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Question: What is Endow Kentucky?
Answer: The Endow Kentucky tax credit was authorized by the General Assembly in 2010. It offers taxpayers, either individuals or businesses, an opportunity to help their community and receive a tax credit toward their Kentucky Income Tax. A taxpayer may receive a 20 percent income tax credit not to exceed $10,000 per donor per taxable year for a gift to endowed permanent funds at certified community foundations. This tax credit is in addition to any other deductions, federal or state, for the gift.
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