(Des Moines)– Officials with the Iowa Economic Development Authority and the Iowa Council of Foundations today (Wed.) announced approximately $10 million in funding will be distributed to 85 community foundations across the state.
Each foundation will receive nearly $118,000. The organizations will then grant 75 percent of those funds to charitable projects and programs in their counties, with the remaining 25 percent going toward a permanent, unrestricted endowment fund to attract additional donations and a source of permanent funding for charitable projects.
The program is funded in part through state gaming revenues.
Locally, Community Foundations in Buena Vista, Cherokee, Clay, Dickinson, Emmet, Kossuth, O’Brien, Osceola, Pocahontas and Sioux counties were awarded funding through the program.
