Endow Iowa Changes in 2023
February 6, 2023
The Endow Iowa 25% state tax credit is a unique and important benefit of making charitable gifts through CFNEIA and its affiliate foundations. . The Iowa Economic Development Authority (IEDA), which oversees Endow Iowa, has made changes to the program for 2023. These include a new maximum tax credit and resolving the current waitlist. In order to clear the current waitlist, IEDA will not accept Endow Iowa applications after June 30, 2023.
Due to these changes, the application for your Endow Iowa eligible gift must be received by our office by June 15, 2023 to be eligible for the tax credit. We strongly encourage all donors wanting to take advantage of this program to make your gift and submit your application prior to this deadline to be placed on the 2024 waitlist.
Advocate for More Funding for Endow Iowa
House Study Bill 122 has been introduced by Representative Kaufmann to advance our joint proposal to grow philanthropy in Iowa. This bill includes positive increases and benefits to both Endow Iowa and the County Endowment Fund Program, as well as grantmaking through Qualified Sponsoring Organizations (QSOs).
We hope you will join us to advocate for this bill. We want to prioritize contacting everyone on the House Ways & Means Committee right now. You can find a list of Committee members and their contact information here.
Below you will find information from the Iowa Council of Foundations to help you share your message of how the Endow Iowa 25% state tax credit has impacted your giving and your community. Please use this to contact both those on the Ways and Means committee and your local House representative. You can find contact information for your local representative here.
We hope you will join us by sharing your voice and experience to create more charitable support for our communities through these two unique programs.