Endowments

Donations for operations continue to be extremely important, and contributions to the Octagon Endowment ensure the future of the organization. The Octagon Endowment Fund is comprised of the Endow Iowa Fund, a general Operational Fund, and Special Program Funds established by community members just like you. 

Octagon Endow Iowa Fund

Donors to the Octagon Endow Iowa Fund may qualify for a 25% tax credit on their Iowa income tax through the Endow Iowa Tax Credit Program. Endow Iowa allows taxpayers to receive a 25% Iowa tax credit in addition to normal federal charitable income tax deductions for certain charitable gifts. Read more about Endow Iowa benefits.

Donate through the Story County Foundation’s secure website today!


Contribute to an Established Fund

 

Start a Designated Fund

Establishing a Designated Fund allows you to support the good work of a specific nonprofit organization. Through designations established when you set up your fund, your gift provides the Octagon Center for the Arts not only funding, but also planned giving, investment management services and the power of endowment.

 

Seed a Fund

Seed Funds offer individuals an option to build a permanent charitable endowment over 10 years. Rather than requiring $10,000 immediately to begin an endowment, donors make an initial contribution of $1,000 and pledge a minimum annual contribution of $600 to build their Seed Fund. Once $10,000 is accumulated via gifts and income, the Seed Fund matures to a charitable endowment from which the donor can recommend annual distributions to support the causes or charities they care about.

If you have additional questions about endowments, please contact the Executive Director of the Octagon, Heather Johnson. She can be reached by phone at 515.232.5331 or by email at director@octagonarts.org.