Categorized | Local News

Community Endowment Receives State Award

Posted on 26 December 2013 by KWBG

BOONE, Iowa—At the end of the calendar year, the Boone County Community Endowment and 84-similar agencies across the state receive the proceeds from the state on a portion of gambling receipts.  There are 85 counties that do not have legal gambling and the General Assembly in 2004 set up the program to promote the formation and development of county foundations.  This years allocation is $132,327.  Only a portion may be used for the Boone County Community Endowment Grant Awards with a smaller portion retained for growth of the Boone County Community Endowment.

The grant program is probably the most recognized part of the Boone County Community Endowment.  It actually began in 2006 and last year resulted in the awarding of more than $92,000 in grants to 20 Boone County organizations.  Not all the organizations were able to complete their projects, but some like Habitat for Humanity of Boone and Greene Counties applied the grant to their helping hands housing rehabilitation program.  Several grants were a small part of a larger fund raising effort for some of the organizations.  Since 2006, Boone County Community Endowment has distributed more than $621,000 to organizations.

The application process for the 2014 Grant Awards is already under way.  Information is available at this site.  One application has apparently already been submitted for consideration in 2014.

In the last three years, an effort was made to grow the family of funds through affiliation.  The biggest benefit is the Endow Iowa Tax Credits that are available.  Rich Wrage with Iowa State University Extension and Outreach has said a number of endowments have become affiliated with the Boone County Community Endowment and the hope is that trend will continue.

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