The Fund for Louisville Grants Celebration scheduled for Tuesday, January 16 is postponed due to the inclement weather forecast. Please stay tuned for further information.
ENDOW KENTUCKY TAX CREDIT
Did you know that Kentucky is incentivizing philanthropy throughout the commonwealth through its Endow Kentucky 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 Community Foundation of Louisville. Individuals must apply for the credit before making their gift, and applications are due on July 1, 2017.
Could the Endow KY Tax Credit help you? Give us two minutes and see!
HOW DOES THE PROCESS WORK?
Learn how the Community Foundation can help you take advantage of this opportunity.
Reach out to the Community Foundation to help you through the process. An application is available here, but the Foundation must help you complete it and will deliver it to Frankfort on your behalf by the deadline.
To learn more or to apply, contact us.
Mike Schultz »