Today is the last day Washington County residents can take advantage of tax credits available for those making gifts to endowed funds through the Community Foundation of Washington County. Board President of the Community Foundation of Washington County Steve Olson says Endow Iowa is a program that lets people help their communities by making gifts that will have a positive impact for future generations. He says the process is simple – you just need to determine the non-taxable amount you wish to give.
That amount will be worth a 25% tax credit receipt. He says almost two million dollars in tax credits is available in Iowa that can be awarded to those who want to set up an endowment.
Olson adds this endowment can be set up using funds from an IRA account. To find out more information, contact the Community Foundation of Washington County.