River Bluff Community Foundation Endowment Funds Pay Out $25,500
CLINTON, Iowa—The River Bluff Community Foundation (RBCF) recently announced $25,500 in agency and donor-advised endowment payouts for fiscal year 2018.
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 RBCF 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.
Endowment funds support a broad range of causes like the Bernard and Anna Lehman Scholarship Fund which helps Clinton High School students pursue their dreams. Leaders look to the Community Foundation to hold endowments because they provide a reliable source of funding.
"The students impacted by scholarships like this are high achievers with outstanding community involvement through volunteerism, academic and athletic achievements.” Said Alma Mariano, RBCF philanthropy coordinator. “They are flourishing in their fields of study and forging their way to further success thanks to the Bernard and Anna Lehman Scholarship.”
Donors who give to endowments through a community foundation may 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 the Clinton Area so they can continue to enrich our community forever,” said Mariano. “Each fund is unique and the payouts fund everything from special projects to facility repairs and general operations.”
For more information about RBCF, visit www.dbqfoundation.org/riverbluff.
An affiliate of the Community Foundation of Greater Dubuque, the River Bluff Community Foundation (RBCF) was formed in 2005. The founding members of the organization had a vision to ensure that our communities' charitable programs were supported now - and in the future. We work together with many individuals, families, businesses, and organizations to establish endowment funds that will provide grant awards for years to come. To learn more, visit www.dbqfoundation.org/riverbluff.