Ebenezer Medical Outreach has been approved for a NIP Grant. The Neighborhood Investment Program (NIP) is a tax credit program of $3 million each year, which allows 501(c)3 designated charitable organizations to apply for tax credit vouchers, which began in 1996 with $2 million. When awarded, the organization can distribute the vouchers to business and individuals who contribute a minimum of $500 to organizations, receiving up to 50% in tax credit, allowing the donor or corporation to reduce their West Virginia tax liability no more than 50%. The organizations pay a 3% fee on the donation, which offsets the administrative costs of NIP.
Find more details here:
https://wvcad.org/sustainability/neighborhood-investment-program
Download NIP Neighborhood Investment Brochure (PDF)