Who We Are
The mission of Pella Community Foundation is to preserve the heritage and enhance the quality of life for the people of Pella.
We accomplish our mission by:
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Soliciting “pass through” gifts which are distributed each year though the grant process.
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Provide continuing long-term support by creating endowment funds from the gifts and bequests.
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Investing funds carefully to assure earning a safe and continuing level of real income.
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Distributing the endowment income and “pass through” gifts by means of a fair system which will identify and fund the most effective proposals for solving problems and seizing opportunities.
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Providing leadership for the community in planning, identifying needs, and providing advice to organizations on fund-raising and operational issues.
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How we operate:
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We are a "low overhead" organization. Volunteers do most of the work. As a result expenses are minimal.
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We do not use regular endowment income or gifts which are intended for grants to support operating expenses.
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Support for our operation comes from designated operating funds and from management fees.
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CF National Standards - In 2005, Pella Community Foundation was among the first in the nation to be authorized to display the seal of compliance with National Standards for U.S. Community Foundations Programs. Re-certification was again granted in 2024.
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The National Standards for U.S. Community Foundations Program requires community foundations to document their policies for donor services, investments, grant making and administration.
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This program is designed to provide quality assurance to donors, as well as to their legal and financial advisers.
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Our Investments:
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A committee composed of Directors using outside counsel supervises all investments.
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Although income is important to the work of the Foundation, it is never sought through the acceptance of undue risk levels.
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A diversified portfolio is maintained according to policy as a means of providing growth and avoiding an inflation-induced erosion of the earning power of endowment funds.
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​The fiscal year from July 1, 2022 to June 30, 2023 the realized return on investments was +2.45%, while the unrealized gain was +4.21%, for an overall gain of +6.66%.