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Waterloo, IA Permit #707
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of Northeast Iowa
25% State Tax Credit through Endow Iowa Tax Credit Program: Great opportunity for year-end giving - page 3
Established in Waterloo/Cedar Falls in 1956
425 Cedar Street, Suite 310 PO Box 1176 Waterloo, IA 50704 www.cfneia.org
New partners in philanthropy
A Celebration of Community
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Bikes for Kids a success - page 7
Good News Helping you help your community.
Serving 20 Iowa counties
What is your passion?
Honor Someone Special: Give a gift to the Women’s Fund this holiday season! Is there a special woman in your life who deserves to be recognized this holiday season? Do you want to provide support for local women and girls forever?
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of Northeast Iowa Established in Waterloo/Cedar Falls in 1956
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COMMUNITY FOUNDATION
Make a gift to your community by giving to any of our funds online at www.cfneia.org, or simply fill out this form:
Name: Address: Phone: Donation Amount: $
City, State, Zip:
Email:
Please make check payable to name of fund.
YES! I would like to help my community by making a gift to the Black hawk County*: general Community Fund
Waterloo Community Fund
Health and Human Services Fund
Cedar Falls Community Fund
Arts and Culture Fund
Youth and Education Fund
I would like to learn more about CFNEIA, establishing my own fund or other giving options. Please contact me.
*For a complete list of our CFNEIA funds, including all county and community funds, please visit us online at www.cfneia.org.
www.cfneia.org
Please clip this form and mail it with your check to: PO BOX 1176, Waterloo, IA 50704
Sponsored by the members of Women in Philanthropy.
COMMUNITY FOUNDATION OF NORTHEAST IOWA
W men’s Fund Challenge girls. Past recipients of Women’s Fund grants have included Angel House, Beyond Pink TEAM, Family and Children’s Council, Quakerdale, Boys and Girls Club, House of Hope, Girl Scouts of Eastern Iowa and Western Illinois, and YWCA. With an additional $100,000 raised, we will be able to double the amount of grants we can give each year.
This year, the Community Foundation of Northeast Iowa received a $50,000 challenge gift for its Women’s Fund. In response, we started the Women’s Fund Challenge this fall GOAL = $50,000 in new gifts to raise an additional $50,000 for a total of $100,000 to be added to our AMOUNT RAISED by 12/8/10: Women’s Fund. All donations to the $12,110 Women’s Fund will be matched up to $50,000 through the end of the year, AMOUNT NEEDED to reach goal: maximizing the impact of new gifts to $37,890 the Fund.
Additionally, because the Women’s Fund is endowed at the Community Foundation of Northeast Iowa, which meets national standards, donors to the Fund are eligible to receive a 25% state tax credit through Endow Iowa in addition to the normal federal deduction for charitable gifts.
As part of the Women’s Fund Challenge, donors can honor a special woman who has touched their life. A personalized card is then sent to the honoree to notify her of the gift.
Make a difference in the lives of women and girls in our community forever and give a gift to the Women’s Fund this holiday season.
Each year, grants are awarded from the Women’s Fund to projects or programs benefitting Cedar Valley women and
Contact the Community Foundation for more information at (319) 287-9016, or visit www.cfneia.org to give online.v
FOUNDATION STAFF Mary Ann Burk President and CEO Stacy Paul Director of Finance and Operations Carolynn Sween Program Director Alison Parrish Director of Communications Mindy Gress Director of Outreach Julie Schaefer Project Specialist Nicole Stuart Administrative Assistant
BOARD OF DIRECTORS Chuck Shirey Chair Gary Bertch First Vice Chair Dawn Duven Second Vice Chair John Monaghan Treasurer Dr. Kyle Christiason Secretary Dee Vandeventer Past Chair Katy Williams Lois Rupkey-Cohrt Dennis Clark Lori Johnson Jay Bullerman Mark Rolinger Bob Smith Marlene Behn
AFFILIATE REPRESENTATIVES Jim Davies Kip Hauser
EX OFFICIO Greater Cedar Valley Chambers, Chair Waterloo-Cedar Falls Junior League, President Teen Trust Representative
Confirmed in Compliance with National Standards for U.S. Community Foundations
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A New Era of Opportunity for Collaboration and Innovation in Our Community
25% State Tax Credit: Great opportunity for year-end giving
by Mary Ann Burk, President & CEO
With Endow Iowa, you can give and receive.
