Keokuk Area Community Foundation

1. Keokuk Area Community Foundation For Good! For Ever! P.O. Box 367 701 Blondeau Keokuk, Iowa 52632 Phone: 319-795-1407

2. We at the Keokuk Area Community Foundation believe that you are important to those you meet and those whom you may never meet.

3. What We Do At the Foundation • We receive charitable gifts and grants from donors which are invested in an endowment. • Non-Profit Organizations, Charities, Churches, and Educational Institutions in the Tri-State Area are partially funded from the income from these Endowments.

4. At the Keokuk Area Community Foundation We Build, Protect and Preserve. Build endowments so we might give to non-profit organizations (through grants) in the manner the donors desire. Preserve financial resources for future use. Protect that which we hold in trust. By Building, Preserving, and Protecting partnerships are created between the community and non-profit organizations, charities, schools and churches.

5. Since 2005,The Keokuk Area Foundation has grown the funds we hold in trust to $1,200,000+ • Careful investing and new gifts\contributions have enabled the funds to DOUBLE since 2009! • The Greater Cedar Rapids Community Foundation counsels us and helps us to invest and manage the funds we hold in trust.

6. Funds from families and individuals at the Keokuk Area Community Foundation • Many individuals and families have established endowments and KACF holds in trust over $500,000 from these families. • 5% of the income is given annually from these funds to non-profit organizations.

7. These organizations have asked KACF to hold funds in trust for them as a permanent endowment... The Grand Theatre Corporation Foundation The Keokuk Area Hospital Foundation The Keokuk Schools Foundation The Keokuk YMCA The Keokuk Library Three Rivers Conservation Association Foundation

8. Since 2005, we have awarded $276,954 in grants to 44 non-profit organizations, charities, churches and schools.

9. Why Should a Family, Individual or Business Establish an Endowment for the Keokuk Community Area Foundation? To direct your charitable giving today and forever! The Foundation will always insure that your charitable intent and interests are preserved and maintained for generations. To preserve wealth that you desire to give (after your have met you obligations and commitments to your family and friends) to worthwhile organizations as a charitable and philanthropic gift.

10. Endow Iowa • A research study from 1998-2002 by the Community Vitality Center at Iowa State University, projected the generational transfer of wealth from 2000 to 2049. • In Iowa, that estimated wealth transfer is $531 billion! • These projections were based on the recorded wealth transfer during 1998 through 2002, the demographics of each county, and an assumed growth rate of the nation’s economy of 2%.

11. Endow Iowa Endow Iowa was created to enhance the quality of life for the citizens of this state through increased philanthropic activity by encouraging new investments to existing community foundations and facilitating the creation of new community foundations.

12. Projected wealth transfer in Lee County, Iowa: 2000-2049: $531,712.1(in millions)

13. Endow Iowa • Governor Terry Branstad signed bill SF302 into law on May 12, 2011 which raises the base amount of the Endow Iowa tax credit program by $800,000. • The increase will provide approximately $4.5 million in Endow Iowa tax credits annually. This addition to the base amount of credits available is a tremendous incentive for taxpayers to leverage more than $18 million per year in permanent endowment funds established at community foundations. • These endowment funds will support many kinds of charitable projects and nonprofit organizations statewide for years to come. 

14. Endow Iowa andKeokuk Area Community Foundation • This credit offers taxpayers a tax credit against taxes imposed in Iowa in addition to the normal charitable income tax deductions for your charitable gift to the Keokuk Area Community Foundation, a 501 (c) (3) non-profit charity and foundation. • The charitable gift must be given to a qualified community foundation for a permanent endowment or an endowed fund (including a Donor Advised Fund). • For the benefit of one or more Iowa charitable causes: non-profits, educational institutions, churches and funds can be given by individuals, families, corporations, a business or a financial institution!

15. The Iowa Tax Credit 25% of the amount you give to the Foundation and is limited to no more than $125,000 per taxpayer (which is the maximum credit for a gift of $500,000: 25% of $500,000). Excess credit which you are unable to use in the current tax year can be carried forward for up to 5 years. You can make as many gifts as you desire in a particular year as long as you do not exceed the $125,000 Credit for the year.

16. Donor Advised Funds • A donor advised fund is a means for you and your family to give a charitable gift (and add to it in subsequent years) and then direct income and gifts from the invested fund to charitable organizations and institutions youchoose(and these can be changed each year if you prefer)! • You receive all applicable Federal and State charitable deductions and if you reside in Iowa, the Endow Iowa Tax Credit.

17. Donor Advised Funds How a Donor Advised Fund functions: 1. You give cash, appreciated securities or stocks, real estate or other property to The Keokuk Area Community Foundation. 2. We establish the fund in your family’s name or in the name of whoever you designate. 3. You recommend to the Foundation those charities or institutions that you wish to receive the grant that year, or: 4. You can establish an Endowed Donor Advised Fund and the fund endowment is invested over a period of years and the income of the fund, usually 5% is distributed to those charities you designate.