The 2015 allocation approved by the legislative session is $6 million. To date, the number of 2015 Endow Iowa tax credits awarded is just over $5 million. This number includes the 2014 applications that have been carried over into 2015 and 2015 applications received to date. Donors who wish to qualify for the Endow Iowa tax credits should make their gifts as soon as possible, it is likely the credits will be exhausted earlier than originally expected.
The Endow Iowa Tax Credit report found on the IEDA website has been updated and will continue to be updated weekly on Wednesdays. It can be accessed via this link: www.iowaeconomicdevelopment.com/Community/Philanthropic.
If you have questions regarding the Endow Iowa tax credit, click here.
For more information on how to make donations to the Iowa Legal Aid Foundation, click here.