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!