Building for Your Department's Future - Starting With a Firm Foundation

Long term financial sustainability for any organization or family starts with a firm foundation. For many nonprofits, that foundation comes in the form of an endowment. As they grow, endowments provide ongoing and increasing annual operations support for your organization.

Think your fire association might want to look into an endowment fund? Consider starting that conversation with your local community foundation. They will be happy to share with you the unique tax advantages of the Endow Iowa program. If you establish your endowment through your community foundation, your donors receive credit for 20% of their donation off their Iowa income taxes in addition to the applicale federal deductability.

Potential donors/sources that may help get your endowment opened include:
1. Current members
2. A designation by your current members of all or a portion of any incentives or call reimbursement arrangement you may have with your city, county or township
3. Retired members
4. Your largest regular donors

To discuss options for communication pieces, campaign plans and more for starting your endowment, contact FlashPoint President Dawn Svenson Holland today.