Strong return on investment in 2019 will give Winneshiek County Community Foundation more money it can give to local groups

Winneshiek County Community Foundation officials say they got a 17.8 percent rate of return in 2019 on money invested in endowed funds--the highest return in the last 10 years. The 10-year average rate of return is 7.8 percent.

"The 2019 rate of return demonstrates the potential power of endowment building," said Community Foundation of Northeast Iowa vice president of finance and operations Liz Kurtt.  Her agency works with the local foundation to handle funds. "Investment fund allocations are set to balance risk and return with an interest in long-term average returns that exceed spending and inflation, but certainly years like this stand out and show that growth potential. A higher return means more dollars are being put back into local communities for good."

Endowed funds are generally created by a nonprofit organization or a community-minded individual to benefit the community now and forever.

For more information about endowment funds, contact the Community Foundation of Northeast Iowa, at 319-243-1354 or tgaumer@cfneia.org. More information about the Community Foundation can also be found at www.winneshiekccf.org.