Endowed Gifts

Your Gift Can Last Forever

An endowment gift to the Greater Cedar Rapids Community Foundation today provides a brighter picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.

Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at the Community Foundation. The remaining funds are reinvested to ensure indefinite support.

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An Example of How It Works

Couple Smiling Longtime supporters of the Greater Cedar Rapids Community Foundation, Charlie and Susan have two goals: First, they want to make sure the Community Foundation continues to receive support after they are gone. Second, they want to create a lasting legacy for Charlie’s parents.

Charlie and Susan make a $25,000 donation to the Community Foundation, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of Charlie’s parents. Plus, Charlie and Susan qualify for a federal income tax charitable deduction on their taxes.

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Next Steps

  1. Contact Laura Booth, CFRE, 21/64 Certified at 319.774.2367 or laura.booth@gcrcf.org to discuss endowed gifts.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the Community Foundation in your plans, please use our legal name and federal tax ID.

Legal name: Greater Cedar Rapids Community Foundation
Address: 324 3rd St. SE, Cedar Rapids, IA 52401
Federal tax ID number: 42-6053860

Personal Estate Planning Kit

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This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

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