Strengthening Charitable Giving in Mississippi
Endow Mississippi is a state tax credit program encouraging individuals, businesses, and organizations to make lasting investments in their local communities through charitable giving. The state legislature created it in 2019 to promote gifts to permanent endowments at qualified community foundations, like the Community Foundation of East Mississippi!
Donors to the Community Foundation of East Mississippi’s endowed funds are eligible for a 25% state tax credit.
Endow Mississippi promotes charitable giving in Mississippi, for Mississippi.
How does it work?
- The Endow MS tax credit applies only to gifts to permanent, endowed funds at qualified Mississippi Community Foundations. These gifts generate the initial value many times and always benefit Mississippi.
- Minimum gift is $1,000 ($250 tax credit)
- Maximum gift is $200,000 ($50,000 tax credit
- Gifts can go to any endowment (an already existing endowment or a newly created one)
- There is a limited number of Endow MS tax credits. A prompt response is recommended.
- Tax credits are currently available.
- Each January, the process starts over for the new year.
- A qualifying endowed fund benefits Mississippi, is held by a qualified Mississippi Community Foundation, and has an annual granting policy of less than or equal to 5%.
For more information, call 601.696.3035 or email us at office@cfem.org
25%
State Tax Credit Savings at the Community Foundation of East Mississippi