Hardin County Community Endowment Foundation

We work with individuals, families, businesses and organizations to assist with their charitable giving goals. We offer a wide range of giving options that can be used to establish or add to an existing charitable fund..

We work with individuals, families, businesses and organizations to assist with their charitable giving goals. We offer a wide range of giving options that can be used to establish or add to an existing charitable fund..

WAYS TO GIVE
DONATE NOW

By working with the Hardin County Community Endowment Foundation, you can improve the quality of life throughout Hardin County by providing ongoing support to charitable organizations or causes that have meaning to you; whether you act now, create a lasting legacy or decide to do both!

Our community benefits from both large and small donations and it is an easy way to help support the community you have lived in and loved. There are various ways to give and we invite you to allow us to assist you in finding the one that is the right fit for you.

WAYS TO GIVE
TYPES OF FUNDS
STARTING A FUND
TAX BENEFITS
KEEP IOWA GROWING

WAYS TO GIVE

Real Estate

Making a charitable gift of real estate through the Hardin County Community Endowment Foundation can help you turn your property gains into community good.

The value of your real estate may exceed that of any other asset you own. With the help of the HCCEF, you can use it to fulfill your charitable interests and receive financial and tax benefits.

Privately Held Stock

When you make a gift of appreciated stock to the HCCEF, your gift of stock is reinvested in your community and it qualifies for an immediate tax deduction based on the full market value.

Gifts of Grain

By giving grain to the HCCEF, you avoid including the sale of the grain in your farm income. Although a charitable income tax deduction is generally not available to you, the avoidance of declaring it as income and the possibility of an Endow Iowa Tax Credit are significant benefits.

Planned Gifts | Will or Estate Plan

Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make a gift, the HCCEF establishes a special fund that benefits the community forever, and becomes your personal legacy of giving.

Life Insurance, IRA or 401(k) Plan

Life insurance provides a simple way for you to give a significant gift to charity with tax benefits that you can enjoy during your lifetime.

Retirement plans provide an opportunity for you to help plan for your community’s future and can be one of the most effective assets to transfer to your local community foundation because they produce taxable income. By naming your local community foundation as the beneficiary of your retirement plan, you could be eligible to receive a number of benefits.

Charitable Gift Annuities

 

Charitable gift annuities are easy to establish, require no trust administration, incur no setup costs to the donor and provide a partial charitable income tax deduction for the donor. The donor escapes worries about managing the donated asset and keeping its value up with inflation.

Charitable Remainder Trusts

A charitable remainder trust allows you to receive income for the rest of your life, knowing that whatever remains will benefit your community.

Keep Iowa Growing

Keep Iowa Growing provides a commitment to retaining farmland and ensuring the land will stay in production as it has for generations. The farmland will continue to yield, while the causes you care about will benefit from your legacy of giving. Gifts of farmland are flexible and beneficial for both you and the causes you choose to support. For more information, click here.

TYPES OF FUNDS

Administrative Funds

Administrative Funds directly benefit the HCCEF by providing funding for the Foundation to carry out its mission to improve the quality of life in Hardin County through philanthropy.

Privately Held Stock

When you make a gift of appreciated stock to the HCCEF, your gift of stock is reinvested in your community and it qualifies for an immediate tax deduction based on the full market value.

Agency Funds

By establishing an Agency Fund, the board members and volunteers can focus on the agency mission and endowment building while the Community Foundation of Greater Des Moines handles the investment of the endowment.

Seed Funds

Seed Funds allow you to start a fund and gradually build upon it. Your Seed Fund will grow into a charitable fund that will let you support the charities or causes you choose and will forever have an impact on the quality of life in your community.

Designated Funds

Designated Funds are established by a donor to benefit a specific organization and maintain assets that help ensure the sustainability of the organization. Distribution of investment income to the chosen organization is made on an annual basis, creating a stable income stream.

Field of Interest Funds

Field of Interest Funds connect people with their passions and specific areas of need in their community. Education, the arts, the environment and disadvantaged youth and families are a few areas donors can support through these funds.

While you determine the direction of your Field of Interest Fund, maintenance is left to the Foundation who continually monitors changing community needs to ensure grants make the most impact in your field of interest.

You may add to your Field of Interest Fund any time and so can others who share your interests in the community.

Legacy Funds

Legacy Funds are ideal for families and individuals who want to share how their planned gifts should be distributed after their lifetimes. Donors establish Legacy Funds to receive their planned gifts and personally communicate how their charitable contributions will forever benefit their favorite charities.

Charitable Gift Annuities

A charitable gift annuity is a simple contract established between a donor and the Foundation by which a portion of the gift of cash or marketable securities transferred to the Foundation establishes an endowed fund to benefit a charity of the donor’s choice. The remainder is returned to a designated recipient as scheduled income payments.

Charitable gift annuities require no trust administration, no setup costs to the donor and provide a partial charitable income tax deduction for the donor.

Committee Advised Funds

Committee Advised Funds are established by groups who wish to make grants to the charities of their choice. The committee identifies the charitable causes it wishes to support and determines where the funds will be directed. Grants are distributed from fund income, principal or a combination of the two.

Scholarship Funds

Donors may establish Scholarship Funds to benefit students of a particular school, geographic region, educational discipline, gender or other designation.

You may add to your Scholarship Fund at anytime and so can others who share your interests in the community.

STARTING A FUND

Giving is one of the most personal and important things you can do. It allows you to have an impact on the well being of your community and it expresses gratitude.

By giving you can impact the quality of life for those throughout Hardin County today and in the future. It also gives you a chance to create a legacy in the areas that mean the most to you.

