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Benton County Community Foundation Encourages Generous Year-End Giving to Local Nonprofits |

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December 10, 2020 – With the vacations and 12 months finish upon us, many are considering of how they can assist others or assist causes they care about. Now is a good time to think about a present to a fund of the Benton County Neighborhood Basis, an affiliate of the Neighborhood Basis of Northeast Iowa. Giving a present by the Basis is a straightforward strategy to affect Benton County communities and the nonprofits serving the individuals who reside there whereas additionally offering distinctive tax-benefits to the donor.

“Calendar 12 months finish is the right time for being beneficiant,” mentioned Terry Gaumer, affiliate growth director with the Neighborhood Basis of Northeast Iowa. “There are lots of alternative ways to provide and charitable giving may be tailor-made to the way you need to make an affect in your neighborhood.”

Giving to a fund of the Basis is one strategy to make your year-end reward. Donors can search funds throughout a 20-county area throughout northeast Iowa, together with a whole bunch of funds supporting particular nonprofit organizations on the Neighborhood Basis’s web site at www.cfneia.org/findafund. Beneficiant people can even take into account making a fund with the Basis, comparable to a donor suggested or scholarship fund, that may affect your neighborhood and the causes you care about eternally.

Presents made to everlasting endowment funds with a professional neighborhood basis, just like the Benton County Neighborhood Basis, are eligible for a 25% state tax credit score on the overall worth of the reward by the Endow Iowa Tax Credit score Program. Roughly $1 million in credit stay of the unique $6 million accessible for 2021. All certified donors can carry ahead the tax credit score for as much as 5 years after the 12 months the donation was made. Extra details about Endow Iowa may be discovered at www.cfneia.org/endowiowa.

Necessary 12 months finish giving dates may be discovered at www.cfneia.org. Earlier than making any important reward to charity, the Basis recommends you seek the advice of your skilled advisor to know the affect in your taxes and to make sure you are maximizing any tax advantages. For questions or assist with year-end giving, contact Terry Gaumer at 319-243-1354 or tgaumer@cfneia.org.

Extra details about the Benton County Neighborhood Basis may be discovered at www.bentonccf.org.

The Benton County Neighborhood Basis is a neighborhood group making grants to organizations making a stronger and extra vibrant high quality of life in Benton County and helps folks set up everlasting funds for the causes they care about of their neighborhood. The Benton County Neighborhood Basis is an affiliate of the Neighborhood Basis of Northeast Iowa, a nonprofit dedicated to creating long-term affect in 20 counties in Iowa. For extra info, contact 319-287-9106 or go to www.cfneia.org. CFNEIA is confirmed in compliance with Nationwide Requirements for U.S. Neighborhood Foundations.

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