Did you know that Bluegrass Greensource has an endowment fund at the Blue Grass Community Foundation?
Started in 2016 by a generous donation from our friend and former board member, Jamie Clark of Synergy Home, Bluegrass Greensource’s endowment fund is small. But, our dream is that it will continue to grow and one day contribute the unrestricted resources that will provide a strong base of support for our future work. Growing our endowment comes from the smart investing of the Foundation as well as contributions from friends and supporters.
Did you know that you can support sustainability and take advantage of an opportunity to receive significant tax benefits when contributing to an endowed fund at the Blue Grass Community Foundation?
Endow Kentucky tax credit season allows you to receive additional tax breaks on larger gifts. This is a limited opportunity! Applications will be accepted starting July 1st until all tax credits have been given.
Support our endowment fund
Support environmental education
Receive tax benefits
Individuals and businesses that pay taxes in Kentucky can receive a credit of up to 20 percent of the amount gifted (with a maximum $50,000 gift) to endowed funds. Tax credits totaling $1 million will become available on July 1. These tax credits are often gone in a matter of weeks, so now is the time to start planning.
Donations of all types of assets can be accepted for Endow Kentucky Tax Credit. This includes: cash (including donations via credit card), stocks, mutual funds, tangible property, donations of life insurance, and donors 70 ½ and older can rollover required minimum distributions from qualifying IRAs. Links to an information sheet and Endow Kentucky Tax Credit application are below:
This is a tax credit, not a deduction. A tax credit reduces your Kentucky state tax liability dollar-for-dollar, regardless of your ability to itemize or your tax bracket.
For more information or assistance, contact the Blue Grass Community Foundation.