Waterville Community Foundation encourages local giving this holiday season

With the holiday season, giving to those they care about most is at the forefront of most people’s thoughts. For many, this also includes giving to causes they are passionate about as nonprofits in the local community need charitable support to address ever-growing local needs.

Now is a great time to give to the Waterville Community Impact Fund with the Waterville Community Foundation, an affiliate of the Community Foundation of Northeast Iowa. Giving a gift through the Foundation is an easy way to impact the Waterville area and the nonprofits serving the people who live there while also providing unique tax-benefits to the donor. Gifts can be made to the impact fund at fund.cfneia.org/watervilleimpactfund.

“The giving spirit of the holidays and our ‘here for good’ philosophy are a powerful combination for creating transformational change in our communities,” said Terry Gaumer, affiliate development director with the Community Foundation of Northeast Iowa. “There are many different ways to give and charitable giving can be tailored to how you want to make an impact in your community.”

Giving to a fund of the Foundation is one way to make a year-end gift. Donors can search funds across a 20-county region across northeast Iowa, including hundreds of funds supporting specific nonprofit organizations on the Community Foundation’s website at www.cfneia.org/findafund. Generous individuals can also consider creating their own fund with the Foundation, such as a donor advised or scholarship fund, that will impact the community and the causes they care about forever.

Gifts made to permanent endowment funds with a qualified community foundation, like the Waterville Community Foundation, are eligible for a 25% state tax credit on the total value of the gift through the Endow Iowa Tax Credit Program. All qualified donors can carry forward the tax credit for up to five years after the year the donation was made. More information about Endow Iowa can be found at www.cfneia.org/endowiowa.

Important year-end giving dates can be found at www.cfneia.org/who-we-are/stories/yearenddates. Before making any significant gift to charity, the Foundation recommends donors consult their professional advisor to understand the impact on their taxes and to ensure they are maximizing any tax benefits.

For questions or help with year-end giving, contact Terry Gaumer at 319-243-1354 or tgaumer@cfneia.org.

The Waterville Community Foundation is a local organization making grants to organizations creating a stronger and more vibrant quality of life in Waterville and helps people establish permanent funds for the causes they care about in their community. The Waterville Community Foundation is an affiliate of the Community Foundation of Northeast Iowa, a nonprofit committed to creating long-term impact in 20 counties in Iowa.

For more information, contact 319-287-9106 or visit www.cfneia.org. CFNEIA is confirmed in compliance with National Standards for U.S. Community Foundations. More information about the Waterville Community Foundation can be found at www.watervillecf.org.