KRC has an endowment, the Kentucky Resources Foundation, that is managed by the Blue Grass Community Foundation (BGCF). Endowments are an important tool to provide financial stability and ensure that our mission of protecting our built and natural communities from pollution and environmental damage continues for future generations.

Beginning July 1 your gift to our endowment fund, the Kentucky Resources Foundation, can be rewarded with a great tax incentive: the Endow Kentucky Tax Credit.

• Individuals and businesses who pay taxes in Kentucky can receive a Kentucky income tax credit of up to 20% of the value of a gift made to a qualified endowment, and the Kentucky Resources Foundation endowment fund qualifies for this tax credit.
• Tax credits up to $1 million will become available on July 1, 2021 and are often gone in a matter of weeks, so now is the time to start planning.

WHEN DO I NEED TO SUBMIT MY ENDOW KY TAX CREDIT APPLICATION?
The Kentucky Department of Revenue will accept applications beginning July 1, 2021. You may send your completed application to KRC before July 1.

HOW DO I SUBMIT MY APPLICATION?
Applications can be submitted via email or mail. You can email your application to the KRC prior to July 1 and we will work with BGCF to ensure it is properly submitted to the Kentucky Department of Revenue (DOR) on your behalf. If you prefer to mail your application, please mail it before June 20th to give it plenty of time to be delivered. You can also submit your application to the Kentucky Department of Revenue directly beginning July 1. DO NOT mail your application to the Department of Revenue prior to July 1. It will not be accepted.

WHEN WILL I KNOW IF MY APPLICATION WAS APPROVED?
The DOR will send an approval letter to the address supplied on the application form within 2-3 weeks.

IS THERE A MINIMUM CONTRIBUTION TO TAKE ADVANTAGE OF THE TAX CREDIT?
No, there is no minimum gift under the Endow Kentucky tax credit program.

IS THERE A MAXIMUM CONTRIBUTION I CAN GIVE UNDER THE TAX CREDIT PROGRAM?
Yes, the maximum gift allowed under the Endow Kentucky tax credit Program is $50,000. There is no maximum gift for the Endowment itself, but the Kentucky tax credit is limited to $50,000.
 

DO I SEND MY GIFT IN WITH MY APPLICATION?
No, do not send the gift until you receive approval from the DOR.
 

WHEN DO I NEED TO MAKE MY GIFT?
You must make your gift within 30 days of the date you receive your approval letter.

WHERE DO I SEND MY GIFT?
Once you receive your approval letter, send your gift directly to BGCF, 499 East High Street, Suite 112, Lexington, KY 40507. Make checks payable to Blue Grass Community Foundation and list Kentucky Resources Foundation in the check memo line.

AM I GUARANTEED TO RECEIVE A 20% TAX CREDIT?
All applications received between July 1 and July 7th will receive a prorated portion of the credit pool, with a maximum credit of 20%. Any remaining credits will be allocated on a first come, first service basis, with a maximum credit of 20%.

 

QUESTIONS OR ASSISTANCE?
Contact Donna Counts, Development Associate for Major Gifts
donna@kyrc.org | 502-875-2428

BGCF staff is also available to assist:
Scott Fitzpatrick (sfitzpatrick@bgcf.org)
Halee Cunningham (halee@bgcf.org)
Lisa Adkins (ladkins@bgcf.org)

Who would you want in the middle
of your controversy—
your town, forest, mountain,
your water supply,
mineral rights,
wild river,
your cave, neighborhood, farmland,

who would you want
when you can’t take the trees
to the courtroom with you
to state their case

and you can’t make the river talk
any more than it does, tippling the rocks,

when you can’t determine in dollars exactlythe value of clean air,
and it never will blow back
in its own defense.

Who would you want 
in defense of the voiceless, the unseen,
underrepresented, overlooked,
marginalized, undermined

and in defense of the beautiful
those delicate connectionsbetween waterways, & in soil
fortifying plants, & in the power
of trees growing and re-growing
under our single sun.

This council
is the legal face of the voiceless.
Wild nature 
stands behind its every brief, legal opinion, policy,
and protest.

This council
is fearless in the middle of controversy
where it stakes its place in the heart of Kentucky.