Security in a Time of Need
Building sustaining support in Northern Kentucky
For 30 years, John and Jane Domaschko have supported St. Elizabeth Healthcare, recognizing the organization as a major asset to the community.
“We love St. E’s for assembling such a talented and caring team to shepherd us through our own personal health crises with sincere, heartfelt compassion,” said John. “To us, that team is humankind at its best.”
St. Elizabeth’s leadership role in fighting cancer, heart disease and the opioid epidemic in the region is what spurred the couple to make a legacy gift.
Leveraging the Endow Kentucky Tax Credit, the Domaschkos joined dozens of others making gifts to the St. Elizabeth Endowed Fund of the Greater Cincinnati Foundation (GCF). The endowment provides sustaining support for the hospital’s delivery of excellent medical care, which has never been more important than in this pandemic year and with the construction of their first-class Cancer Center.
“The St. Elizabeth Foundation is proud to partner with GCF. The Endow Kentucky Tax Credit is of particular benefit to donors as they receive both tax deductions and tax credits while supporting St. Elizabeth,” said St. Elizabeth Foundation Vice President Carri Chandler.
The unique opportunity enables Kentucky taxpayers to receive a state income tax credit of up to 20 percent of charitable gifts to GCF endowments that benefit Kentucky organizations, in addition to federal and state tax deductions.
“Endowed funding provides permanent, ongoing support to local nonprofits. That security can be critical for organizations – and our most vulnerable community members – especially in challenging times like these,” said GCF Sr. Philanthropic Advisor Laura Menge.
Since 2011, the tax credit has encouraged 77 donors to entrust GCF with endowed gifts totaling $6.2 million to support favorite causes in Kentucky. For a list of NKY nonprofits with eligible endowments, click here. Please contact Laura Menge at 513-768-6170 for more information.