What is an endowment?
When you create a charitable fund through the Community Foundation of Northeast Iowa, you have the opportunity to benefit the community forever with a permanent endowment. Your gift is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift, and all future earnings from your gift, is a permanent source of community capital, helping do good work today and in the future.
Legacy and Stability
Donors who endow their gifts can make a difference in their community during their lifetime and, at the same time, provide a gift that lasts forever. Grants will continue to be made in the name of the fund you establish so that your charitable wishes are preserved, even if an organization receiving grants ceases to exist in the future.
Leaders of a nonprofit organization may also look to the Community Foundation to hold their organization's endowment because they know that having a constant source of funding helps them respond to emergency needs as well as plan for the future and sustain the good work they do.
When donors or nonprofit organizations work through the Community Foundation to achieve their charitable goals, they benefit from the expertise of experienced local staff, community leadership, and investment management.