BOONE, Iowa—The Boone County Endowment Fund has received a $135,589 state award for countywide grant making and endowment building. The payment is a result of legislation (House File 2302) passed in 2004 by the Iowa General Assembly. $101,401 will be available for grant making in 2020 and $33,965 has been placed in the permanent endowment.
The legislation which was part of several incentives to promote the formation and development of county foundations in Iowa, provided that eight tenths of one percent of the gross receipts of gambling be distributed to non-gaming counties who established countywide community foundations. There are 83 non-gambling counties in Iowa.
Again this year, the Boone County Endowment Fund will be receiving funds from Grow Greene County. Grow Greene County has a partnership with the Wild Rose Casino in Jefferson and will providing funds to surrounding counties for grant making.
The Boone County Endowment Fund has been working diligently to organize and prepare for the state funds and for other local gifts that will help advance charitable and philanthropic activity in the county. The Boone County Endowment fund is pleased to announce that the application and information is now available at http://www.extension.iastate.edu/boone/news/community-foundation-grant
The deadline for the application is February 7, 2020.
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