The Cerro Gordo County Community Foundation is a public charitable foundation that holds many named funds and channels donor gifts to non-profit organizations in the community. It has local leadership and is supported by individuals, families, organizations, and businesses. The Foundation provides permanent endowments to ensure grants are always available, invests and protects the principal, and distributes earnings via grants. It offers personalized and local giving options to donors.

1. Cerro Gordo
County
Community
Foundation
Helping you help your community.
For good. For ever.

2. What is the Cerro
Gordo County
Community
Foundation?

3. We are:
A public charitable foundation
that…
• Has local, county-wide
leadership
• Holds many named funds
• Is supported by
individuals, families,
organizations and
businesses
• Channels gifts from
donors to non-profit
organizations in the
community

4. The idea is simple.
Anyone can use the
Community Foundation to
give back to their
community.

5. 3 Special
Features
of community foundations

6. ONE: Permanent
 Build endowments to ensure grants are
always available to support the county
 Invest and protect the principal
 Distribute earnings via grants
 Power of variance – redirect funds as
community needs change

7. YEAR 1 YEAR 15 YEAR 25 YEAR 50
Establish a Named $9,000 in $19,000 in $66,000 in
Fund cumulative grants cumulative grants cumulative grants
and services and services and services
$10,000 gift $16,000 balance $23,000 balance $57,000 balance
Initial gift has
been invested: 1 TIME 2 TIMES 6+ TIMES
The Power of Endowment
Assumes 4.5% annual payout and 8.5% rate of return. This is for illustration purposes only. The Community Foundation allows a 4% annual payout.

8. TWO: Personalized
o Educate people on giving options
o Customize giving to match personal
interests/tax needs
o Offer involvement in recommending uses
of a gift
o Create donor legacies via named funds
and donor stories (vignettes)

9. THREE: Local
o Local organization with local Governing
Committee
o Knowledge of local community issues,
opportunities and resources
o Share information with donors

10. Tools
for giving

11. Ways to Give
 Cash, Appreciated  Charitable Gift Annuity
Securities, Real Estate,
A way to make a gift to your
Other Assets 
favorite charity, and still receive
an income for yourself or others.
 Bequests
 Establish fund through your will
 Charitable Lead Trust
 Trust pays charity a fixed amount
for a number of years and then
 Retirement Plans
assets go to beneficiary
 IRA Rollover
 Charitable Remainder Trust
 Insurance
 Trust pays beneficiary for life and
 Community Foundation can be then assets transfer to the charity
named as beneficiary, in total
or even a portion, of your policy

12. Types of Funds
 Unrestricted Fund  Scholarship Fund
 Meets changing community  Benefits students seeking higher
needs education
 Field of Interest Fund  Designated Fund
 Women’s Fund, Education  Big Brothers/Big Sisters Fund,
Fund, Environment Fund, Health YMCA Fund, Habitat for Humanity
Fund, etc. Fund etc.
 Donor Advised Fund  Agency Endowment Fund
 Involving donors in the use of  Used by non-profits to build
their gift permanent financial support for
their organization

13. Cerro Gordo
County
Community
Foundation
Making a Local Impact

14. Community Foundation Facts
 Established in 2005
 Affiliated with CFNEIA, established in 1956
 Current total assets
 CFNEIA approximately $54 million (pooled funds)
 Cerro Gordo County approximately $213,700
 Granted approximately $444,000 since
inception

15. % of Grant Area
Funded
Human Services
Historic Preservation
Health
Environment
Local Impact
Education
Total Grant Dollars
Community Affairs &
Development
Awarded in 2010:
Arts & Culture
$94,606.31
0 50

16. IOWA Benefits
of Giving to a Community Foundation
Endow Iowa
• A 25% state tax credit is available for donations to
permanent endowment funds at qualified
community foundations.

17. What does it really cost to give?
Federal Marginal Tax Rate 15.00% 25.00% 35.00%
Endowment Gift to Qualified $10,000 $10,000 $10,000
Community Foundation
Less:
Endow Iowa 25% Tax Credit* $2,500 $2,500 $2,500
Federal Tax Deduction $1,500 $2,500 $3,500
Net Cost of Gift $6,000 $5,000 $4,000
*Based on current tax regulations. Example illustrated applicable for individuals who itemize deductions.

18. People Giving
Back
Donors Making a Difference

19. How can I get
involved?
We can help you help
your community.

20. Ways to get involved…
Individuals/Families
 Establish a named fund – “Growth Fund”
 Give to an existing fund
 Start a Giving Circle
 Estate planning
 Tell others about us
 Serve on committees/Governing Committee

21. Ways to get involved…
Professional Advisors
 Establish a named fund
 Give to an existing fund
 Educate your clients about the Community
Foundation
 Tell other professionals
 Serve on committees/Board of Directors

22. We are a resource…
Professional Advisors
 Help clients realize their charitable objectives
 Individual expect professionals to discuss all
options
 Significant opportunity may be lost

23. We are a resource…
Professional Advisor Tools
 www.cerrogordoccf.org
 Language excerpts
 Publication with sample agreements
 Local Contact: 641.330.5181
 Administrative office – 319-287-9106
 Will answer questions about forms/materials etc

24. When a person
plants a tree under
which she will never
sit, then you know
that civilization has
come to that land.
Greek Philosopher

25. www.cerrogordoccf.org
Helping you help your community.
For good. For ever.