Why a Community Foundation

family on couch
The Community Foundation of North Lee County is a component fund of the Community Foundation of the Great River Bend.  Its purpose is to improve the quality of life in Greater North Lee County through philanthropy. The Community Foundation connects donors with their passions, fosters links between community organizations and convenes local leaders to promote the common good.

You can make a difference with the charitable dollars you invest in our community. The Community Foundation helps donors connect with causes they are passionate about, create personal legacies and meaningfully give back. We provide expert advice, professional management of charitable dollars, maximum tax savings and strong connections to hundreds of local charities.

We work with individual donors, families, businesses and organizations to establish endowment funds that will benefit the community forever. Support causes that are important to you by establishing a charitable fund at the Community Foundation.

Community Foundation funds provide many benefits:

  • You recommend grants to your favorite charities. Gifts from your fund will be made in your name or the name you choose for your fund.
  • You receive immediate tax benefits, but can give over time.
  • Your assets grow through investment, allowing you to give more.
  • You can establish an endowment as a legacy that will support the community in perpetuity.

10 reasons why

  1. We are a local organization with deep roots in the community.
  2. Our professional program staff has broad expertise regarding community issues and needs.
  3. We provide highly personalized service tailored to each individual’s charitable and financial interests.
  4. Our donor advised funds help people invest in the causes they care about most.
  5. We accept a wide variety of assets, and can facilitate even the most complex forms of giving.
  6. We partner with professional advisors to create highly effective approaches to charitable giving.
  7. We offer maximum tax advantages under state and federal law, including access to Endow Iowa Tax Credits, a 25% state tax credit in addition to normal federal deductions for certain charitable gifts.
  8. We multiply the impact of gift dollars by pooling them with other gifts and grants.
  9. We build endowment funds that benefit the community forever and help create personal legacies.
  10. We are a community leader, convening agencies and coordinating resources to create positive change.

Community Fund History

FrederickHGoff

Banker and lawyer Frederick H. Goff was a “move and shaker” in Cleveland before that phrase became part of the American lexicon. Today, 89 years after his death, the moving and shaking that Goff began with his revolutionary idea have become a benevolent worldwide rumble. And its greatest reverberations are still here in his adopted home town.

Goff was already an elite professional and the former mayor of what had been the city of Glenville, Ohio when he hatched the idea of a “community trust”.

His vision was to pool the charitable resources of Cleveland’s philanthropists, living and dead, into a single, great, and permanent endowment for the betterment of the city. Community leaders would then forever distribute the interest that the trust’s resources would accrue to fund “such charitable purposes as will best make for the mental, moral, and physical improvement of the inhabitants of Cleveland, Ohio.”

From that revolutionary idea, The Cleveland Foundation was born on January 2. 1914. Within weeks,the foundation began reshaping the way community members care for one another not just in Greater Cleveland area, but around the nation and the world.

The foundation had also spawned a global movement. Within five years, community foundations had sprung up in Chicago, Boston, Milwaukee, Minneapolis, and Buffalo, New York.

Now, more than 700 community foundations in the United States collectively manage more than $48 Billion in assets and distribute some $4.5 Billion a year to community needs. Moreover, the idea has emerged: Some 1,700 community foundations now exist worldwide.

"Through his estate, Ed wanted to provide for his family and give something back to the community."

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Did You Know?

Grants from the Isabel Bloom Fund will further the education of local children and art instructors, foster greater appreciation of the visual arts and help enhance the quality of life in the Quad Cities.
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