The Community Foundation of Carroll County (CFCC) is a charitable public foundation, established by community stakeholders throughout Carroll County, Iowa.
The CFCC was founded to distribute funds provided by the State of Iowa County Endowment Fund Program to benefit the citizens of Carroll County through community grants. This program distributes a percentage of the state’s gaming tax revenue each year to the counties in Iowa that do not have state issued gaming license facilities. These funds, to be used for charitable purposes, exceed six figures annually. Seventy-five percent (75%) of those funds are given in grants each year for purposes of benefiting citizens of Carroll County, Iowa and our affiliated foundation, the Sac County Endowment Foundation. The remaining twenty-five percent (25%) of the funds go into a permanent endowment fund to advance charitable causes in Carroll County and Sac County.
Additionally, the CFCC receives funds from the Grow Greene County Gaming Corporation. These funds are also to be granted for the benefit Carroll County citizens. Grow Greene County Gaming Corporation receives the funds through a generous agreement with the Wild Rose Casino which allows for a percentage of its gaming profits to be used to benefit Greene County and its contiguous counties (including Carroll County). Such funds are included in the amounts granted for charitable purposes by the CFCC annually.
To date, the funds have been used for educational, cultural, and aesthetic purposes, mental and physical health benefits, public safety, housing, recreation, and most any other benefit that the citizens of Carroll County can envision. Grants have been given to fund handicapped accessibility, basketball courts, bike trails, community kitchens, mental health assistance, housing, animal shelters, equipment purchases for fire, police, and emergency personnel, libraries, children’s programs, toys, school necessities, public pools, pre-school programs, health screening, CPR training, local beautification programs, and much, much more.
The CFCC administers endowment funds for a wide variety of groups and organizations. These funds are designed to take advantage of the Endow Iowa Tax Credits provided by the State of Iowa to encourage charitable giving. The CFCC is one of only seventeen foundations statewide authorized to administer funds eligible for the Endow Iowa Tax Credits. Charitable funds administered by the CFCC, such as Endow Manning and the Coon Rapids-Bayard Endow Iowa Educational Corporation, have significant impacts on their communities.
By gifting to an eligible Endow Iowa Fund or Foundation, the donor is entitled to apply for a twenty-five percent (25%) credit against their Iowa income tax. This is a program that has been in existence since 2003. The tax credit directly reduces the donor’s Iowa tax liability. This tax credit reduces state income taxes on a dollar-for-dollar basis, unlike a tax deduction which only reduces taxable income. Such tax credits are an impressive tool for increasing charitable giving and provides the donor larger tax benefits with their donation.
Please feel free to contact the Administrator at Trustdepartment@MidwestHeritiage.com or you can call Midwest Heritage at 712-792-9772 and ask to speak with Ann, Ben, or Jenni to ask about the Endow Iowa Tax Credit, about grant opportunities, or on how set up a charitable or endowment fund. The CFCC operates throughout the State of Iowa and is excited about increasing charitable giving.
Stacie Tonniges, President
Brian Johnson, Vice President
Sharday Wissler, Secretary
Charles Nixon, Board Member
Jon Heim, Board Member
Chris Danner, Board Member
Brad Pick, Board Member
Sondra Rierson, Board Member
Ben Lorenzen, Board Member
Please email Trustdepartment@MidwestHeritage.com for additional information.
