Schedule ENDOW is a Kentucky Department of Revenue form used to apply for and certify the Endow Kentucky Tax Credit. The schedule documents an eligible endowment gift made to an approved community foundation or qualified community foundation affiliate. It provides the Kentucky Department of Revenue with information about the taxpayer making the gift, the receiving foundation, the amount of the contribution, and the authorization details needed to approve the tax credit.
The Endow Kentucky Tax Credit is connected to qualifying permanent endowment gifts made to approved foundations. The schedule confirms that the gift qualifies under the required rules and that the contribution is held in a permanent endowment. The approved Schedule ENDOW must be attached to the taxpayer’s Kentucky tax return each year the credit is claimed.
The form may be completed by different types of taxpayers, including individuals, estates, trusts, corporations, limited liability pass-through entities, general partnerships, and other eligible entities. The taxpayer must provide identifying information, gift details, foundation information, and certification from an authorized foundation representative.
How To File Schedule ENDOW
Complete Schedule ENDOW after making an eligible endowment gift to an approved foundation.
The application may be submitted through one of these methods:
- Email submission.
- Fax submission.
- Hand delivery to the Kentucky Department of Revenue.
The form instructions recommend using electronic submission methods because the application contains time-sensitive information.
After approval, attach a copy of the approved Schedule ENDOW to the applicable Kentucky tax return each year you claim the credit.
If the credit passes through a partnership, member, or shareholder arrangement, attach the appropriate Schedule K-1 documentation with the tax return. Beneficiaries of estates or trusts must attach the applicable Schedule K-1 information from Form 741.
How To Complete Schedule ENDOW
Taxpayer Information
Complete the taxpayer identification section at the top of the form.
Section A: Name Of Taxpayer
Enter the full legal name of the person or entity making the endowment gift.
Use the same name that will appear on the Kentucky tax return claiming the credit.
Section B: Federal Identification Number Or Social Security Number
Enter the taxpayer’s identification number.
Use:
- Social Security number for an individual taxpayer.
- Federal Employer Identification Number (FEIN) for a business or other entity.
The identification number must contain nine digits. If a six-digit number is required for another account field, leading zeros must be added as instructed.
Section C: Kentucky Corporation/LLET Account Number
If applicable, enter the Kentucky corporation or Limited Liability Entity Tax (LLET) account number.
Provide the account number if the taxpayer is a Kentucky business entity required to report this information.
Street Address Or P.O. Box
Enter the taxpayer’s mailing address.
Include the complete street address or post office box number.
Telephone
Enter a current phone number where the taxpayer can be contacted.
Email Contact
Provide an active email address for communication regarding the credit application.
Entity Type Information
Section D: Type Of Entity
Select the box that describes the taxpayer making the endowment gift.
Choose the appropriate category:
- Individual.
- Estate.
- Trust.
- Corporation.
- Limited Liability Pass-through Entity.
- General Partnership.
- Other.
If selecting Other, provide a description of the entity type.
Endowment Gift Information
This section identifies the gift that qualifies for the Endow Kentucky Tax Credit.
Section E: Date The Endowment Gift Was Made To The Approved Foundation
Enter the date the endowment contribution was made.
Use the month, day, and year format shown on the form.
Section F: Amount Of Endowment Gift
Enter the total dollar amount of the endowment gift made to the approved foundation.
The amount should match the foundation’s records.
Section G: Date Of The Department’s Preliminary Authorization Of Credit
Enter the date the Kentucky Department of Revenue provided preliminary authorization of the tax credit.
Use the required month, day, and year format.
Foundation Information
This section identifies the organization receiving the qualifying endowment gift.
Section H: Name Of Qualified Community Foundation Or Affiliate Community Foundation
Enter the full name of the qualified community foundation or approved affiliate community foundation receiving the gift.
Section I: Federal Identification Number
Enter the federal identification number of the receiving foundation.
Telephone
Enter the foundation’s contact telephone number.
Fax Number
Enter the foundation’s fax number if applicable.
Street Address Or P.O. Box
Enter the foundation’s mailing address.
City
Enter the city where the foundation is located.
State
Enter the foundation’s state.
ZIP Code
Enter the foundation’s ZIP code.
Endowment Fund Information
Section J: Name Of Permanent Endowment Fund Or County-Specific Component Fund
If applicable, enter the name of the permanent endowment fund or county-specific component fund that received the contribution.
This identifies the specific fund connected to the qualifying gift.
Foundation Certification Section
This section must be completed by an authorized representative of the receiving foundation.
The foundation officer or authorized designee certifies that:
- The foundation qualifies as a community foundation under the applicable Kentucky requirements.
- The listed endowment gift is held in a permanent endowment.
- The information provided on the schedule and supporting documents is accurate and complete.
Signature Of Foundation Officer Or Designee
The authorized foundation representative must sign the certification.
Date
Enter the date the certification is signed.
Print Name
Enter the printed name of the person signing the form.
Title
Enter the signer’s official title or position with the foundation.
Department Of Revenue Use Only
This section is completed by the Kentucky Department of Revenue.
Endow Kentucky Tax Credit Approved By The Department Of Revenue
The department records approval of the Endow Kentucky tax credit in this section.
Amount
The approved credit amount is entered by the Department of Revenue.
Signature And Date
The department representative records approval information.
Claiming The Credit On A Tax Return
After receiving approval, taxpayers must attach a copy of the approved Schedule ENDOW to their Kentucky tax return when claiming the credit.
The credit should be claimed against the applicable Kentucky taxes according to the required credit ordering rules.
For pass-through entities:
Partnerships, Members, And Shareholders
Attach the required Schedule K-1 documentation when claiming the credit.
Estate Or Trust Beneficiaries
Attach the Schedule K-1 from Form 741 when claiming the credit.