Kentucky is incentivizing philanthropy throughout the commonwealth through its Endow KY Tax Credit Program.
The Endow KY Tax Credit allows donors to receive not just a charitable deduction, but also a credit against your Kentucky income taxes. The credit is 20% of your gift, up to $10,000. This means the maximum an individual can give is $50,000, which would allow for a $10,000 tax credit. Gifts must be directed to a permanent endowment fund at a qualified community foundation, like the Murray-Calloway County Community Foundation.
Could the Endow KY Tax Credit help you? Give us just one minute and see!
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The 2nd annual Drs. Dick & Jan Weaver Challenge for Charities kicks off September 1st and closes November 30th, 2024. You can learn more and directly support your favorite Murray-Calloway County nonprofit organizations by clicking the link below.