beyond the 5% are reinvested.

More than 20 Jones County nonprofits have established endowment funds through JCCF. 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 plan for the future 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.

For more information on the Jones County Community Foundation, visit www.dbqfoundation.org/jccf.