Endow Kentucky is in full swing! Did you know that the commonwealth of Kentucky offers a state tax credit of up to 20% for applications filed on July 1? The endow tax credit is a non-refundable and non-transferable credit that may be applied to income taxes for individuals, corporations or limited liability entities, but be sure to get your application completed quickly because there are limited tax credits available.
The tax credit is calculated based on an endowment gift to a permanent endowment fund. Redwood has established endowments with both the Greater Cincinnati Foundation and Horizon Community Funds. Gifts to these endowed funds will help Redwood continue shattering barriers for individuals with disabilities.
Visit the Kentucky Department of Revenue website for more information on the application process. If you are considering make a donation during the month of July, please reach out to the experts at either the Greater Cincinnati Foundation or Horizon Community Funds to complete your application prior to the July 1 due date.