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Home ›Allamakee County Community Foundation awards $91,500 in funding at annual grant award celebration
The Allamakee County Community Foundation (ACCF) awarded $91,500 to area nonprofits Tuesday, April 18 at its annual grant award celebration held at Empty Nest Winery in Waukon. Many of those grant recipients are pictured in the photos surrounding this article.
The ACCF receives funds each year from the Iowa Department of Economic Development County Endowment Program. Seventy-five percent of the money received is granted out each year. The other twenty-five percent is maintained in a permanent endowment with the income to be distributed in future years.
Foundation Coordinator Betty Steege remarked that this program might not be available forever, encouraging people to consider permanent endowment funds. "Endowments are a perpetual source of grant dollars for your organization," said Steege. "Every year these funds pay out to support the missions of causes in our community. Our goal is that someday, these endowment funds will pay back far more than what we get from the state of Iowa."
And Steege's goal is getting closer. This year the ACCF authorized $83,000 in agency and donor-advised endowment payouts to more than 20 local nonprofits. "Endowments form a reliable source of funding for nonprofits," said Steege. "They help them respond to emerging needs as well as plan for the future and sustain the good work they do."
Donors who give to endowments through a community foundation also benefit from the Endow Iowa 25% State Tax Credit in addition to federal charitable income tax deductions.
As an affiliate of the Community Foundation of Greater Dubuque, ACCF also works with its host to strengthen nonprofits by offering a variety of training programs and networking opportunities that build capacities and organizational structures. ACCF regularly evaluates nonprofits to assure donors and the Foundation that funds produce the maximum benefit for improving lives.
The Allamakee County Community Foundation (ACCF) was formed in 2005 as an affiliate of the Community Foundation of Greater Dubuque. The founding members of the organization had a vision to ensure that the local community's charitable programs were supported, both now and in the future. ACCF works together with many individuals, families, business and organizations to establish endowment funds that will provide grant awards for years to come.
For more information on the Allamakee County Community Foundation, visit www.dbqfoundation.org/accf or call 563-586-2046.