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2/6/2008

The 2006-2007 County Endowment Fund Program Report Has Been Released With Information on 85 Organizations.

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Community foundations in the eighty-five Iowa counties that do not hold a state issued gaming license are impacting their communities in more ways than one. As part of the County Endowment Fund Program, these countywide community foundations provide grants to charitable projects and programs impacting all areas from health services and programming for youth, to environmental causes and community betterment. Details from the second year of this program are outlined in a report recently released by the Iowa Council of Foundations (ICoF) and the Iowa Gaming Association (IGA) titled “Building Iowa’s Communities Through Philanthropy: A Snapshot of the 2006-2007 County Endowment Fund Program.” This report provides an overview of the County Endowment Fund Program as well as special grantmaking information for each of the counties involved. Information highlighted was compiled based on reports submitted to the ICoF and the Iowa Department of Economic Development by participating community foundations (beginning in August 2007).

The County Endowment Fund Program, funded by a percentage of the state’s commercial casino gaming tax revenue, is helping these qualified community foundations serve as a catalyst for additional philanthropic giving to maximize their impact in their communities. “These foundations exist to support their communities today and tomorrow by focusing on endowment building. In just two short years, we have seen the assets of these 85 organizations grow from $16.6 million to more than $33.6 million. This growth is a testament to the community foundations’ commitment to building strong foundations for our collective future,” said Angela Dethlefs-Trettin, Director of the Iowa Council of Foundations. 

Some Highlights in the Report:




  • 1,633 grant awards were distributed by participating community foundations through the Program

  • Grant awards from the Program in the 85 counties totaled more than $4.3 million

  • The Program generated 2,532 grant applications seeking funding of approximately $14.5 million

  • Grants awarded were classified as 62% capital related with 38% focused on program aspects of projects
“Building Iowa’s Communities Through Philanthropy: A Snapshot of the 2006-2007 County Endowment Fund Program” provides breakdowns for each of the 85 participating counties highlighting the grants awarded through the Program as well as general characteristics of the foundations. It is important to note that the County Endowment Fund Program serves as a catalyst to inspire many other sources of lifetime and planned gifts within each of the counties; it promotes effective philanthropy and will continue to make a positive impact for years to come. “It is truly inspiring to see the positive impact that the County Endowment Fund Program is making in Iowa,” said Wes Ehrecke, President of the Iowa Gaming Association. “So many citizens are benefiting from the grants provided from these growing community foundations and everyone should be excited to see what the future holds for our state’s charitable projects and programs.”

The publication is available for download on the ICoF’s website for Community Foundations (www.IowaCommunityFoundations.org) and the Iowa Gaming Association’s site (www.iowagaming.org).  In addition, members of the media are encouraged to contact their local community foundation representative to learn more about the impact of their community foundation and the County Endowment Fund Program.

Contact:
Angela Dethlefs-Trettin

Director, Iowa Council of Foundations
515.537.6956
ADTrettin@IowaCouncilofFoundations.org
www.IowaCouncilofFoundations.org
www.IowaCommunityFoundations.org

Wes Ehrecke
President, Iowa Gaming Association
515.267.9200 or 1.888.327.0384 
wese@Iowagaming.org
www.iowagaming.org

Download PDF:

http://iowagaming.org/support/upload/docs/2-6-08.pdf

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