Endow Kentucky Tax Credits Are Still Available
This is unusual: Normally, by this time in the year, Endow Kentucky tax credits are long gone. But 2020 is not your average year by any measure!
As of last week, there was still nearly $40,000 available from the Endow Kentucky program. Those dollars provide tax credits of 20% on eligible donations made to permanent endowments at the Blue Grass Community Foundation. Year-end is always a great time for charitable giving and these tax credits provide an added boost to the tax advantages!
If you're interested, we have all the information you need to get started right here:
The first step is to complete an application and return it to the Kentucky Department of Revenue, or to BGCF, which can review for accuracy and submit on your behalf.
To support CASA of Lexington with your donation, write "CASA of Lexington Endowed Fund" in field J of your form.
If you have questions, you can email Scott Fitzpatrick with BGCF or call BGCF at (859) 225-3343.
Once approved, you may complete your gift using cash, appreciated stock, or other tangible assets. Kentucky taxpayers may receive a 20% tax credit on gifts up to $50,000 every year. This applies to both individuals and businesses. There is no minimum on donations; you might give $100, the maximum $50,000, or anywhere in between.
If you have any questions, you can contact Executive Director Melynda Jamison at mjamison@lexingtonky.gov. Or if you’d like to support CASA of Lexington without pursuing an additional tax credit, you may do so at any time by using our online donation portal.