Before It’s Too Late!
Do you know that in 2019 the Mississippi state Legislature established Endow Mississippi, giving Mississippi taxpayers a 25% state income tax credit to establish or fund endowments at qualified community foundations?
GCCF welcomes any gift between $1,000 and $200,000 made to one of our existing endowed funds. You can also open a new endowed fund directed toward a charitable goal that excites you most!
| Your Endowed Gift (for example) | Tax Credit ( 25%) |
|---|---|
| $1,000 | $250 |
| $10,000 | $2,500 |
| $100,000 | $25,000 |
| $200,000 | $50,000 |
To get started, the state of Mississippi requires that you complete this application form found at www.endowms.org, for review by the recipient organization. At GCCF an endowed fund generally starts with a minimum contribution of $25,000 which we invest to generate enough interest for grants to charitable cause(s) recommended by the donor. Nevertheless, all Endow MS funds starting at $1,000 are welcome and grow tax-free.
Please send your completed application to GCCF Controller Patty Hammons, by email phammons@mgccf.org or by fax (228) 897-4843. To receive credit in 2022, your opening endowed gift must be received by October 30, 2022. If you have any questions, feel free to contact Patty at 228-897-4841, on or before September 29, 2022.