River Bluff Community Foundation announces over $33,000 in community support
The River Bluff Community Foundation will distribute up to $33,630 this year from endowment funds held for the benefit of local nonprofits and charitable groups working to improve quality of life in the Clinton area.
“Endowments provide a sustainable source of funding that allows organizations to realize their missions and embark on successful initiatives to meet local needs,” said Patti Hoffman, philanthropy coordinator. “We partner with donors and nonprofits to transform generosity into actions that improve quality of life in Clinton and Camanche for everyone.”
Community foundations are forever: Endowment funds held by the River Bluff Community Foundation are invested permanently, and the earnings from that investment provide annual funding to address the community’s greatest challenges for generations to come. Nonprofit leaders look to the Foundation to hold their organizations’ endowments because the reliable source of annual funding helps them respond to emerging needs, sustain the good work they do, and plan for the future
The Sisters of St. Francis in Clinton are familiar with the power of endowments. They have designated their endowment payout to support Information, Referral and Assistance Services (IRAS), an organization addressing food insecurity and keeping people in homes with utilities turned on. “They do an excellent job,” said Sister Janice Cebula, Order of St. Francis. “We know the needs have increased due to COVID-19, so we’re glad to help in a small way by designating our endowment distribution to IRAS.”
Nonprofits and community members can create endowment funds at the Foundation to benefit charitable causes, or make donations to existing funds. Gifts of all sizes make a difference, and people who give $50 or more to an endowment fund at the Foundation are eligible for the generous Endow Iowa 25% state tax credit. Learn more and see a full list of options for charitable giving at dbqfoundation.org/rbcf.
“Endowment funds offer a tangible option for families and community members to make an impact in their communities,” said Hoffman. “Thanks to generous donors and committed nonprofits, we are able to continue to provide this necessary support for the future of our communities.”
For more information, visit dbqfoundation.org/rbcf.