MASON COUNTY — The Neighborhood Investment Program (NIP) is a program overseen by the West Virginia Development Office. Each year approved non-profit organizations such as the Community Foundation of Mason County are allotted state tax credits that can be given to donors who contribute $500 or more for a specific cause.
NIP projects include; improvements to our emergency child shelter facilities, expansion of our adoption and foster care programs statewide, increasing our early intervention services and programs and to expand our we can mentoring program statewide.
The Community Foundation of Mason County Inc. (MCCF) received $30,000 in NIP Credits, allowing them to fund various community programs. MCCF is now excepting donations that are eligible for West Virginia Tax Credit.
For example, a $10,000 contribution to the society would result in $5,000 in state tax savings and a possible federal tax savings of roughly $2,800 and the cost to donors could be as little as $2,200.
According to the MCCF, the NIP program is simple. Send MCCF a contribution of at least $1,000 and they will send donors a tax credit voucher for 50 percent of their contribution. Attach the voucher to the appropriate tax form and deduct the credit from the amount of taxes owed.
“The NIP program provides the donor an excellent way to stretch the value of their charitable contributions while helping to care for children and families all across the state,” according to a press release from MCCF.
“Please consider a donation to The Community Foundation of Mason County of $1,000 or more today and see how beneficial the NIP program is while helping to make a difference in the lives of children,” the release went on to say.
NIP credits are limited to the first donations received, MCCF, Inc. is giving tax credits to donations of $1,000 or more and limiting the tax credits to $5,000 per donor. NIP credits apply to specific child & family welfare programs as well as our education and youth programs. Please call the MCCF office as soon as possible before the foundation has allocated all of their credits. Qualifying donations for NIP credits are on a first come, first serve basis.
Contact MCCF Director Christy Crowell at 304-372-4500 or 304-531-5252 or your accountant for more information.