Maryland state tax credit called “Endow Maryland” rewards donors who help build permanent charitable funds for local communities across the state. Continuing in 2017, Endow Maryland offers a tax credit for gifts of at least $500 to permanent, endowed funds at qualified community foundations in Maryland. Community benefit Endow Maryland provides an incentive for Marylanders to give back to their local communities in a meaningful and lasting way. It promotes charitable giving in Maryland, for Maryland. Permanence The Endow Maryland tax credit applies only to gifts to permanent, endowed funds at qualified Maryland community foundations. These gifts will generate many times the initial value of the gift in benefit to the community. How to get…
The Foundation for Community Development, Inc. is proud to announce its grand opening after being formally recognized by the Internal Revenue Service as a 501(c)3 public charitable organization on June 29th, 2019. The Foundation will support local communities with a broad range of charitable giving opportunities.