The West Virginia Neighborhood Investment Program is up for renewal this year –
read on to learn more about the partnership between
From a media release:
Grappling with growing community needs and lost fundraising opportunities due to the COVID-19 pandemic, nearly 150 nonprofits, charities, foundations and United Ways across West Virginia
have sent a joint letter to Governor Jim Justice and the Legislature asking for the
renewal and expansion of a critical charitable giving incentive program
The West Virginia Neighborhood Investment Program (NIP) was established in 1996 to encourage donations to local nonprofit organizations. The tax credit program of $3 million each year allows 501(c)3 designated charities to apply for tax credit vouchers which are distributed to businesses and individuals who contribute to their organizations. Those charitable contributors support their communities while earning credits to reduce certain West Virginia business and personal taxes. Approximately 24,500 donations from individuals and businesses have been received throughout the life of the program. The NIP is set to end on June 30, 2021.
If a bill to renew the program does not pass during the 2021 legislative session,
the tax credits will expire and leave hundreds of West Virginia organizations without an
important tool to secure donations at a critical time for nonprofits that are
central to the state’s response to the COVID-19 pandemic.
Has the NIP enhanced the work of your organization?