Would a 25 percent Maryland State tax credit benefit you in 2018?

The Endow Maryland tax credit is available again in 2018. Maryland community foundations are sharing $250,000 in tax credits this year, which are available on a first-come, first-served basis. We expect these will be claimed very quickly. The YMCA has a permanently endowed charitable fund through the Community Foundation of Frederick County. This fund qualifies as an eligible fund for Endow Maryland Tax Credits. Donors who make a charitable contribution to a qualified permanent fund are eligible to receive a 25 percent Maryland tax credit and a Federal charitable deduction for gifts between $500 and $50,000.  If you would like to take advantage of this opportunity and also grow the  YMCA Restricted Endowment Fund, please contact Becki DeLauter, Philanthropic Services Associate at 301.695.7660 or by email to discuss eligible funds. Thank you for your continued generosity and support of Frederick County.