KS HB2208

Creates a 70% tax credit for endowment gifts to unrestricted or field of interest permanent endowment funds held by qualified community foundations, effective for tax years beginning after December 31, 2025

Sets annual statewide credit caps at $3 million for tax year 2026, $4 million for 2027, and $5 million for 2028 and thereafter, with no single foundation receiving more than 10% of the annual cap

Limits individual taxpayer credits to $100,000 per year, or $200,000 for married couples filing jointly and corporations/financial institutions

Requires a minimum endowment gift of $500 to qualify, with unused credits carried forward up to five years but not transferable

Requires community foundations to obtain certification from the Department of Revenue, either through national accreditation or by meeting state-defined criteria including independent governance, annual audits, and active charitable engagement