Endow Maryland Tax Credits
The state tax credit called “Endow Maryland” rewards donors who help build permanent charitable funds for local communities across Maryland. CHARITABLE GIVING IN MARYLAND, FOR MARYLAND!
Endow Maryland Tax Credits are awarded to businesses and individuals that donate, $500 or more, to endowed funds at accredited community foundations. The tax credits are 25% of the value of the contributed cash or securities, and are awarded on a first-come, first-served basis.
The sum of all Endow Maryland tax credits, including any carryover credits, may not exceed $50,000 and/or the amount of tax payable by the taxpayer for the tax year. Excess credits may be carried over for five (5) years.
Donors are encouraged to consult with their tax professionals for information about their specific tax benefits.
For additional information, contact Francesca Wiseman at fwiseman@mscf.org or (410) 820-8175 x 106.