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The Neighborhood Investment Program is up for renewal by the West Virginia Legislature in 2015. The West Virginia Nonprofit Association and Philanthropy WV have convened a Task Force of nonprofits and foundations to develop strategy to advocate for its renewal.
We want to tell our legislators about the nonprofits who are recipients of NIP credits. Let us know how NIP credits help your organization expand your donor base, increase revenues to enhance your sustainability, invest in your communities, and expand the programs and clientele you serve. We know NIP credits have become a cornerstone of development efforts for many nonprofits and as the only state tax credit option for charitable giving, we want to see the program continue and grow.
Help us advocate on behalf of all nonprofits in West Virginia.
Read Aloud West Virginia was one of 35 WVNPA member organizations to receive NIP tax credits for 2015.
Members of the West Virginia Nonprofit Association are well represented among the 201 nonprofits named as participants in the Neighborhood Investment Program for 2015.
A total of 35 WVNPA members were awarded $678,800 in NIP tax credits that they can use as they raise the funds to further their missions and programs. West Virginia individuals and businesses that donate to approved NIP organizations support thee work of these nonprofits in their communities and at the same earn credit to reduce certain West Virginia taxes.
The diversity of organizations and programs among Neighborhood Investment Program participants is representative of the diversity of the WVNPA and West Virginia’s nonprofit sector as a whole. Supported programs range from after school programs and childhood literacy to homeless services and job training.
The WVNPA members selected for NIP participation in 2015 include:
- Believe in West Virginia; $21,000 to support Storehouse WV, a gifts-in-kind warehouse serving low income residents
- United Way of the Eastern Panhandle, Berkeley County: $2500 for Early childhood education
- Eastern West Virginia Community Foundation, Berkeley County: $45000 for Direct community service, job training, neighborhood assistance
- Dress for Success, Cabell County: $2500 for Career mentoring
- Faith in Action of the River Cities, Cabell County: $5000 for Senior-Learning Practicum,
- Carnegie Hall, Greenbrier County: $45000 for Arts accessibility
- Greenbrier Valley Theatre, Greenbrier County: $6000 for Student education program
- Trillium, Greenbrier County: $9000 for Education and outreach
- United Way of the Greenbrier Valley, Greenbrier County: $20000 for Low income family assistance
- Covenant House Inc., Kanawha County: $55000 for Homeless programs
- Daymark, Incorporated, Kanawha County: $2500 for At-risk youth programs
- Good News Mountaineer Garage, Kanawha County: $21000 for Transportation assistance
- Highland Hospital Foundation, Inc., Kanawha County: $2500 for pharmacy indigent care
- Kanawha Valley Fellowship Home, Inc., Kanawha County: $21000 for substance abuse recovery
- Legal Aid of West Virginia, Inc., Kanawha County: $21000 for low-income legal services
- Read Aloud West Virginia, Inc., Kanawha County: $3500 for children’s literacy
- Roark Sullivan Lifeway Center, Inc, Kanawha County: $15000 for homeless services
- United Way of Central WV, Kanawha County: $10000 for Program referral project
- West Virginia Child Advocacy Network, Kanawha County: $3500 for child and family advocacy
- West Virginia Health Right, Inc., Kanawha County: $26000 for comprehensive medical services
- Main Street Fairmont, Inc., Marion County: $2500 for Redevelopment/preservation
- Appalachian Outreach, Inc., Marshall County: $10000 for Neighborhood assistance
- Main Street Morgantown, Monongalia County: $2500 for Business Development
- Scott’s Run Settlement House, Monongalia County: $18000 for Backpack Feeding Program
- Community Foundation for the Ohio Valley, Inc., Ohio County: $26000 for The Northern Panhandle Critical Needs Project
- Faith in Action Caregivers, Inc., Ohio/Marshall County: $10000 for Caregiving services
- High Rocks Educational Corporation, Pocahontas County: $25000 for Youth Leadership and Enrichment
- Kingwood Main Street, Preston County: $1500 for Farm to Table program
- Beckley Area Foundation, Inc., Raleigh County: $65000 for Community Service and Famiy Assistance
- New River Community and Technical College Foundation, Inc, Raleigh County: $55000 for College Scholarships
- United Way of Southern West Virginia, Raleigh County: $2500 for Family Assistance
- American Red Cross West Virginia Region, Statewide County: $6000 for Military Veterans Support
- Catholic Charities West Virginia, Statewide County: $26000 for Case Management Services
- Shepherd’s Center of Greenbrier Valley, Greenbrier County: $11800 for Service expansion
- West Virginia Wesleyan College, Upshur County: $26000 for Opportunity Scholarship Program
- Parkersburg Area Community Foundation, Inc., Wood County: $75000 for Building Local Grant Resources
The 2015 NIP participating organizations were announced by the West Virginia Development Office on September 15. The full directory of participants and project descriptions is available for download on the WVDO NIP website.
The Neighborhood Investment Program was established by the West Virginia Legislature to increase charitable giving to local nonprofit organizations. The program allows 501(c)3 designated charitable organizations to apply for tax credit vouchers. These organizations distribute the vouchers to businesses and individuals who contribute to the organizations.
The West Virginia Legislature sets aside $3 million annually in state tax credits for the NIP. To participate, a charitable organization must apply to the West Virginia Development Office. Upon meeting program requirements and obtaining approval from the NIP Advisory Board, organizations are awarded tax credit vouchers. Businesses and individuals that contribute to NIP-approved organizations are eligible to receive up to 50 percent of the contributed amount in the form of state tax credits.
