1. Enhancing Community Philanthropy in Iowa State Initiatives Mike Miller 515.242.4807 mike.miller@iowalifechanging.com

2. ENDOW IOWA Tax Credits Grants

3. ENDOW IOWA GRANTS $155,303 available Maximum of $25,000 per grant award To be awarded by Iowa Council of Foundations (as “Lead Philanthropic Entity”)

4. ENDOW IOWA GRANTS Up to $155,303 in Tax Credits for Donors –up to $7,765 per application Application and Selection Process for Grants – currently under development by the Council of Foundations – will emphasize new foundations/affiliates Scheduled to begin –Early 2005

5. COUNTY ENDOWMENT FUNDS WHAT? Gambling revenue enhancing county- wide philanthropy in Iowa WHO? Counties that DO NOT have gambling Maximum of one (1) Qualified Community Foundation or affiliate of QCFs per county QCF assisting county-wide needs

6. COUNTY ENDOWMENT FUND HOW? ½ of 1% of Iowa’s gambling revenue = estimated $50,000 - $60,000 year/county 75% of funds pass thru to charitable organizations for educational, civic, public, patriotic, or religious uses 25% must be allocated for permanent endowment and similar purpose

7. COUNTY ENDOWMENT FUND WHEN? Department of Revenue estimates first distribution to Qualified Foundations will be Fall 2005

8. COUNTY ENDOWMENT FUND How to Qualify for $ ? Be a Qualified Community Foundation or an Affiliate of a QCF “Address county-wide needs” (language from legislation) – i.e. serve entire county  not just one or two communities

9. COUNTY ENDOWMENT FUND NEXT STEPS Develop List of Qualified Recipients Rating/Selection Process – may be required where more than one entity qualifies – Iowa Council of Foundations is likely to be responsible for this process Funds Distributed – next fall

10. COUNTY ENDOWMENT FUND POSSIBLE RATING CRITERIA Degree of Representation on Board/Governing body Philanthropic Activity undertaken throughout the county/area by the entity within the first three (3) years Length of Time established

11. CONTACT INFORMATION Iowa Council of Foundations 319.287.9106 or office@communityfoundationneiowa.com