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Home Categories Business News

Donors to United Way of Greenbrier Valley can receive state tax credits

January 8, 2015
in Business News
Reading Time: 1 min read
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Donors who give by Dec. 31 to the United Way of Greenbrier Valley, an approved member of the Neighborhood Investment Program (NIP), can receive credit on their 2014 state taxes. A limited amount of tax credits are made available to non-profits through a grant process. United Way of the Greenbrier Valley, serving Greenbrier, Monroe, and Pocahontas counties, has received $20,000 credits.

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

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.

The United Way of Greenbrier Valley funds programs and services that address at least one or more of our ‘common good goals’ of education, income and health in addition to basic needs.

• Education – Increase the Greenbrier Valley high school completion rate.

• Income – Increase the number of income opportunities in the Greenbrier Valley that offer a livable wage.

• Health – Increase the number of citizens in the Greenbrier Valley who are healthy and avoid risky behaviors.

• Basic Needs – Assist families in crisis and in meeting their daily needs of food, clothing and shelter.

By teaming up with agencies and community partners and working together to bring resources, ideas, expertise, and commitment to the table, we can create powerful strategies that will result in measurable and lasting change in our community. For more information please call 304-647-3783 or email

carol@unitedwaygreenbrier.org.

 

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