MS SB2611

Establishes the "Endow Mississippi Program" to provide a 25% tax credit for charitable contributions of $1,000 to $200,000 made to endowed funds at qualified community foundations in Mississippi.

Limits aggregate tax credits to $500,000 per calendar year, awarded on a first-come, first-served basis, with unused credits carrying forward up to five years.

Restricts individual taxpayers to a maximum of $200,000 in qualified contributions per year and allows excess credits to be carried forward for up to five taxable years.

Designates the Mississippi Association of Grantmakers to develop application procedures, review criteria, and reporting requirements, with 10% of annual credits reserved for each qualified community foundation for nine months.

Terminates authorization of new credits after January 1, 2023, though previously authorized credits may be used through five additional years.