Cerro Gordo

County

Community

Foundation Helping you help your community.

For good. For ever.

What is the Cerro

Gordo County

Community

Foundation?

We are:

A public charitable foundation

that…

• Has local, county-wide

leadership

• Holds many named funds

• Is supported by

individuals, families,

organizations and

businesses

• Channels gifts from

donors to non-profit

organizations in the

community

The idea is simple.

Anyone can use the

Community Foundation to

give back to their

community.

3 Special

Features of community foundations

ONE: Permanent Build endowments to ensure grants are

always available to support the county

Invest and protect the principal

Distribute earnings via grants

Power of variance – redirect funds as

community needs change

The Power of Endowment

6+ TIMES

YEAR 15

$9,000 in

cumulative grants

and services

$16,000 balance

Initial gift has

been invested: 2 TIMES

YEAR 50

$66,000 in

cumulative grants

and services

$57,000 balance

YEAR 1

Establish a Named

Fund

$10,000 gift

YEAR 25

$19,000 in

cumulative grants

and services

$23,000 balance

Assumes 4.5% annual payout and 8.5% rate of return. This is for illustration purposes only. The Community Foundation allows a 4% annual payout.

1 TIME

TWO: Personalized o Educate people on giving options

o Customize giving to match personal

interests/tax needs

o Offer involvement in recommending uses

of a gift

o Create donor legacies via named funds

and donor stories (vignettes)

THREE: Local o Local organization with local Governing

Committee

o Knowledge of local community issues, opportunities and resources

o Share information with donors

Tools for giving

Ways to Give Cash, Appreciated

Securities, Real Estate, Other Assets

Bequests

Establish fund through your will

Retirement Plans

IRA Rollover

Insurance

Community Foundation can be

named as beneficiary, in total

or even a portion, of your policy

Charitable Gift Annuity

A way to make a gift to your

favorite charity, and still receive

an income for yourself or others.

Charitable Lead Trust

Trust pays charity a fixed amount

for a number of years and then

assets go to beneficiary

Charitable Remainder Trust

Trust pays beneficiary for life and

then assets transfer to the charity

Types of Funds Unrestricted Fund

Meets changing community needs

Field of Interest Fund

Women’s Fund, Education Fund, Environment Fund, Health

Fund, etc.

Donor Advised Fund

Involving donors in the use of

their gift

Scholarship Fund

Benefits students seeking higher

education

Designated Fund

Big Brothers/Big Sisters Fund,

YMCA Fund, Habitat for Humanity

Fund etc.

Agency Endowment Fund

Used by non-profits to build

permanent financial support for

their organization

Cerro Gordo

County

Community

Foundation Making a Local Impact

Community Foundation Facts

Established in 2005

Affiliated with CFNEIA, established in 1956

Current total assets

CFNEIA approximately $54 million (pooled funds)

Cerro Gordo County approximately $213,700

Granted approximately $444,000 since

inception

Local Impact Total Grant Dollars

Awarded in 2010:

$94,606.31 0 50

Arts & Culture

Community Affairs &

Development

Education

Environment

Health

Historic Preservation

Human Services

% of Grant Area

Funded

IOWA Benefits of Giving to a Community Foundation

Endow Iowa

• A 25% state tax credit is available for donations to

permanent endowment funds at qualified

community foundations.

What does it really cost to give?

Federal Marginal Tax Rate 15.00% 25.00% 35.00%

Endowment Gift to Qualified $10,000 $10,000 $10,000

Community Foundation

Less:

Endow Iowa 25% Tax Credit* $2,500 $2,500 $2,500

Federal Tax Deduction $1,500 $2,500 $3,500

Net Cost of Gift $6,000 $5,000 $4,000

*Based on current tax regulations. Example illustrated applicable for individuals who itemize deductions.

People Giving

Back Donors Making a Difference

How can I get

involved? We can help you help

your community.

Ways to get involved…

Individuals/Families

Establish a named fund – “Growth Fund”

Give to an existing fund

Start a Giving Circle

Estate planning

Tell others about us

Serve on committees/Governing Committee

Ways to get involved…

Professional Advisors

Establish a named fund

Give to an existing fund

Educate your clients about the Community

Foundation

Tell other professionals

Serve on committees/Board of Directors

We are a resource…

Professional Advisors

Help clients realize their charitable objectives

Individual expect professionals to discuss all

options

Significant opportunity may be lost

We are a resource…

Professional Advisor Tools

www.cerrogordoccf.org

Language excerpts

Publication with sample agreements

Local Contact: 641.330.5181

Administrative office – 319-287-9106

Will answer questions about forms/materials etc

When a person

plants a tree under

which she will never

sit, then you know

that civilization has

come to that land.

Greek Philosopher

www.cerrogordoccf.org

Helping you help your community.

For good. For ever.