• TRS CPA

ENDOW MARYLAND TAX CREDIT INFO

The information for Endow Maryland tax credit is up on the Community Foundation website

The basics are that MD residents (individuals and businesses) are eligible for a 25% tax credit on their MD State Income Tax in 2015 if they make a gift to a qualified fund at a MD Community Foundation. Because the credits are limited to $15,000 total for CFES, we have identified our Community Needs Funds as the “qualified funds”.

There are two ways to participate:

1) By making a gift of $500-$2000 to an existing Community Needs Fund, OR 2) Establishing a new endowed Community Needs Fund with a $10,000 gift

These funds are critically important to CFES and the community as they provide the support for all the discretionary grants programs we offer each year.

If you have any questions, please don’t hesitate to ask us.

0 views0 comments