The Eastern West Virginia Community Foundation (EWVCF) just received a small reallocation of West Virginia NIP Tax Credits that need to be claimed by donors by June 30th. Thanks to the West Virginia Development Office Neighborhood Investment Program (NIP), West Virginians can actually reduce their state tax liability by up to 50%. A $1,000 gift to the Community Foundation translates into an actual $500 savings in West Virginia state taxes.
“Tax credits can help donors make sizable gifts that will benefit our community this year, and forever,” says Michael Whalton, executive director of the Eastern West Virginia Community Foundation. “These NIP eligible gifts will support our Community Impact Funds in the five counties we serve – Berkeley, Jefferson, Morgan, Hampshire, and Hardy.”
Gifts of $500 to $2,000 are eligible for the NIP tax credits which will be awarded on a first-come, first-served basis. To reserve NIP Tax Credits, send an email to info@EWVCF.org and include NIP Tax Credits as the subject, your name, and the amount of the gift you would like to make (the minimum is $500 and the maximum is $2,000. There are very few credits available so please email ASAP!
We will get back to you to let you know if the credits you requested are still available, and to provide information on sending your contribution if they are. All gifts must be received by the Community Foundation by June 30th (the end of West Virginia’s fiscal year). Thank you for your support.