Community Foundation of Washington County The Power of Philanthropy

IT MAKES GOOD SENSE What is the history of our Community Foundation?

Community Foundations History The first Community Foundation was started 100 years ago in Cleveland, Ohio.

Community Foundations History The first Community Foundation was started 100 years ago in Cleveland, Ohio. It pooled the charitable resources of Cleveland’s philanthropists, into a single, great, and permanent endowment for the betterment of the city.

Community Foundations History The first Community Foundation was started 100 years ago in Cleveland, Ohio. It pooled the charitable resources of Cleveland’s philanthropists, into a single, great, and permanent endowment for the betterment of the city. Community leaders would then forever distribute the interest from that fund to charitable purposes benefitting the inhabitants of Cleveland.

This original foundation spawned a global movement. Some 1,700 community foundations now exist worldwide. Community Foundations History

This original foundation spawned a global movement. Some 1,700 community foundations now exist worldwide. Today, there are more than 700 community foundations in the United States which collectively manage more than $48 billion in assets and distribute some $4.5 billion a year to community needs. Community Foundations History

Fifty years after the creation of the Cleveland Foundation the Davenport Area Foundation was established. The mission of the DAF was to improve the quality of life in the Davenport area. Community Foundations History

Fifty years after the creation of the Cleveland Foundation the Davenport Area Foundation was established. The mission of the DAF was to improve the quality of life in the Davenport area. Community Foundations History In 1994, the Davenport Area Foundation was renamed “The Community Foundation of the Great River Bend.” The new name reflected CFGRB’s growing presence as a regional resource for both charitable giving and civic engagement.

As the CFGRB has approached it’s 50 th anniversary, there is no longer one pooled fund. Instead CFGRB has more than 850 distinct charitable funds, totaling over $93.4 million in assets. Community Foundations History

As the CFGRB has approached it’s 50 th anniversary, there is no longer one pooled fund. Instead CFGRB has more than 850 distinct charitable funds, totaling over $93.4 million in assets. Today, these funds stretch beyond Davenport and are located in its 13 affiliate community foundations that serve 17 counties in two states. Community Foundations History

As the CFGRB has approached it’s 50 th anniversary, there is no longer one pooled fund. Instead CFGRB has more than 850 distinct charitable funds, totaling over $93.4 million in assets. Today, these funds stretch beyond Davenport and are located in its 13 affiliate community foundations that serve 17 counties in two states. The CFGRB is a Qualified Community Foundation, operating in compliance with the National Standards for Community Foundations as set forth by the Council on Foundations. Community Foundations History

The CFGRB Geographic Area

The Community Foundation of Washington County was formed in 2006 as an affiliate of the CFGRB, serving the charitable needs of Washington County. Community Foundations History

The Community Foundation of Washington County was formed in 2006 as an affiliate of the CFGRB, serving the charitable needs of Washington County. Because of our affiliation with CFGRB, the Community Foundation of Washington County (CFWC) also operates as a Qualified Community Foundation. Community Foundations History

The Community Foundation of Washington County was formed in 2006 as an affiliate of the CFGRB, serving the charitable needs of Washington County. Because of our affiliation with CFGRB, the Community Foundation of Washington County (CFWC) also operates as a Qualified Community Foundation. The CFWC is now one of 130 Community Foundations in Iowa. Community Foundations History

IT MAKES GOOD SENSE What does the Community Foundation of Washington County do?

1. Grantmaker. We support a wide range of community needs -- education, health, human services and more. The CFWC serves as...

1. Grantmaker. We support a wide range of community needs -- education, health, human services and more. 2. Community Leaders and Conveners. We act as community catalysts focusing on long-term endowment building and sustainability. The CFWC serves as...

1. Grantmaker. We support a wide range of community needs -- education, health, human services and more. 2. Community Leaders and Conveners. We act as community catalysts focusing on long-term endowment building and sustainability. 3. Local Giving Vehicle. We establish and hold numerous funds for a variety of charitable purposes. The CFWC serves as...

We offer many types of funds. Unrestricted Fund Designated Fund Agency Endowment Field of Interest Fund Donor Advised Fund

Some of our local partners: HACAP Endowment Highland Community School District John and Phyllis Jackson Music Scholarship Leo and Martha Hall Endowment Wellman Parkside Activities Center Kalona Historical Village Washington Iowa Betterment Association Dean Hasty Fund for the Washington County Humane Society Dean Hasty Endowment for Camp R.E.E.C.E Claude and Mary Greiner Family Scholarship

IT MAKES GOOD SENSE Why do organizations and individuals partner with a Community Foundation? Roots in the community

IT MAKES GOOD SENSE Why do organizations and individuals partner with a Community Foundation? Roots in the community Personalized giving

IT MAKES GOOD SENSE Why do organizations and individuals partner with a Community Foundation? Roots in the community Personalized giving Accepts wide variety of assets

IT MAKES GOOD SENSE Why do organizations and individuals partner with a Community Foundation? Roots in the community Personalized giving Accepts wide variety of assets Many professional advisors

IT MAKES GOOD SENSE Why do organizations and individuals partner with a Community Foundation? Roots in the community Personalized giving Accepts wide variety of assets Many professional advisors Maximize gift dollars

IT MAKES GOOD SENSE Why do organizations and individuals partner with a Community Foundation? Roots in the community Personalized giving Accepts wide variety of assets Many professional advisors Maximize gift dollars Build legacies

