What is the advantage of donating to the Endowment Fund?
The Endowment Fund is a permanent fund, where the initial gift or investment remains forever, with 5% being paid out each year from the interest earnings. Donors choosing to endow their gifts will have access to the Endow Iowa Tax Credits allowing taxpayers an additional 20% Iowa tax credit in addition to the normal state and federal charitable income tax deductions. The endowed gifts can make a difference during the donors lifetime and, at the same time, provide a gift that will last forever.
Related Questions
- Why are the capital gains for the Wells Fargo Advantage Precious Metals Fund and Wells Fargo Advantage Small Cap Growth Fund larger (as a percentage of the Funds’ NAV) than the distributions for other funds?
- If the Foundation successfully establishes an endowment fund to take care of the Park will the town cease to support the Park financially?
- What is the advantage of donating to the Endowment Fund?
