2022 “SEEDS FOR SUCCESS”
Permanent Endowed, Non-endowed, and Scholarship Funds Matching Program for Nonprofits
“Seeds for Success” is designed to promote charitable giving, and encourage nonprofit organizations and individuals in Hardin County to include endowment building as part of their long-term funding strategies and sustainability. Through this program, twenty $1,000 Seeds for Success grants are available for a one-time gift (per family/person) of $10,000 or more given to a new or established permanent endowed, non-endowed, and scholarship fund with HCCEF.
Guidelines: Twenty $1,000 Seeds for Success grants are available for a one-time gift (per family/person) of $10,000 or more per calendar year given to a new or established permanent endowed, non-endowed, and scholarship fund with HCCEF.
- Nonprofit organizations can transfer assets or raise gifts through their donors to create a new permanent endowed, non-endowed, and scholarship fund.
- For existing endowments, gifts must come from individual/corporate donors.
- Gifts of cash, real estate, farmland, property, grain, stock, etc. can be accepted.
- $1,000 will be awarded, as a grant, to a qualifying non-profit of donor’s choice for
project or program use within Hardin County.
- Grants are awarded on a first-come, first served basis.
- With questions, contact Tam Elerding, HCCEF Program Director at (641)373-1379 or email@example.com. Non-profit organizations can contact Tam to set up a meeting for more information regarding the Endow Iowa tax credit process.
- Endowed funds, non-endowed funds and scholarships are eligible for Seeds for Success grants.
Benefits of the program:
- Diversifies a nonprofit group’s revenue stream, giving their volunteers and staff greater freedom to focus on their agency’s mission and endowment building efforts;
- Provides a regular flow of funds from annual investment returns, and, by providing donors with the advantages of the Endow Iowa tax credit, charitable groups increase their ability to attract more giving;
- Offers donors to any of HCCEF’s permanently-endowed funds an extra ordinary 25% Endow Iowa tax credit, in addition to the normal federal charitable tax deduction;
- Raises, in total, over $200,000 in new or existing permanent endowments, non-endowed funds and scholarships benefiting Hardin County nonprofit agencies and communities forever;
- “Seeds for Success” encourages endowment building for Hardin County, which, in turn, will aid in capturing a portion of future wealth transfer.
Presented for approval at the January 20, 2022 HCCEF Board meeting