CLINTON — Increased growth of the Community Impact Fund is the goal for River Bluff Community Foundation, according to its president, Carol Machael.
“We are well on our way,” she said, “and have already reached more than 13 percent of the $30,000 goal we have for this year.”
A Community Impact Fund is a permanently endowed fund through which grants can be made to address specific needs within the community. Proceeds from this fund will be able to address important and pressing community issues — whether it be in education, health care, improvements in housing, public services, library enhancements or children’s services.
Iowa taxpayers (individuals or businesses) making gifts to permanently endowed funds at a qualified community foundation are eligible for a 25 percent Iowa tax credit in addition to federal charitable income tax deductions. As an affiliate of Community Foundation of the Great River Bend, River Bluff Community Foundation can share this benefit with those who make gifts to the Community Impact Fund or other endowments.
“Keeping philanthropic dollars local helps to better the community where we live, work, and raise our families’” Machael said. “What a satisfying way to do good for your community while at the same time gaining some tax relief.”
“Since the fund is permanently endowed, it will serve as the base for future gifts within the community to do good — forever,” she added.
Mailings to community members are currently in process. Those wishing to consider a gift to this fund, or who wish to support a particular organization or program, can contact any of the following for further information: Dave Meade, Francie Hill, Bill Zickau, Veling Schmidt, Martha Bonte, Mark Regenwether, Dave Pillers, Dave Sivright, Rachel Fredrickson, Jim Voss or Machael.