Endow Kentucky Tax Credit

The Endow Kentucky Tax Credit allows donors to receive not just a charitable deduction, but also a credit against their Kentucky income taxes. The credit is 20% of their contribution, 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.