The Okoboji Foundation is an affiliate of the Community Foundation of Greater Des Moines. They are a qualified community foundation that provides access to Endow Iowa Tax Credits. Endow Iowa allows taxpayers to receive a 25% Iowa tax credit in addition to normal federal charitable income tax deductions for certain charitable gifts.
The Okoboji Foundation is dedicated to that history and to that future. Our friends and donors share that vision and know it’s important. Through your generosity we have worked for many years to preserve what is wonderful about the Lakes and help ensure its future. The parks, the trails, the water quality, the recreational life here are just part of what we have supported. The Okoboji Foundation has placed itself at the center point of giving in the area.
$250
$2,500
$25,000
$300,000
$750
$7,500
$75,000
$900,000
$277.50
$2,775
$27,750
$333,000
$427.50
$4,725
$47,250
$567,000
- A variety of gifts qualify for Endow Iowa Tax Credits including cash, real estate, appreciated securities and outright gifts of retirement assets.
Tax credits of 25% of the gifted amount are limited to $300,000 in tax credits per individual for a gift
of $1.2 million or $600,000 in tax credits per couple for a gift of $2.4 million if both are Iowa taxpayers.Eligible gifts will qualify for credits on a first-come/first-serve basis until the yearly appropriated limit is reached. If the current available Endow Iowa Tax Credits have been awarded, qualified donors will be eligible for the next year’s Endow Iowa Tax Credits. The Community Foundation encourages donors to act early in the year to ensure they receive Endow Iowa credits.
All qualified donors have five years to use their Endow Iowa Tax Credits.
- Endow Iowa Tax Credits allow donors to have even greater impact on their philanthropic interests in the Lakes Community now and into the future.
We encourage donors to consult with a tax advisor to review their individual circumstances.