Enacts new GS 105-130.34A (applicable to corporate income tax) and GS 105-153.12 (applicable to individual income tax), providing as follows. Sets out the purpose of the statutes and defines terms used in the statutes, including endowed fund and qualified community foundation. Defines qualified contribution as an endowment gift to a qualified community foundation for an endowed fund that qualifies as a charitable gift under the specified section of the IRS Code. Gives a C Corporation or individual taxpayer that makes a qualified contribution of at least $1,000 to an endowed fund of a qualified community foundation during the taxable year a tax credit equal to 25% of the qualified contribution. Caps the aggregate amount of the credit in a taxable year at $50,000. Requires submitting an application to claim the credit. Caps the total aggregate amount of all credits allowed to taxpayers under both of the statues at $12.5 million in a taxable year. Allows for a reduction of credits when the total amount of credits claimed exceeds the maximum allowed amount. Allows any unused portion of the credit to be carried forward for five years. Sunsets the statutes effective for taxable years beginning on or after January 1, 2030. Requires the Department of Revenue to include specified information on the credits in the required economic incentives report. Effective for taxable years beginning on or after January 1, 2025.