This summer, the Iowa Humane Alliance was awarded the Endowment Challenge Grant from the Community Foundation, which will help the organization establish an endowed fund. The Humane Alliance, which aims to reduce animal shelter admissions and end euthanasia as a form of population control, is in the process of expanding to meet increased demand for services while also planning for long-term sustainability.
The Endowment Challenge Grant matches gifts to the organization at a rate of $1 for every $3 raised, up to $25,000, with up to five years to meet the match. The result is an endowment of at least $100,000, held at the Community Foundation and managed with a long-term time horizon. The goal of the endowment is to preserve value while allowing for an annual distribution.
In Linn County, where individuals, businesses and nonprofits are still grappling with the pandemic and recovering from the derecho, planning for future opportunities and challenges is more important than ever for many organizations.
Currently, seven organizations have active Endowment Challenge Grants at the Community Foundation. They include African American Museum of Iowa, Area Substance Abuse Council (ASAC), Clothe-A-Child, The History Center, Iowa Humane Alliance, National Czech & Slovak Museum & Library, and Red Cedar Chamber Music. To support these organizations, click here.