Maquoketa Area Community Foundation
Summary of Funds: Gifts to the Community

The Maquoketa Area Community Foundation (MACF) is a publicly supported, tax-exempt community foundation and grant-making organization serving the greater Jackson County area. Its purpose and mission is to nurture charitable giving, enrich quality of life and promote a sense of community – now, and in the future.While the heart of any community foundation is its unrestricted endowed funds, the MACF is also a catalyst for specific initiatives or purposes. As a result, the Community Foundation also administers a variety of funds representing donors and projects spanning a wide array of charitable interests. If you are considering a charitable gift now or in the future, there are many options to direct your gift according to your areas of interest. Or you may want to create your own fund through a deferred gift or future bequest. The direction of the gift is your decision. The benefit is “witnessing firsthand the difference your philanthropy makes” (D. Ridings, Council on Foundations). If you would like more information about the foundation funds listed below, please contact the MACF office.

UNRESTRICTED (DISCRETIONARY) FUNDS

Unrestricted Funds provide grants to support a broad range of needs, enabling the Community Foundation to respond to the most pressing demands, now and in the future.  These funds provide grants in the following areas: arts & culture, community development, environment, education, health & human services, historic preservation, or any purpose the governing board deems appropriate.

Alta Bailey Fund
Emma Diedrich Fund
Betty Jetter Fund
Verda McLendon Fund
Helen Stoddard Fund
Jackson County Endowment Fund
Hughes Farm Fund
Jackie Jan Fund
General Fund

 

FIELD OF INTEREST FUNDS

Field of Interest Funds are established to support a particular area of interest such as education or community development. The Community Foundation’s board approves grants to nonprofits or projects serving the fund’s specific purpose.

Maquoketa Community School District Education Fund – Created to fund new and improved educational opportunities in the public schools, innovative learning programs, pilot projects, purchases of equipment, permanent collections and tools that are not ongoing operational expenses or a part of a standard school budget. Download more information: (word) or visit the Education Fund page on the Maquoketa Community School District website.

PBnJ – Philanthropy Board in Jackson County – a collaborative effort of the Maquoketa Area Community Foundation and the Jackson County ISU Extension office to engage youth in leadership and philanthropy activities.

Preston Area Betterment Fund – established to promote charitable giving to fund future projects benefitting Preston and surrounding areas.

Youth Fine Arts Activity Fund (Children’s Auditorium Experience) – promotes education in the fine arts for Jackson County area school-age youth, specifically to provide funds for theatrical or musical productions at an auditorium facility.

DESIGNATED & SPECIAL PROJECT FUNDS

Designated & Special Project Funds are established for a specific type of project or the benefit of a nonprofit agency as designated by the donor(s) at the time of the gift.

AW Sunleaf Memorial Fund – for the benefit of the Bellevue High School Jazz Band.

Bernard Rescue Unit Agency Fund – to benefit the Bernard Rescue Unit for building and vehicle expansion or replacement and major equipment purchase or replacement.

Dolly Parton Imagination Library of Jackson County – contributions collected to provide all children living in Jackson County with a collection of books from birth until the child reaches 5 years of age.

Elvira Koski Fund – for scholastic purposes and the public libraries in Maquoketa and Preston, Iowa.

Hughes Farm – a land bequest made by Leo & Madeline Hughes to benefit Sacred Heart Church, Maquoketa, IA; St. Patrick’s Catholic Church, Delmar, IA.; the Salvation Army in Jackson or Clinton Counties, and the Maquoketa Area Community Foundation.  The Community Foundation’s proceeds are to be split between a scholarship fund in memory of Leo & Madeline Hughes, with the remainder to be used at the Board’s discretion.

Hurstville Interpretive Center Fund – for ongoing needs of the Hurstville Interpretive Center.

Jackson County Sheriff’s Department AED Fund – contributions are accepted for the purchase of AEDs.

Jackson County Sheriff’s Department K-9 Fund – contributions are accepted for the acquisition of a K-9 to detect controlled substances, tracking and other police-related purposes.

Janssen Fund – for the benefit of the Jackson County Historical Society.

Maquoketa Area Recreation Center (Maquoketa Area YMCA) Fund – capital pledges made for the construction of an Area Recreation Center located in Maquoketa.

Maquoketa Art Experience – a project aimed to revitalize downtown Maquoketa, Iowa
by supporting the development of a thriving arts community.

Mount Hope Cemetery Fund – for its maintenance and preservation.

Mount Hope Mausoleum Fund – for its maintenance and preservation.

Preston Library Fund – for capital improvements of the public library.

 

AGENCY ENDOWMENTS

Agency Endowments are established to support a specific nonprofit organization or purpose.  These funds are a simple, efficient way to create sustainability and support the nonprofit’s mission in perpetuity.

Bellevue Public Library Endowment
Bernard Rescue Unit Endowment
Hospice of Jackson County Endowment
Hurstville Interpretive Center Endowment
Maquoketa Area YMCA Endowment
Maquoketa Community School District Education Fund Endowment
Ohnward Fine Arts Center Endowment
Sacred Heart School (Maquoketa) Endowment

 

ENDOW IOWA Tax Credit – Gifts that Give Back

As of January 1,2010, donations to qualified endowment funds held at Iowa Community Foundations entitle the donor to a 25% tax credit of a qualifying gift.  When you donate to a permanently endowed fund at a qualified community foundation, you’re not only helping today – you’re building a stronger community tomorrow.  While that in itself is gratifying, with Endow Iowa, you’re rewarded for giving.  You’ll be eligible to receive a 25% tax credit for each donation, in addition to any federal tax benefits you may qualify for.

With Endow Iowa, donations to community foundations cost donors less. 
For example, a $5,000 gift could cost just $2,000.*

Gift: $5,000
Tax Credit: $1,250
Federal Deduction: $1,750*
Total Tax Savings: $3,000
TOTAL COST OF GIFT: $2,000*
*Based on 35% marginal federal tax rate

We can help you get the most and do the most for your community with gifts of any size.  To learn more, please contact the Maquoketa Area Community Foundation or visit the Endow Iowa page on the Iowa Department of Economic Development website.
http://www.iowalifechanging.com/endowiowa/default.aspx

 

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