Floyd County Medical Center Foundation Fund exceeds $100,000 milestone

To The Press

The Floyd County Medical Center Foundation has reached a milestone in its fundraising efforts, and a donation from an affiliate group will push its total past the $100,000 mark.

The Community Foundation of Northeast Iowa (CFNEIA) presented a check for $10,000 to the Medical Center Foundation Monday evening before a hospital board meeting.

Donations to the hospital endowment fund had reached more than $90,000, hitting the threshold to qualify for the additional $10,000 in matching funds.

In 2017, the Floyd County Medical Center established an endowment fund with the Floyd County Community Foundation, an affiliate of the CFNEIA.

Rod Nordeng, Floyd County Medical Center administrator, said, “We are incredibly excited to reach this milestone that will help ensure high-quality health care is accessible to the residents of Floyd County and surrounding communities today and for future generations.

“The generosity of the communities and residents we serve and our staff continually amazes me,” he said. “It is because of this support we can be here for the people of Floyd County.”

As a permanent endowment fund with the Floyd County Community Foundation, donors to the medical center fund can take advantage of a 25% state tax credit made available through the Endow Iowa program, in addition to normal federal deductions for charitable gifts.

“The Floyd County Medical Foundation Fund with the Community Foundation allows us to look to the future knowing we have a long-term source of income,” said Nordeng. “It creates great sustainability and increases our ability to be an innovative institution.

“We are grateful to the Community Foundation for the gift to the fund and their support of our efforts,” he said.

Donations can be made by check to the Community Foundation of Northeast Iowa, with a memo to the Floyd County Medical Center Foundation Fund. Checks may be mailed to foundation offices at 3117 Greenhill Circle, Cedar Falls, 50613.

Contributions also may be made online at CFNEIA.org/floydmedicalcenterfoundation.

For more information about the Floyd County Community Foundation, including how to donate, the various types of funds, and the Endow Iowa 25% state tax credit, visit www.floydccf.org.

The Floyd County Community Foundation makes grants to organizations “creating a stronger and more vibrant quality of life in Floyd County, and helps people establish permanent funds for the causes they care about in their community,” according to information from the foundation.

The Floyd County Community Foundation is an affiliate of the Community Foundation of Northeast Iowa, a nonprofit committed to creating long-term impact in 20 counties in Iowa. For more information, call 319-287-9106 or visit www.cfneia.org.