Endow Iowa Tax Credit
When giving to the JRMC foundation, you may be eligible for a 25% state tax credit through the Endow Iowa program. Endow Iowa is a financial incentive for individual donors, families, and businesses to create or build endowments, thereby giving back to your community with annual distributions, forever.
If you itemize, a $10,000 donation may only cost $4,000.
You may receive the 25% ($2,500) Endow Iowa Tax Credit and federal tax deductions ($3,500) for those in the 35% tax bracket.*
If you do not itemize, a $10,000 donation may only cost $7,500.
You may still receive the 25% ($2,500) Endow Iowa Tax Credit. *
* This is for illustration purposes only. Please contact your tax adviser to determine exact tax benefits.