JCCF endowment funds pay out more than $63,000

     The Jones County Community Foundation (JCCF) recently announced $63,010 in agency and donor-advised endowment payouts for fiscal year 2018.

     Community foundations are charitable organizations that administer funds to benefit their communities and improve the lives of people in their geographic region. Non-profit organizations and community members can create endowment funds at JCCF to benefit charitable causes. These funds are invested and pay out 5 percent annually to the designated non-profits, providing a reliable source of income to sustain organizations’ operations forever.

     Endowment payouts help non-profits like Jones Regional Medical Center.

     “Proceeds from the Jones Regional Medical Center Endowment Funds help to support hospital programs most in need for our healthcare professionals to continue to provide accessible, quality care for our community, patients and families,” said Sheila Tjaden, community development director at Jones Regional Medical Center.

     Several non-profits like Jones Regional Medical Center have established endowment funds through JCCF. Non-profit leaders look to the Community Foundation to hold their organizations’ endowments because the reliable source of funding helps them respond to emerging needs as well as to plan and sustain the good work they do.

     Donors who give to endowments through a community foundation also benefit from the Endow Iowa 25 percent State Tax Credit in addition to federal charitable income tax deductions.

     “These funds help sustain the crucial missions of nonprofits in Jones County so they can continue to enrich lives in Jones County forever,” said Sherri Hunt, JCCF foundation coordinator. “Each fund is unique to a donor’s dreams for the future of Jones County.”

     For more information about the Jones County Community Foundation, visit www.dbqfoundation.org/JCCF.

 

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