Community Foundation of Greater Muscatine sees strong growth; adds Community Foundation of Louisa County as affiliate.
The Community Foundation of Greater Muscatine has seen significant growth in the assets it holds which benefit Muscatine County charitable causes. Since August 31, 2015, the Community Foundation has added $4.2 million in assets, a 31 percent increase. Judi Holdorf, Executive Director of the Community Foundation of Greater Muscatine, attributes this positive growth to the relationships the Community Foundation has built over time. “We have worked hard to earn the trust and support of Muscatine County residents, businesses and organizations. This has resulted in a steady increase of assets over recent years as more funds are established at the Community Foundation and people see the value that we add to their charitable giving and to area charitable causes. Building assets is important to our community and county because these assets serve as resources to address critical needs and enhance quality of life.”
The Community Foundation of Greater Muscatine entered a new stage of growth for the organization when it announced on Monday, September 26, that is has added the Community Foundation of Louisa County as an affiliate foundation. Keith Porter, board president of the Community Foundation of Greater Muscatine, said in a statement, “We are pleased to serve as the host foundation for Louisa County. It’s an opportunity to share our nationally recognized policies and procedures to assist them in their service to their communities. We will also serve as the 501(c)(3) tax-exempt organization providing their donors with the federal charitable deduction and Endow Iowa state tax credit.” Both community foundations will continue to serve as a leading resource for information about charitable giving and community needs in their counties. Even with this expanded relationship, Muscatine County donors are ensured that gifts intended for their charitable interests will stay in Muscatine County. Likewise, gifts made through the Community Foundation of Louisa County will ensure support to Louisa County. “A close relationship has formed between the two organizations not only due to our close proximity, but also during the 2008 flood when we banded together with 14 other nonprofits to serve flood victims for disaster response and recovery,” said Holdorf.
On Monday, the Community Foundation of Louisa County’s Board President Jill Hoben and Executive Director, Paula Buckman joined representatives of the Community Foundation of Greater Muscatine for the signing of the affiliation agreement which officially created the partnership between the two foundations. “I have worked with agencies and nonprofits in both counties in the past and have seen first-hand how they have benefitted from the support of local community foundations. It seems a natural fit for Muscatine and Louisa County community foundations to join forces for the greater good. The Community Foundation of
The Community Foundation of Greater Muscatine is a community-wide, county-wide charitable organization actively working to improve the quality of life in Muscatine County through philanthropy and by adding value to those we serve. For more information about establishing a fund, call the Community Foundation at 563-264-3863 or visit the website at www.muscatinecommunityfoundation.org.