The Cherokee County Legacy foundation has been notified it will soon be receiving a $122,952 state award to advance community- based philanthropy throughout the county.
The award come by way of the County Endowment Fund, which was established by HF 2302 in the 2004 Legislative Session. The purpose of this legislation is to provide financial support to encourage the creation and development of community foundations and civic philanthropy throughout Iowa.
Under terms of the legislation, the Cherokee County Legacy Foundation will direct 75 percent of the award to foundation grantmaking activities and 25 percent will be placed in the Foundation's permanent endowment. This allocation ration provides the opportunity to assist local projects immediately as well as help build an endowment for the future of the county.
Since its establishment in 2004, the Cherokee County Legacy Foundation has awarded over $440,000 in grants to 81 projects undertaken by county organizations and charities.
The permanent endowment of the CCLF is now $148,900. We encourage local individuals and institutions to learn more about the benefits of working with our foundation.
Grant applications for this granting cycle will be available at the Iowa State Extension Office in Cherokee, starting Dec 1. Applications will be due on Feb. 1. Online applications will be available by mid-December at www.IowaCommunityFoundations.com.