Waterloo Community Foundation Earns Three-Year Accreditation Renewal
The Waterloo Community Foundation has earned a three-year renewal for their accreditation with the National Standards for U.S. Community Foundations™, an accreditation program created by community foundations for community foundations. National Standards accreditation represents accountability and excellence to communities, policymakers, and the public.
Board President, Wilfred Johnson, says, “Renewing our accreditation is crucial and allows us to continue advancing our mission of addressing needs in Waterloo through philanthropic giving. We are committed to providing sustainable support to our local nonprofits and have demonstrated that by distributing over $1M back into the community in the last 6 years.”
Accreditation provides many donor advantages including the ability to offer Endow Iowa Tax Credits, a 25% benefit on donor’s Iowa tax returns when establishing or donating to a permanent endowment fund at the Waterloo Community Foundation. Qualifying gifts, available to individuals, corporations, financial institutions and organizations include cash, real estate, farmland, appreciated securities and outright gifts of retirement assets. No minimum gift amount is required to qualify and credits are offered on a first-come, first-served basis. Further program details can be found at the Iowa Department of Economic Development or Iowa Council of Foundations websites.
The process for achieving accreditation is rigorous and represents a foundation’s ability to meet and exceed federal and state law requirements.
Dr. Johnson affirms, “Our retiring Director, Michelle Temeyer, and attorney, Mary Rose Shelley, worked diligently toward this Accreditation renewal. Their effort is a reflection of the foundation’s commitment to excellence as we serve the city of Waterloo, our local nonprofits, and our donors.”
To learn about the many gifting opportunities available to improve Waterloo, call or email Erin Tink, Executive Director.