The Community Foundation of the Eastern Shore recently established the Lower Shore Scholarship Fund to assist local students attending area colleges. The new scholarship fund is unique in that gifts made by donors to the fund may qualify for the Endow Maryland Tax Credit.
The Lower Shore Scholarship Fund provides a new opportunity for donors to support scholarships locally. Each year Wor-Wic Community College, Salisbury University, and University of Maryland Eastern Shore will receive equal grants from the Community Foundation to support students who are residents of the tri-county region. Each school will be empowered to prioritize recipient selection to meet emerging student and workforce needs.
The Endow Maryland Tax Credit Program rewards donors who make charitable gifts to qualifying funds at their local community foundation, including gifts to the Lower Shore Scholarship Fund. Contributions of $500 or more to the Community Foundation of the Eastern Shore under the Endow Maryland program qualify for a 25 percent tax credit on their state taxes.
“Education is the key to growing a stronger community,” said Erica Joseph, Community Foundation President. “We hope these tax credits will help donors maximize their gifts while empowering our next generation of leaders.”
To learn more about the Endow Maryland Tax Credit program and the qualifying funds visit CFES.org/endowmd