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Nonprofit NIP donations receive a W.Va. tax credit

December 28, 2012
The Inter-Mountain

Donors who give by Dec. 31 to any of the 204 nonprofit projects in the Neighborhood Investment Program (NIP) can get credit on certain 2012 state taxes.

Interested contributors can visit for a directory of organizations certified by the NIP Advisory Board. The directory helps contributors find projects that match their interests by cause such as children's issues or by location such as local communities.

Contributions can be in the form of cash, personal property, real estate, stock and in-kind professional services. The minimum eligible donation upon which a tax credit can be issued is $500.

Businesses and individuals who donate to approved NIP organizations can receive up to 50 percent of the contributed amount in the form of a state tax credit. NIP credits can be applied to state Corporate Net Income Tax, Business Franchise Tax or Personal Income Tax.

NIP was established by the West Virginia Legislature in 1996 to increase charitable giving to local nonprofit organizations. Mountain hospice is one of the 204 non-profits to receive tax credits. To inquire about tax credits through Mountain Hospice call Shannon Putnam, Director of Development, 1-304-823-3922.

For contact information for the FY 2013 Neighborhood Investment Program participants or for additional information on the program, call Ellen Vance with the West Virginia Development Office at 304-957-2072 or toll-free at 800-982-3386.



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