New Endowment Fund Will Support FFA in Cascade Forever

The Cascade FFA Alumni Association has established a new endowed fund at the Jones County Community Foundation to support FFA in Cascade.

“We were just looking for a way for the community to reach out,” said Alumni Association Member Nick Callahan. “We’re going to be giving scholarships out from the fund and hopefully we can see it grow in the future.”

The Cascade FFA Alumni Association was able to establish a sustaining endowment. Endowment funds will payout 5% every year to help support the work of the nonprofit forever.

The Cascade FFA Alumni Association is one of more than 20 nonprofits serving Jones County supported by an endowed fund at the Foundation. Last year, nonprofits received more than $35,440 from Jones County Community Foundation endowment payouts.

Gifts to endowed funds are eligible for the Endow Iowa 25% State Tax Credit. This tax credit is in addition to the federal deduction for charitable gifts. Endow Iowa is a financial incentive for individual donors, families, and businesses to create or build endowments to give back to their community. For some donors, the actual cost of the gift is 40 cents on the dollar; and the increased charitable impact per dollar gifted is one of the reasons endowments are growing in Jones County.

To learn more, visit www.dbqfoundation.org/jccf.