PRESS RELEASE--
Nonprofits across our region are receiving critical funding this month thanks to more than $343,000 in grants from the endowment funds hosted by the Clayton County Foundation for the Future.
“The Foundation is here for our community now and forever, and the organizations receiving these grants are our partners. They help us understand local needs and drive lasting change to ensure all people can thrive,” says Emily Sadewasser, the Foundation's executive director. “Endowments provide a sustainable source of funding that allows organizations to realize their missions, embark on new initiatives to meet local needs, and do their best work to support communities.”
The family of funds hosted by the Foundation will grant a total of $343,830 – dollars that organizations can rely on annually for operations, community projects, and many other aspects of their work.
“The Darby’s generosity has really helped to keep the pool up and going,” says Amanda Donlon, City of Monona deputy clerk, who advises the payout of the Darby Family Aquatic Center Endowment. The fund has provided nearly $50,000 to support operations at Monona’s community pool during the past decade, helping relieve the cost burden of the community amenity.
The endowment funds held by the Foundation award grants every spring. This year’s total amount represents an 11% – or $34,000 – increase over last year.
Community foundations are charitable organizations that use philanthropy to improve the lives of people in their geographic region. Nonprofit organizations and community members can create endowment funds at the Foundation to benefit charitable causes. These funds are invested and pay out annually to designated nonprofits, providing a reliable source of income to sustain organizations’ operations forever.
Local generosity makes this possible. Endowment funds held by the Foundation are invested permanently, and the earnings from that investment provide annual funding to address our region’s greatest needs for generations to come.
The Community Foundation also has its own endowment fund, and it leverages payouts to award competitive grants each year. Gifts of all sizes make a difference, and people who give $50 or more to an endowment fund at the Foundation this year are eligible for the generous Endow Iowa 25% state tax credit. To make your gift to an endowment fund, visit dbqfoundation.org/ccff.
The Foundation offers many opportunities to improve quality of life by addressing an array of local issues. To learn more about how you can establish a fund or make a gift that impacts your community, contact Sadewasser at 563-880-6044.
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The Clayton County Foundation for the Future, an affiliate of the Community Foundation of Greater Dubuque, was created with the intention of setting up a perpetual endowment fund that would serve the needs of all of Clayton County. To learn more, visit dbqfoundation.org/ccff.
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The Community Foundation of Greater Dubuque envisions a vibrant and inclusive Dubuque region where everyone can thrive. Since 2002, we have inspired people to give back to their community, and we turn this generosity into lasting change across our region, increasing access to resources and opportunities that help all people succeed.
Visit dbqfoundation.org to learn about the many ways we are building a strong, thriving Greater Dubuque for all.