Endow Mississippi

The Community Foundation Network, an affinity group of the Mississippi Alliance of Nonprofits and Philanthropy, worked with key elected officials and introduced legislation in both the Mississippi House and Senate to establish tax credits for charitable gifts made by individuals, businesses, and organizations to endowed funds held by community foundations in Mississippi.

The legislation authorized $1,000,000 in tax credits annually for five years.  Each tax credit would be equal to 25% of qualifying endowment gifts, so a $10,000 qualifying donation to a community foundation endowment would generate a tax credit of $2,500 for the donor. Endowment gifts from $1,000 to $500,000 qualify for the tax credit.

This legislation is having positive impacts on children, families, and communities across the state.

For more information contact Jamie Rasberry, Director of Policy and Strategic Partnerships at jamie.rasberry@alliancems.org or Michael Martella, Programs and Strategy Associate at michael.martella@alliancems.org.