This season of giving should be a time of reflection—about the great needs that persist in our communities— and action—to be a part of the solution. That is an important part of our work at the Community Foundation of Northeast Iowa. The needs are great and urgent. Too many of our young people do not graduate high school or college ready to succeed in today’s high-tech, rapidly changing world. Too many mothers and fathers struggle to get the training they need to secure a job that supports their families. Too many patients suffer because they can’t get the quality health care they deserve. Too may people are homeless or cannot gain access to critical community services because of limited resources. At a time when the capability of government to solve our most pressing problems is not limitless, foundation grantmaking offers a timely complement to government action. We are entering a new and exciting era of philanthropic growth. The historic commitment of 40 of America’s wealthiest individuals to donate a majority of their fortunes to charity and the proliferation of public-philanthropic partnerships through efforts like the Social Innovation Fund are proving to be an important part of regaining America’s economic strength. How we choose to respond will determine the pace we set and the impact we have in realizing meaningful solutions to our most pressing challenges. Community foundations are on the front lines of this change, leading the charge, demonstrating flexibility, and leveraging relationships and resources to achieve results. The Community Foundation of Northeast Iowa is one of more than 130
community foundations in Iowa working in collaboration with community, state, and national partners to more effectively tackle some of society’s toughest challenges—in education, health care, job training, poverty, natural disasters, and more. Our Community Foundation has invested nearly $5 million over the past year to support a number of organizations and causes to advance the public good including the Bosnian Cultural Foundation, North Cedar Elementary School, the Black Hawk County Sheriff’s office Shadow Boxing: Youthful Offender Diversion program, Youth Sports Foundation, Children’s Cancer Connection, First Children’s Finance, Angel House, Cedar Valley Resource Conservation and Development, and Hawkeye Community College’s Family Literacy Program. Reports are showing many positive effects from these efforts. For example, results from the Family Literacy Program show that children whose parents connect the importance of education and learning tend to do better in school. With the help of a $7,500 grant received from the Community Foundation, the Family Literacy Program enrolled 52 parents in 2009. All parents attended morning classes focused in ABE or GED preparation, and 19 of the 52 parents enrolled completed an instructional level. Seven students met with the Hawkeye Community College admissions counselor, and the Metro Center Transition Specialist was available to help several students explore options beyond their GED graduation. We are proud of the commitment and creativity in this community to find new and better ways to improve the lives of our neighbors in need. The Community Foundation of Northeast Iowa is more determined than ever to strengthen collaboration with our partners-donors, nonprofits, businesses, professional advisors and dedicated citizens-to realize a better quality of life for all. v
Through Endow Iowa, Iowans can give for less. Those who give to endowed funds at qualified community foundations, like the Community Foundation of Northeast Iowa, are eligible to receive 25% state tax credits for their contributions, up to a maximum amount of $100,000 credit per taxpayer, in addition to the normal federal tax deduction for charitable gifts. Since 2003, more than $50 million has been invested in community foundations because of Endow Iowa, improving lives and strengthening communities. By supporting endowed funds, Iowans are ensuring that their gifts will be at work well into the future.
Every year, approximately $4 million in Endow Iowa tax credits are set aside to distribute to those who make gifts to permanently endowed funds at a qualified community foundation, like the Community Foundation of Northeast Iowa. The credits are available on a statewide first come, first served basis, so talk to your professional advisor today about how you can take advantage of this unique opportunity. Or contact us at (319) 287-9106 or e-mail mburk@cfneia.org for more information on Endow Iowa and how the Community Foundation of Northeast Iowa is helping citizens help their community, forever.
What does it really cost to give? With Endow Iowa, a $10,000 gift could cost just $4,000. Federal Marginal Tax Rate
15.00%
25.00%
35.00%
Endowment Gift to Qualified Community Foundation
$10,000
$10,000
$10,000
Less: Endow Iowa 25% Tax Credit* Federal Tax Deduction
$2,500 $1,500
$2,500 $2,500
$2,500 $3,500
Net Cost of Gift
$6,000
$5,000
$4,000
*Based on current tax regulations.
The Power of Endowment YEAR 1 Establish a Named Fund $10,000 gift
Initial gift has been invested:
YEAR 25
YEAR 15 $9,000 in cumulative grants and services from fund $16,000 fund balance
$19,000 in cumulative grants and services from fund $23,000 fund balance
1 TIME
Assumes a 4.5% annual payout and an 8.5% rate of return. This is for illustration purposes only. The Community Foundation currently allows a 4% annual payout.
