Did you know? By making a gift to a new or existing permanent endowment fund at the Foundation for Appalachian Kentucky, you may qualify for a state tax credit in addition to your Federal tax  deduction. This is a tax-wise way to create a lasting legacy and support Kentucky charities, counties or communities forever.

The Endow Kentucky Tax Credit Program makes tax benefits available to donors who give to endowments at the Foundation for Appalachian Kentucky. You may be eligible to receive a tax credit equaling up to 20 percent of your gift.

Endow Kentucky features a tax credit, which is different than a tax deduction. A tax deduction reduces your taxable income, so the value depends on your income tax bracket. A tax credit lowers your tax bill dollar for dollar, no matter your tax bracket.

This year, all applications submitted to the Kentucky Department of Revenue between July 1 and July 7 will receive a prorated portion of the Endow Kentucky State tax credit. Credits are available on a first-come, first-served basis.

Don’t miss out! To be in the running to receive these state tax credits, donors must apply Between July 1 and July 7.