Story City Friends Endowment formed

Staff Writer
Story City Herald
Story City Friends Endowment formed

Story City is pleased to announce the Formation of Story City Friends endowment. The organization has been established to provide funds for Story City community betterment.

The Story City Friends Endowment is one of Story County Community Foundation’s family of funds.

This is a way for people who love Story City to have an immediate impact on our community and to continue to make a difference after they are gone. A maximum of 5% of the fund may be distributed within the community each year. Recepients would be qualified, charitable, nonprofit organizations in Story City.

The Story City Friends Endowment is an Endow Iowa Fund, which entitles the donors to a 25% Iowa tax credit on the amount of their gift. They are also eligible for normal federal tax deductions for charitable gifts.

“The Iowa Legislature made this tax credit available to reward people supporting Iowa’s charitable causes and for growing endowments that will generate income into perpetuity,” said Jennifer Garst, executive director for Story County Community Foundation.

If interested please call any one of the following board members: Dwayne Fiihr (515-733-4486), Pete Tekippe (515-733-4352), Al Holm (515-733-4993), Karen Hermanson (515-733-2514), Dale Henricks (515-733-2403).