What is an endowment fund?

Traditionally, an endowment fund is separate from the normal operating funds of an organization.

When you make an endowment gift to Hope Ministries the principal is preserved while your contribution continues to grow along with the collective pool of other endowed donor gifts.  A portion of the annual earnings of our endowment is used to support (supplement) our day to day budgetary needs which include programs, facilities and services for people in our community who are homeless and hungry in our community.

Why is an endowment fund important to Hope Ministries?

Knowing that Hope Ministries is God’s ministry and He is ultimately the one who provides, an endowment fund was established to give individuals and organizations the opportunity to participate in the future sustainability of our mission to rescue those who are homeless, hungry, abused or addicted, providing opportunities for hope, recovery and restoration through the love of Jesus Christ.

Why is the endowment fund important to contributors?

The endowment fund provides a way for contributors to impact the future mission of Hope Ministries and to play a part in providing a solid financial foundation for future generations. Contributors with a “long view” understand that the need to address homelessness and hunger will continue even after they are no longer able to regularly contribute. The endowment fund gives a donor confidence their contributions will work in the long term to further our outreach to those in our community who are less fortunate.

As donors assist in growing our endowment fund, we can be confident in our long-term financial security and sustainability through the ups and downs in the economy and the highs and lows of monthly contributions now and in the future years.

How does the Hope Ministries receive endowment donations?

Donations to our endowment fund come in two forms:

1. Gifts from donors during their lifetime
2. Gifts from donors through a testamentary gift in their will, trust and/or beneficiary designation

What can be used as donations to the endowment fund?

The most common forms of giving include gifts of cash, check, credit card, shares of stock, as well as gifts-in-kind, and even art, jewelry, or other valued items (sorry, no time-shares).

Are endowment contributions to Hope Ministries tax deductible?

Yes.

Can I direct my Hope Ministries donations to the endowment fund?

You can direct any Hope Ministries donation to our endowment fund.  Contact Fred Hollister fhollister@hopeiowa.org to learn more about endowment gifts.

Is there a minimum gift amount required to contribute to any of the Hope Ministries’ endowment  opportunities?

No. Gifts of all sizes and most types are welcomed and important.

What happens after I contribute to an endowment fund for Hope Ministries?

Along with our appreciation, you will receive a statement for use with your tax return.

Why should I consider an endowment gift to Hope Ministries as part of my end-of-life planning?

Consider the fact that the need to care for those who are homeless and hungry will continue beyond your lifetime.

How can I contribute an endowment gift as part of my estate planning?

This website provides a variety of estate and legacy planning options for those who have a charitable intent.  Professional help is also available. There are many tools and vehicles for this purpose, but it doesn’t have to be complicated. For instance, asking your insurance agent to adjust the beneficiary of your life insurance policy to include 1% or 2% for Hope Ministries will make an impact while still providing for family or the primary beneficiary.

Speak with your financial planner or contact us to request assistance from our staff.

How often can I contribute to an endowment fund?

Donors can make gifts at any time to our endowment while they are living and/or by arranging a testamentary charitable gift in their will, trust, and/or beneficiary designation to support our ongoing outreach to those who are homeless, hungry, abused and/or addicted beyond their lifetime.

How do I make a contribution to an endowment fund?
You are invited to click the online links below to make a gift to any one or more of our endowment fund choices as depicted below.

Why does Hope Ministries have four separate endowment fund options?

Our various endowment fund accounts provide a diversified menu of options for donors with different goals, objectives and values.

How do I decide to which of the funds I should donate?

Each of the website donation links below provides additional explanation on each of the options to guide donors in their giving decision.  We are also available for consultation.

Frederick Hollister
Major Gifts and Planned Giving Manager
(515) 265-7272 ext. 1003
fhollister@hopeiowa.org

Kathy Coady
Director of Development & Community Relations
(515) 265-7272 ext. 1017
kcoady@hopeiowa.org

HOPE IOWA ENDOWMENT FUNDS

Hope Ministries Endowment Fund

This fund is managed by Hope Ministries through a third-party professional investment management firm. You can also arrange to make a donation to this fund in person or through the mail, whichever is more convenient to you.

Street Address:
5075 E. University Ave., Suite B
Pleasant Hill, Iowa 50327

Mailing Address:
Hope Ministries
P.O. Box 862
Des Moines, IA 50304-0862

For donations of stock or mutual fund wire transfers, contact Fred Hollister or Kathy Coady as noted above.

Hope Iowa Agency Endowment Fund

This Fund is managed at the Community Foundation of Greater Des Moines.

• The Community Foundation offers agency funds as an opportunity for nonprofits to grow sustainable support. Agency Funds serve as an endowment fund for participating organizations with the Community Foundation providing responsible and professional fund management and investment.

Hope Ministries Endow Iowa Program

This Fund is managed at the Community Foundation of Greater Des Moines. Endow Iowa allows taxpayers to receive a 25% Iowa tax credit in addition to normal federal charitable income tax deductions for certain charitable gifts.

• Endow Iowa Tax Credits are only available to qualified gifts made through a qualified Iowa community foundation, like the Community Foundation of Greater Des Moines.
• A variety of gifts qualify for Endow Iowa Tax Credits including cash, real estate, farmland, appreciated securities and outright gifts of retirement assets.

• Tax credits of 25% of the gifted amount are limited to $300,000 in tax credits per individual for a gift of $1.2 million or $600,000 in tax credits per couple for a gift of $2.4 million if both are Iowa taxpayers. No minimum gift amount is required to qualify for Endow Iowa Tax Credits.
• Endow Iowa Tax Credits are available on a first-come/first-serve basis until the yearly appropriated limit is reached. If the current year’s tax credits have been exhausted, qualified donors are eligible for the next year’s Endow Iowa Tax Credits.
• All qualified donors have five years to use their Endow Iowa Tax Credits.
• Effective August 28, 2018, taxpayers who receive Endow Iowa Tax Credits and itemize on their federal tax returns will be required to reduce their federal charitable deductions by the value of any state tax credit received. There is an opportunity to deduct the full value of the gift if you have not reached the $10,000 state and local taxes (SALT) Cap. We recommend consulting with your tax professionals.

Endow Iowa Tax Credit Illustration

(Source: Community Foundation of Greater Des Moines, 2020)

*In the case of illustration, the examples above do not factor in the federal/state net tax effect. Examples assume the donor is in the 37% tax bracket and plans to claim a charitable deduction on the federal tax return.

WHO TO CONTACT FOR MORE INFORMATION ON OUR ENDOWMENT FUND

For more information about the Hope Ministries Endowment Fund contact:

Frederick Hollister
Major Gifts and Planned Giving Manager
(515) 265-7272 ext. 1003
fhollister@hopeiowa.org

Kathy Coady
Director of Development & Community Relations
(515) 265-7272 ext. 1017
kcoady@hopeiowa.org