How the Cultural Trust Will Benefit Iowa
Interest generated by the Iowa Cultural Trust will be invested in our cultural organizations.
After the first two years, interest generated by the Iowa Cultural Trust will be used to support the operating budgets of our cultural organizations. The funds will be distributed by the Iowa Department of Cultural Affairs. Eligible recipients of Cultural Trust funding will be required to take steps to secure their own stability and sustainability. These strategies could include the development of a planned giving program or board development. They would also be required to have or secure at least one paid employee.
The Trust motivates local investment in cultural organizations.
The Trust gives donors a new reason to give. They know that every dollar they contribute to a local cultural organizations will be matched by the state with a contribution to the Iowa Cultural Trust. Donors want to live and work in a state that has a vibrant cultural environment.
If Iowa is to prosper in the New Economy, it must have strong, vigorous cultural institutions. Iowa acknowledged the high-impact role of cultural institutions in the New Economy when it committed $200 million to their construction through Vision Iowa. Iowa must now take the next step to secure that investment by supporting the programming that will bring these showpieces to life.
The Trust is the insurance policy that secures the most powerful and important
investment in the future of Iowa.
