Endow Iowa Tax Credit
The Endow Iowa Tax Credit program makes it easier, more rewarding, and more affordable for you to support the animals!
A great way to leave a legacy for homeless pets is through the Animal Rescue League of Iowa's Endow Iowa fund at the Community Foundation of Greater Des Moines. Donors to this fund will receive a state tax credit of 25% of the gifted amount in addition to the normal deductions allowed for charitable gifts. Your gift can improve the lives of the animals, and the Endow Iowa Tax Credit Program offers you generous tax incentives to make it easier for you to give more for less.
More about Endow Iowa Tax Credits -
- A variety of gifts qualify for Endow Iowa Tax Credits including cash, real estate, appreciated securities and outright gifts of retirement assets.
- Tax credits of 25% of the gifted amount are limited to $300,000 in tax credits per individual for a gift of $1.2 million or $600,000 in tax credits per couple for a gift of $2.4 million if both are Iowa taxpayers.
- Tax credits are offered on a first-come, first-served basis, with approximately $6 million available annually statewide. The tax credits can be claimed by individuals, businesses or financial institutions. If the current available Endow Iowa Tax Credits have been awarded, qualified donors will be eligible for the next year's Endow Iowa Tax Credits. The Community Foundation encourages donors to act early in the year to ensure they receive Endow Iowa credits.
Tax credits are limited. To give to the Animal Rescue League of Iowa Endow Iowa Fund, click here to visit the ARL's fund. Visit the foundation website by clicking here and reference the Endow Iowa Fund for the Animal Rescue League of Iowa. Donors are encouraged to consult with tax advisors to review their individual circumstances.
To learn about other ways you can leave a Legacy for the animals at the ARL, click here.
These gifts can have significant tax advantages for you. The following is general information regarding gifts of securities to the Animal Rescue League of Iowa.
Your broker can transfer securities directly from your account into the ARL’s account with U.S. Bank. The contact person for the ARL account is David Pargulski at (515) 971-6199.
All Depository Trust Company (DTC) eligible securities should be delivered to:
DTC Participant #2803
Account Name: Animal Rescue League of Iowa Foundation
Wire to: U.S. Bank
FFC: ISBAN COMPANY A/C #080023580900
If you transfer securities electronically, please notify the ARL of your plans so that we can watch for the gift to appear in our account. Please include your name, the type and number of shares transferred and approximate date. This will help ensure that you receive proper documentation of your gift from the ARL.
Securities must have been held by you for a minimum of one year and one day prior to transfer in order to provide maximum tax benefit. For federal income tax purposes, the gift will be considered a charitable contribution made in the year in which the broker completes the transfer – not the year in which the donor calls the broker and gives those instructions.
The Animal Rescue League of Iowa is a 501(c)(3) nonprofit organization. All donations are tax deductible as allowed by law. The ARL’s Tax ID number is 42-0680427. Thank you for considering a gift of stock to the Animal Rescue League of Iowa.