IT MAKES GOOD SENSE Why do organizations and individuals partner with a Community Foundation? Roots in the community Personalized giving Accepts wide variety of assets Many professional advisors Maximize gift dollars Build legacies Maximum tax advantages

IT MAKES GOOD SENSE Fund Facts: $1,000 minimum At $10,000 distributions may begin 4.5%, 20 quarter average Annual distributions each spring 1% annual support charge.5% annual investment fee

6+ TIMES nonprofits YEAR 15 $9,000 in cumulative grants and services $16,000 balance YEAR 25 $19,000 in cumulative grants and services $23,000 balance assumes 4.5% annual payout and 8.5% rate of return Initial gift has been invested: 1 TIME 2 TIMES YEAR 50 $66,000 in cumulative grants and services $57,000 balance YEAR 1 Establish a Named Fund $10,000 gift The Impact to

IT MAKES GOOD SENSE Endow Iowa State Tax Credit

Endow Iowa? WHAT IS A State Tax Credit provided to Iowa tax payers who donate to permanent endowed funds at a qualified Iowa Community Foundation

Endow Iowa? WHAT IS A State Tax Credit provided to Iowa tax payers who donate to permanent endowed funds at a qualified Iowa Community Foundation Encourages Iowa Taxpayers to invest in their communities by contributing to endowment funds at Qualified Community Foundations

Endow Iowa? WHAT IS A State Tax Credit provided to Iowa tax payers who donate to permanent endowed funds at a qualified Iowa Community Foundation Encourages Iowa Taxpayers to invest in their communities by contributing to endowment funds at Qualified Community Foundations The tax credit is equal to 25% of the amount of the donation. (This is in addition to the regular federal charitable deduction.)

Endow Iowa? WHAT IS The gift must be used for a charitable purpose in Iowa. (scholarships, agency endowments, donor advised funds, etc.)

Endow Iowa? WHAT IS The gift must be used for a charitable purpose in Iowa. (scholarships, agency endowments, donor advised funds, etc.) The gift must be in a permanently endowed fund.

Endow Iowa? WHAT IS The gift must be used for a charitable purpose in Iowa. (scholarships, agency endowments, donor advised funds, etc.) The gift must be in a permanently endowed fund. The gift must be held by a qualified Community Foundation.

Endow Iowa? WHAT IS The gift must be used for a charitable purpose in Iowa. (scholarships, agency endowments, donor advised funds, etc.) The gift must be in a permanently endowed fund. The gift must be held by a qualified Community Foundation. Limits each year Per taxpayer (up to $300,000) Statewide ( $6 million in 2013)

Endow Iowa? WHAT IS Tax paperwork has to be completed.

Endow Iowa? WHAT IS Tax paperwork has to be completed. Awarded on a first come-first served basis

Endow Iowa? WHAT IS Tax paperwork has to be completed. Awarded on a first come-first served basis Can be carried forward up to 5 years.

Surprising wealth transfer in next 50 years $41 trillion in United States $531 billion in in Iowa through probate estates alone $XXX billion in [County] $XXX,XXX per probated estate Endow Iowa Tax Credit Example With Endow Iowa, donations to community foundation endowments cost donors less. For example, a $10,000 gift could cost just $5,000. Gift: $10,000 $1,000 Tax Credit: $2,500 $ 250 Federal Deduction: $2,500$ 250 Total Tax Savings: $5,000$ 500 Total Cost of Gift: $5,000$ 500 *Based on 25% marginal federal tax rate Calculate for yourself and see the charitable impact at

Surprising wealth transfer in next 50 years $41 trillion in United States $531 billion in in Iowa through probate estates alone $XXX billion in [County] $XXX,XXX per probated estate YearCredits Awarded in $s Contributions Leveraged by Credits # of CFs/Affiliates Having Donors Who Received Credits 2012 $4,642,943$18,571, $3,960,718$16,939, $3,426,512$13,918, $1,977,869$9,889, $3,155,395$15,839, $2,000,000$10,099, $2,000,000$10,503,85030 TOTAL ‘04-‘12$24,166,210$110,865,597Average per/year= 64

Surprising wealth transfer in next 50 years $41 trillion in United States $531 billion in in Iowa through probate estates alone $XXX billion in [County] $XXX,XXX per probated estate Donation Amount Total $1000 or less 1,3911,8491,4521,0691, ,138 $ $30, ,006 $30,001 - $100, $100, Total Donations 1,9902,5961,9711,5041,8811, ,637

Surprising wealth transfer in next 50 years $41 trillion in United States $531 billion in in Iowa through probate estates alone $XXX billion in [County] $XXX,XXX per probated estate Endow Iowa… Proven Results! In 2012, approximately $4.6 million leveraged $18.5 million in giving. 126 contributions were from businesses. Awarded to donors to approximately 71 different community foundations/affiliates. Since inception, more than $110 million leveraged through 12,285 separate donations… and its growing!

Work with you to grow your organization’s endowment Work with you to grow your organization’s endowment Strategize the work Assist in developing a brochure and donor materials Give presentations to the organization and potential donors Identify & prioritize potential donors Visit potential donors along with organization's board or committee members What can you expect as an Endowment partner?

IT MAKES GOOD SENSE Questions & Comments