Victory Center creates new charitable fund with River Bluff Community Foundation
The Victory Center Rescue Mission in Clinton has a long track record – 33 years – of service through two food pantries and shelters for men, women and children. Leaders are taking steps to ensure that tradition continues.
The Victory Center has created an endowment fund with the River Bluff Community Foundation to provide long-term support for its vision of equipping people with a safe place to call home. Endowed funds provide nonprofits with annual payouts, and distributions from the Victory Center’s new endowment will help families in Clinton have happier holidays for generations to come.
“The Victory Center provides a home for the homeless and food for the hungry. During the holidays, this becomes a challenge for us because we need more funding and resources,” says Reverend Ray Gimenez, Victory Center executive director. In addition to daily meals, the Victory Center provides families high quality holiday food boxes and helps provide gifts and toys for children.
Even though individuals may have a job, they still are having a hard time making ends meet. "We find many people have to make choices between food and other basic necessities like keeping a roof over their heads, and that can be a tough decision. That’s where the community comes in,” says Gimenez. “We depend on local generosity during this time when people are hurting so badly economically.”
Growing the new endowment fund will lead to greater annual payouts, directly increasing the impact the Victory Center can have on those in need. Gifts of $50 or more to endowed funds at the Community Foundation may qualify for the generous Endow Iowa 25% State Tax Credit. Various gift types qualify, including charitable IRA rollovers, gifts of grain, gifts of stock and cash gifts. All donations to endowed funds are permanently invested and provide a reliable source of income for operations or initiatives like the Victory Center’s holiday programs.
With community support for a strong endowment fund, the Victory Center can continue to do its good work in Clinton for many more years. The endowment is hosted by the River Bluff Community Foundation, a charitable organization that invests funds to benefit communities in Clinton and Camanche. Both nonprofit organizations and community members can create endowment funds to benefit charitable causes. To learn more, contact Patti Hoffman, philanthropy coordinator, at 563.212.1294 or firstname.lastname@example.org.
For more information about the Victory Center or to make a gift, visit dbqfoundation.org/victorycenter.