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State awards funds to Enhance Hamilton County

October 2, 2008
The Daily Freeman Journal

The Enhance Hamilton County Foundation has been notified it will soon be receiving a $131,604 state award to advance community based philanthropy throughout Hamilton County. The award comes by way of the County Endowment Fund, which was established by HF 2302 in the 2004 Legislative Session. The purpose of this legislation was to provide financial support to encourage the creation and development of community foundations throughout Iowa.

Under terms of the legislation the Enhance Hamilton County Foundation will direct 75 percent of the award to foundation grant making activities and 25 percent will be placed in the Foundation's permanent endowment. This allocation ratio 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 2005, the Enhance Hamilton County Foundation has awarded more than $150,000 in grants to 69 projects benefitting organizations and charities within Hamilton County. Together these awards have leveraged over $2.5 million in new projects for Hamilton County.

"We are anxious to put these new funds to work. Our foundation is making good headway and we hope this state award will help encourage local interest and investment," said Brian Holt, Enhance Hamilton County Foundation chairman.

Questions related to contributions, gifts and grant making can be directed to the Enhance Hamilton County Foundation at 832-9575 or or to Brian Holt at 515-838-2706.



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