Here are some steps to get you started in creating your legacy.

Giving is one of the most personal and important things you can do. It allows you to have an impact on the well being of your community and it expresses gratitude.

By giving you can impact the quality of life for those throughout Hardin County today and in the future. It also gives you a chance to create a legacy in the areas that mean the most to you.

Here are some steps to get you started in creating your legacy.

Look at your interests and discuss them with your family. Contact the Hardin County Community Endowment Foundation and share your desires to allow them to assist you with exploring all your options and to learn of community needs that might benefit from your interests. Make sure to discuss with your financial planner as well to gain a thorough understanding of the tax advantages.

Once you determine your goals, the next step is deciding when you want to get started and how much is right for you. In most cases, you will receive tax benefits the year your gift is made. Endow Iowa tax credits can be used for up to five years

Determine the type of fund that best addresses your needs and interests.

When naming your fund, you can use your name, a family name, a corporate name or you may choose to honor someone special by establishing a lasting legacy in their name. The fund can also be anonymous.

Complete the simple fund agreement with the Hardin County Community Endowment Foundation. The agreement serves as the guideline for grants made from your fund today and in the future once the minimum required contribution is received.

You might decide that you want to build your fund over time. In this case, a Seed Fund is established to allow you to begin a fund on a smaller scale and build it as you are able. An initial contribution of $1,000 and a pledge of a minimum annual contribution of $600 to build your Seed Fund is required to get started. Once $10,000 is accumulated (through gifts and income), the Seed Fund matures to a charitable endowment (most commonly a donor advised fund) from which you are able to suggest annual distributions to support the causes or charities you care about.

TAX BENEFITS

The Iowa Economic Development Authority is the agency administering the Endow Iowa Tax Credit program and tracking of tax credits spent for the year.
Learn More About Iowa’s Tax Benefits.

The Endow Iowa Tax Calculator is designed to be a flexible tool to help you understand the potential tax savings for gifts made through Endow Iowa and the long-term impact of giving to an endowed fund.
Visit the Endow Iowa Tax Calculator

The Endow Iowa program is part of an effort to enhance philanthropic activity in the State of Iowa by encouraging contributions to community foundations. The program provides significant additional tax incentives for individual, business or organizational donors of community foundations.

Giving through the Hardin County Community Endowment Foundation community allows you to give to the causes you care most about. Your gifts create lasting changes throughout Hardin County and the Endow Iowa Tax Credit Program offers you generous tax incentives to make it easier for you to give. Those who give to a permanently endowed fund at a qualified community foundation or affiliate organization, including Hardin County Community Endowment Foundation, are eligible to receive 25% tax credits for their gifts. Charitable donors who give are also eligible to take advantage of the federal tax deductions along with the Endow Iowa tax credits.

Tax credits are offered on a first-come, first-served basis, with approximately $4.5 million available annually statewide. The Endow Iowa tax credits can be claimed by individuals, businesses or financial institutions.

Over $95 million has been invested in community foundations through Endow Iowa since 2003, improving residents’ lives both now and for years to come.

Endow Iowa endorses the importance of philanthropy and encourages all Iowans to invest in their communities through endowment funds. These funds are permanent resources that build the capacity for communities to become self-sufficient by providing financial support to charitable projects and community betterment programs now and in the future.

Community endowments help citizens promote, plan and prepare for the future and manifest their own community visions. More than 1,500 Iowa leaders are engaged in the community foundation movement annually.

Wealth often leaves Iowa’s communities and counties because there were no vehicles in place to receive gifts. Endow Iowa creates and provides the tools and vehicles to create endowment funds while strengthening existing community foundations. It is a low-cost way to positively impact Iowa forever.

Endow Iowa establishes community endowments that create eternal financial sources to fund community betterment.

Planned giving creates a way for Iowans to leave wealth to their local communities and at the same time avoid federal estate taxes and the capital gains tax that force many wealthier citizens out of the state. Collectively, if Iowans would gift even 5% of their estates annually into endowment funds at community foundations, we would see more than $245 million each year reinvested into community-based endowment funds that would grow to even greater levels in time.

KEEP IOWA GROWING

Keep Iowa Growing provides a commitment to retaining farmland and ensuring the land will stay in production as it has for generations.

The farmland will continue to yield, while the causes you care about will benefit from your legacy of giving. Gifts of farmland are flexible and beneficial for both you and the causes you choose to support.

Fields of Opportunity

  • Keep Iowa Growing offers the flexibility to make a gift of farmland as either an outright gift or a retained life interest.
  • You have the option of suggesting a tenant farmer who will continue farming the land.
  • Any charities of your choice can be named to benefit from the farm revenue, thus receiving a legacy of sustainable funding.
  • Your county will continue to maintain its tax base as the land stays on the property tax rolls.

Keep Iowa Growing Offers the Unique Flexibility to Make a Gift of Farmland

  • Retain the ability to live on the farm and/or retain the income for your lifetime.
  • Receive maximum charitable benefits and make wise estate planning decisions.
  • Provide a lasting legacy to the community and causes you love.

Benefits of Giving a Gift of Farmland

  • Your legacy lives on as your wishes are carried out, giving you control over the land you love knowing it will support your favorite causes forever.
  • Your farmland stays farmland with continued production by your tenant farmer of choice.
  • Landowners receive a tax deduction for the charitable portion of the gift.
  • Gifts may be eligible for Endow Iowa Tax Credits, a 25% Iowa tax credit.
  • Capital gains taxes can be avoided or reduced.
  • The asset of farmland is removed from the possibility of estate taxes.