Community Foundation hands out $18K in grants

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BY PCC STAFF

FORT MADISON - More than $18,000 will be awarded to north Lee County non-profits this year from The Community Foundation of North Lee County after a vote on the annual grant awards.

At its June 6th board of directors meeting, the foundation of North Lee County voted on the grant program for 2019. The Southeast Iowa Regional Riverboat Commission Community Impact Endowment Fund, The Community Foundation of North Lee County Community Impact Fund, and an anonymous donor’s Impact Fund, together generated an available distribution amount of $18,400, all which was granted to non-profit organizations throughout North Lee County.

The associations receiving the grants are: Rotary District 6000 for the Fort Madison Central Park Improvement Project of 2019, Lee County Fair, Denmark Betterment Committee, Fort Madison Public Library, West Point Public Library, Donnellson Public Library, Fort Madison High School Cyber-hounds, North Lee County Historical Society, Fort Madison Food Pantry, Houghton Ball Association, Denmark Fire Association, West Point Volunteer Fire Association, Donnellson Volunteer Fire Department, and the Houghton Volunteer Fire Department.

The Fort Madison based foundation was founded as an avenue for philanthropic citizens to leave a legacy to a charity through a permanent endowment. The organization’s portfolio is made up of 87 funds totaling $16 Million and has distributed just shy of $4 Million to Southeast Iowa non-profits since its 2005 beginning.

The foundation has seen a steady increase in overall assets since it was established, due in part to the Iowa Tax Credit Program. This 25% tax credit is only available when a permanent endowment is created through an Iowa community foundation. To receive this tax credit, the donor’s fund must benefit an Iowa based charity into perpetuity. This credit is in addition to standard State and Federal charitable tax deductions.

The association’s board is made up of the following: Officers: Steve Koellner, President. Jan Woodroffe, Vice President, and Jane Krebill, as Secretary. Joe Kowzan, Tim Gobble, Laurie Breen, Dick Fehseke, Matt Hayes, Jared Reed, Dianne Hope, Josh Denning, Chuck Holmes, and Chad Ward make up the remaining members.

fort madison, grants, iowa, non-profits, North Lee County Community Foundation, Pen City Current

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