Tenco Establishes Endow Iowa Account
Friday, March 09, 2018
OTTUMWA-The Tenco Foundation has recently established an Endow Iowa Account with the Community Foundation of Greater Des Moines that provides an avenue to create a perpetual endowment for Tenco and the people with disabilities they serve. Since 2005, Iowans have given almost $200 million to these permanently endowed funds to create lasting good in their communities.
When you donate to the Tenco Foundation Account through the Endow Iowa fund, you are eligible to receive a 25% state tax credit, in addition to any federal tax benefits you may qualify for when making a gift to the Tenco Foundation. This unique program helps you meet your charitable giving goals and provides support for Tenco’s mission for generations to come.
Endow Iowa qualified charitable gifts for the Tenco Foundation must be made through the Community Foundation of Greater Des Moines and can be made by individuals, businesses, corporations, or financial institutions. It becomes part of a permanent endowment fund, with a limited annual distribution to the Tenco Foundation of 5%.