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NIP Tax Credits

The Eastern West Virginia Community Foundation (EWVCF) participates in the West Virginia Neighborhood Investment Program (NIP), a tax credit program.  This program allows West Virginians to reduce their state tax liability by up to 50%.  EWVCF applies for these tax credits every June through the West Virginia Development Office and the awards are announced in early September. We currently do not have any NIP Tax Credits available. Please check back throughout the year for updates and announcements.

“Tax credits can help donors make sizable gifts that will benefit favorite charities this year, and forever,” says Michael Whalton, executive director of the Eastern West Virginia Community Foundation. NIP tax credits can save taxpayers up to 50% of what they own in WV State taxes while supporting important nonprofit programs. “We are focusing on growing our unrestricted endowment so we can address the most pressing needs in our community,” stated Whalton. Fifty percent of all NIP eligible gifts is being directed to our Community Impact Funds in the five counties we serve – Berkeley, Jefferson, Morgan, Hampshire, and Hardy.”

GUIDELINES

The minimum gift to EWVCF to qualify for NIP tax credits is $500. Contributions up to a certain amount earn a 50% tax credit. Contributions made to the Community Foundation for NIP tax credits will be allocated as follows: 50% of the contribution will be dedicated to building unrestricted endowments at the Community Foundation and 3% of the gift goes back to the West Virginia Development Office to cover their cost of implementing the program.  The remaining 47% of the gift can be directed to one or more of the qualifying funds here at the Community Foundation.

ELIGIBLE FUNDS

A number of Community Foundation field of interest funds qualify for the credit, including the Joan Roach Volunteer Fund for the Needy, Eastern Panhandle CARE Fund, Housing Action Fund, and the Mini-Grants to Teachers Fund.  Many nonprofit organizations in the region, including CCAP Loaves and Fishes, CASA of the Eastern Panhandle, Jefferson County Community Ministries, Camp Frame 4-H, Boys and Girls Club of the Eastern Panhandle, Healthy Smiles Dental Clinic, Shepherdstown Daycare Center, Junior Mentoring Program (JUMP), Shenandoah Women’s Center, and Community Networks, Inc. – Bethany House have agency endowed funds which can be supported by the Neighborhood Investment Program.

To receive a list of funds that are eligible for NIP tax credits at our affiliates in Hampshire and Hardy counties, please email Amy Pancake at apancake@EWVCF.org.

INSTRUCTIONS

Any resident may contribute, but individuals who are 72 and have a Traditional IRA can use a Qualified Charitable Distribution (QCD) from their IRA to receive NIP tax credits. Donors may use the credits to reduce liability for West Virginia Personal Income Tax or Corporate Net Income Tax. Donors interested in reserving NIP tax credits to support nonprofits in Jefferson, Berkeley, or Morgan counties should call Michael Whalton at (304) 264-0353 to discuss how they would like their gift to be used to benefit local charities. Gifts of appreciated stocks our mutual funds may also be used for NIP tax credits.

Individuals wishing to support Hampshire County nonprofits can call Amy Pancake at (304) 822-7200. The Hardy County contact number is (304) 538-3431.

We ask that all NIP eligible gifts be made to the Community Foundation by December 15th.

HISTORY

The Eastern West Virginia Community Foundation was founded in 1995 and serves Jefferson, Berkeley, Morgan, Hampshire, and Hardy counties. Each year, it awards more than $1 million in grants and scholarships to local nonprofit organizations and college-bound students. The Foundation also provides financial stewardship for 265 component funds and holds over $39 million in total assets.

Recent Posts

  • EWVCF Accepting Scholarship Applications
  • 2023 EWVCF Winter/Spring Grant Opportunities
  • EWVCF Now Accepting 2023 Scholarship Applications
  • EWVCF Awards Over $160K in Youth and Education Grants to Eastern Panhandle Nonprofits and Schools
  • 27th Annual Report to the Community Now Online

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EWVCF Downloads

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Financial Reports

2021 Financial Statements

2021 IRS Form 990

2020 Financial Statements

2020 IRS Form 990

2019 Financial Statements

2019 Form 990

2018 Financial Statements

2018 Form 990

2017 Financial Statements

2017 Form 990

2016 Financial Statements

2016 Form 990

2015 Financial Statements

2015 Form 990

Reports to the Community

26th Annual Report to the Community

25th Annual Report to the Community

24th Annual Report to the Community

23rd Annual Report to the Community

22nd Annual Report to the Community

21st Annual Report to the Community

2014 Report to the Community

The Community Foundation has many governing documents, including a Conflict of Interest Policy. These are available upon request.

The Community Foundation is not currently required to file a Form 990-T. However, if at some future date we are required to file one we will post it on our web site.

Contact EWVCF

Eastern West Virginia Community Foundation
229 East Martin St., Suite 4
Martinsburg, WV 25401
www.EWVCF.org
info@EWVCF.org
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304.264.0353
Fax: 888.507.8375

Contact Hampshire CCF

Hampshire County Community Foundation
Post Office Box 40
Romney, WV 26757
www.hampshireccf.org
info@hampshireccf.org
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304.822.7200
Fax: 888.507.8375

Contact Hardy CCF

Hardy County Community Foundation
Post Office Box 1058
Moorefield, WV 26836
www.hardycountycf.org
info@hardycountycf.org
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304.538.3431
Fax: 888.507.8375

Vision

Our Vision is to build vibrant communities that provide opportunities for everyone living in the Eastern Panhandle of West Virginia.

Mission

Our Mission is to inspire philanthropy, serve donors, strengthen communities, and improve the quality of life in Eastern West Virginia now and for future generations.

Values

We Value diversity, provide exceptional stewardship, and fully embrace accountability, integrity, professionalism, and transparency in everything we do.

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