Create a Fund: Make Your Giving Greater
Ensure Vital Services
Muscatine County depends on the services of important nonprofit organizations to address critical needs in our communities and enhance the quality of life for all residents. Community-minded individuals may donate to any number of charities that have funds within the Community Foundation or create a fund designated for the public charity or governmental unit of your choice. Additionally, nonprofit organizations may set up an organization or agency fund to gain valuable services from the Community Foundation and to accept donations and bequests from a caring community.
Name Your Own Fund
Simplify your charitable giving, have greater impact and gain valuable tax advantages by creating a donor advised fund. You choose your level of involvement by utilizing our granting services and expertise, or recommend the specific nonprofit you want to benefit. We do the work. You get the credit! In many ways, it’s like having your own foundation – only more affordable and with greater tax benefits. Name the fund after a loved one, your family or yourself.
Secure the Future
Endowments are a powerful means of ensuring a bright future for the community you call home. They are collective nest eggs that provide an annual stream of revenue to fund local charitable projects or help sustain important charities. They can transform a community’s future by serving as sustainable resources for many future generations. Create a new endowed fund with the name of your choosing. Or, join with others to contribute to an established endowment fund. Your gift will continue to benefit others for many future generations.
Getting Started
Contact Kelly Rushford, Manager of Programs and Services or Charla Schafer, Executive Director at 563-264-3863 for additional information or to establish a fund.
How Much is Needed for a Fund
Endowments:
- Contribute $10,000 or more for your specific charitable purpose or areas of greatest need
- Contribute $1,000 with a promise to build the endowment to at least $10,000 in ten years
Charitable (Non-endowed) Funds:
- Contribute $2,500 or more for your specific charitable purpose or areas of greatest need
Use any of a number of assets for a charitable tax deduction and/or tax credit:
- Cash
- Insurance
- Real estate
- Retirement assets
- Securities – stocks, mutual funds, bonds
Services Provided & Fees for Service
Many administrative, financial and investment services are provided to those who choose to have funds within the Community Foundation. A full list of services are available here. A small fee is charged for our full range of services. The annual fee is most often one percent of the quarterly balances, but fees range from one percent to three percent. To review the Community Foundation’s Fee Policy, click here.
Gain a Partner
When you start a fund within the Community Foundation of Greater Muscatine, you gain a partner, advocate and caretaker of the funds you entrust to us. Gifts are irrevocable and become the asset of the Community Foundation. You rest assured knowing the money in the fund is only able to be used in the way in which you designated and specified in the fund agreement.