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Iowa Code § 15E.303

Definitions

Redline — January 1, 2012 → current.View current text →
Current — January 1, 2026
As of January 1, 2012
As used in this division, unless the context otherwise requires:
As used in this subchapter, unless the context otherwise requires:
1. “Board” means the governing board of the lead philanthropic entity identified by the authority pursuant to section 15E.304.
2. “Business” means a business operating within the state and includes individuals operating a sole proprietorship or having rental, royalty, or farm income in this state and includes a consortium of businesses.
3. “Community affiliate organization” means a group of five or more community leaders or advocates organized for the purpose of increasing philanthropic activity in an identified community or geographic area in this state with the intention of establishing a community affiliate endowment fund.
1. “Community affiliate organization” means a group of five or more community leaders or advocates organized for the purpose of increasing philanthropic activity in an identified community or geographic area in this state with the intention of establishing a community affiliate endowment fund.
4. “Endow Iowa qualified community foundation” means a community foundation organized or operating in this state that substantially complies with the national standards established by the national council on foundations as determined by the authority in collaboration with the Iowa council of foundations.
2. “Endow Iowa qualified community foundation” means a community foundation organized or operating in this state that attains the national standards established by the national council on foundations as determined by the authority in collaboration with the Iowa council of foundations.
5. “Endowment gift” means an irrevocable contribution to a permanent endowment held by an endow Iowa qualified community foundation.
3. “Endowment gift” means an irrevocable contribution to a permanent endowment held by an endow Iowa qualified community foundation.
6. “Lead philanthropic entity” means the entity identified by the authority pursuant to section 15E.304.
[2003 enactment of section rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
[2003 enactment of section rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
Referred to in
Code editor directive applied
2025 strike of former subsections 1, 2, and 6 applies to tax years beginning on or after January 1, 2026; 2025 Acts, ch 136, §99
2025 strike of former subsections 1, 2, and 6 effective January 1, 2026; 2025 Acts, ch 136, §98
Subsections 1, 2, and 6 stricken and former subsections 3 – 5 renumbered as 1 – 3

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.