2 TIMES
YEAR 50 $66,000 in cumulative grants and services from fund $57,000 fund balance
6+ TIMES
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New 3rd Quarter Partners in Philanthropy The Community Foundation is committed to cultivating strong communities across Northeast Iowa and beyond by growing our permanent endowment. We are pleased to announce the following funds were established July 1-September 30, 2010 in support of this mission: ROBERT L. AND FLORENCE L. CAPPS FUND
Howard county historical society fund
Agency Non-Endowed Fund
Agency Endowment Fund
This fund was established at the bequest of Florence Capps in memory of her husband, Robert. The fund will benefit the Waterloo Public Library in Waterloo, Iowa.
The Howard County Historical Society established this fund through the Howard County Community Foundation. Grants from the fund will support the charitable activities and purposes of the Howard County Historical Society.
GENE DRAPE FAMILY FUND Donor Advised Fund This fund was established through the Bremer County Community Foundation in honor of the Gene Drape Family. Recommendations for grants from the fund will be made by the Drape Family.
Friends of the melbourne library FUND Agency Endowment Fund Established through the Community Foundation of Marshall County, grants will be made to support the charitable activities of the Melbourne Library in Melbourne, Iowa. The Melbourne Public Library’s mission is to be committed to providing access to information and ideas for all.
north iowa vocational center endowment fund Agency Endowment Fund The mission of North Iowa Vocational Center (NIVC) of Mason City, Iowa, is to empower individuals with disabilities to achieve competitive employment through a strong commitment to business and training opportunities. To continue this mission, NIVC established this fund through the Cerro Gordo County Community Foundation. Grants from the fund will support the organization’s charitable activities.
“Celebration of Community” event kicks off Community Foundation week, thanks donors The Community Foundation of Northeast Iowa kicked off National Community Foundation Week with a celebration of community giving November 12th at the Isle Casino Hotel in Waterloo. Over 200 of Northeast Iowa's most prominent philanthropists, business leaders, nonprofit agency staff members and city officials attended. The evening’s program featured messages from Mary Ann Burk (President/CEO), Chuck Shirey (Board Chair), Kip Hauser (Floyd County Community Foundation representative), Jack and Shirley Geist (CFNEIA donors), Danny Katz (Waterloo Community Playhouse), Sheriff Tony Thompson (Shadow Boxing program), and Rocio Ayard Ochoa (former Teen Trust alum and scholarship recipient). As the evening came to an end, Mary Ann Burk reminded guests that the Community Foundation is a place for all to
Jack and Shirley Geist have maintained a donor advised fund with CFNEIA for the last 10 years.
give. “If you have a desire to make the community a better place, we have a way to help you make it happen.” v
Sullivan building foundation fund Agency Endowment Fund This fund was established through the Kossuth County Community Foundation. Grants from the fund will support the charitable purposes of the Sullivan Building Foundation of Algona, Iowa. Algona’s Louis Sullivan-designed building, one of only eight such architectural masterpieces in the Midwest, is listed on the National Register of Historic Places. This historic building is home to the Algona Area Chamber of Commerce.
veridian credit union fund Melbourne Public Library in Melbourne, Iowa.
Richard and janice helgeson family FUND Designated Fund Richard and Janice Helgeson chose to establish this fund through the Winneshiek County Community Foundation in honor of their family. Grants from the fund will be made to benefit the maintenance and upkeep of the Decorah Parks in Decorah, Iowa.
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Donor Advised Field of Interest Fund Veridian Credit Union, of Waterloo, Iowa, established this fund to make financial education and inclusive community grants. These grants target programs that improve the financial knowledge of adults and/or children and that integrate persons with disabilities, persons of modest means or low income, and Latino immigrants into the broader community. Support the causes you care about by starting a fund or making a year-end gift to one of our established funds at the Community Foundation. For more information, call (319) 287-9106 or visit us at www.cfneia.org!
Ray Boots, Helen and Marvin Schumacher, and John and Stacie Monaghan have all contributed significantly to the CFNEIA. The Schumachers are longtime philanthropists with the Bremer County Community Foundation, one of CFNEIA’s 27 affiliates across Iowa. John Monaghan currently donates his time as 2nd vice chair of CFNEIA, and John and Stacie established a family fund in 2009.
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A personal approach to year-end giving: Donor Advised Fund
Adams remembers wife, community Don Adams chose to create a donor advised fund with the Buchanan County Community Foundation, an affiliate of the Community Foundation of Northeast Iowa, in memory of his wife Edna.
Opening a Donor Advised Fund through the Community Foundation of Northeast Iowa allows you to make a year-end gift to the Community Foundation, then remain actively involved in suggesting uses for the gift. How it works • You make a gift to the Community Foundation — you can give cash, appreciated stocks, real estate, or other assets. • We set up a special fund in your name, in the name of your family or business, or in honor of any person or organization you choose. • You receive tax benefits in the year the gift is made. • You recommend uses for the fund — working with our staff to support the causes and organizations you care about most. • Your recommendations are presented to the Community Foundation board for approval. • We handle all the administrative details and issue grants to charities in the name of the fund you establish (if preferred, grants can be made anonymously).
