The Endow Kentucky Tax Credit enables any Kentucky taxpayer (paying individual income tax, corporate income tax, or limited liability entity tax) to receive a state tax credit of up to 20% of their charitable gift to a permanent endowment fund at their local community foundation (up to $10,000 tax credit per taxpayer). All applicable state and federal tax deductions still apply. A total of $1,000,000 in tax credits has been allocated to this program. The next allocation for this limited-time opportunity starts July 1. This limited allotment of credits is used quickly. If you are interested in pursuing Endow Kentucky Tax Credits, contact us before June 28 in order to work out the details in advance of the July 1 deadline. Please refer to the enclosed flyer for more information.
To discuss this opportunity, please Kathryn Lamp at (606) 324-3888. We are happy to explain the options available for your gift, as well as the application process. Please consult your tax advisor before making this or any other charitable gift. Don’t miss this opportunity to make a lasting contribution to your community and the causes you care about.
