What is an Endowment?
Endowments are like a savings account, with the ability to distribute a percentage of the assets each year. Our Hope Ministries Endow Iowa fund with the Community Foundation distributes 5% of the funds to us each year. The remainder continues to grow in value. When you give to our endowment, you’re giving a gift to our future and creating a legacy of compassion toward men, women and children facing homelessness in Iowa.
Why Give to an Endowment?
Endowments are a great way to know that your gift will have a lasting impact! They’re designed for long-term growth. That means your gift today will continue to give—forever.
Gifts to endowments are also a wonderful way to honor a loved one. Their memory will be kept alive by giving a gift in their name every year.
To learn more about leaving a legacy through your endowment gift—and/or find out how to honor a loved one with your endowment giving—please contact our Major Gifts & Planned Giving Manager Fred Hollister at (515) 265-7272 or fhollister@hopeiowa.org.
More about the Endow Iowa Fund
The Endow Iowa Fund is a charitable giving program that encourages Iowans to support permanent endowment funds benefiting local nonprofits—like Hope Ministries. The goal of the program is to create long-term, sustainable funding for Iowa charitable causes for generations to come.
Donations to this fund, managed by the Community Foundation, are eligible for Endow Iowa Tax Credits, providing taxpayers a 25 percent Iowa tax credit in addition to the normal charitable income tax deduction for certain charitable gifts. Please consult your tax advisor for details.