The Jackson Family of the Steve and Terri Jackson Family Fund
The gift can be placed into an endowment that is invested over time. Earnings from the fund are used to make grants addressing community needs. The gift — and all future earnings from the gift — is a permanent source of community capital, helping to do good work forever. Contact the Community Foundation for more information or to set up a fund at (319) 287-9106. v
Northeast Iowa Funders Network Honored Mary Ann Burk, President & CEO of the Community Foundation of Northeast Iowa, was presented an award on behalf of the Northeast Iowa Funders Network at the Iowa Nonprofit Summit held November 15-16 in Ames. The Summit brought together more than 600 leaders of nonprofit organizations from across the state to discuss management, fundraising, training, governance and other issues. As part of the Summit, organizers presented five individuals and non-profit organizations with awards honoring their work. Award winners included the Northeast Iowa Funders Network, an emerging collaborative of six county community foundations, four of which are affiliates of the Community Foundation of Northeast Iowa. The Network comes together to identify and support strategic needs in the region that includes Allamakee, Clayton, Chickasaw, Fayette, Howard and Winneshiek counties.
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Each year, Don makes recommendations for grants from his fund to continue their dream of giving back to the local Buchanan County area, where they were born and raised, now and in the future. Don and Edna Adams
In 2010, the Funders Network leveraged both leadership contributions and financial contributions to assist the Northeast Iowa Food and Fitness Initiative and the creation of the Farm to School Cross-Age Teaching Folios promoting local foods. The Funder’s Network grant of $9,720 impacted more than 1400 children and families in school communities across a six-county region, and leveraged more than $18K. The return on investment for the inaugural project was 2:1; and will be followed by other grants to projects which benefit the six counties and leverage state, federal or private dollars. Community Foundation representatives serving on the Funders Network include Tom Ridout and Craig Mosher, Winneshiek County; Roger Halvorson, Clayton County; Matt Erickson, Allamakee County; Peggy Kittelson, Fayette County; Cindy Lantow, Chickasaw County; and Elaine Govern, Howard County. They are assisted by Mindy Gress, of the Community Foundation of Northeast Iowa, and M.J. Smith, of the Community Foundation of Greater Dubuque. v
Don and Edna (Kress) Adams were both born in Quasquenton, Iowa, and lived within 2.5 miles of each other their entire childhood. After High School, Edna completed a one-year program at Henager’s Business College. Don attended one year of college in Ames, Iowa, prior to joining the Marines. On August 12, 1944, Don and Edna were married at the Methodist Church in Waterloo, Iowa. Don was drafted
into the Army shortly after they wed to serve in the 101st Infantry under General Patton in Germany from 19441946. While Don’s was away, Edna worked for the VA Administration and part time in a bakery. In 1952, after living several years in Wyoming, Don and Edna move to Salt Lake City, Utah. Edna’s parents gifted her and her three siblings with Phillip Morris stock they had purchased many years ago. They impressed upon them the values of investing wisely and saving for their future. So for 30 years, Don was an interstate trucker while Edna was the homemaker and investor of the family. For many years, Don and Edna owned a travel trailer and traveled extensively. “We went all over, all of the time,” said Don. “She loved to go.” They would visit Buchanan County, where much of their family lived, every year until Edna passed away in February of 2007. Upon Edna’s passing, Don moved back “home” to be closer to family. Don is very involved in his community and currently serves on the board of the Quasqueton Historical Society. Edna’s legacy will live on forever through the fund Don established in her memory. v
Bikes for Kids program a big success Imagine yourself as a child walking into a room filled with brand new bikes lining the walls. Imagine how excited you would feel when you realized one of them was for you!
Programs like “Bikes for Kids” leave children happy, parents appreciative and the satisfaction of know the community is a spreading joy one set of handlebars at a time. v
71 children had the opportunity to experience this feeling June 19, 2010, at the Variety’s “Bikes for Kids” Program. With the Community Foundation of Northeast Iowa’s $2,500 Matching Challenge Grant, granted in December 2009, Variety surpassed their goal to award 50 bikes to children in the Waterloo area, by awarding a total of 71 bikes, helmets and locks. Bikes went to students who attend Waterloo’s Kittrell and Lincoln Elementary Schools whose families did not have the funds to purchase a bike otherwise. Several children received their very first bike.
www.cfneia.org
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