Hospice of Huntington accepted into West Virginia NIP

November 11, 2018

HUNTINGTON — Hospice of Huntington has been accepted into the West Virginia Neighborhood Investment Program (NIP), enabling it to distribute tax credit vouchers to individual and corporate contributors.

By donating to approved “NIP” organizations, contributors can support their communities while earning credits to reduce certain West Virginia state taxes, according to a news release from Hospice of Huntington.

Credits are available from Hospice on a first come, first served basis to eligible donors to Hospice of Huntington, Inc. Contributions can be in the form of cash, personal property, real estate, stock and in-kind professional services, with a minimum eligible donation value of $500.

“As the end of the year approaches, now is a great time for individuals and businesses to partner with Hospice of Huntington on the NIP program,” said Dickson. “You can earn tax credits while supporting the important work of Hospice.” She said the credits can be used to reduce liability for West Virginia personal income taxes, West Virginia business franchise taxes and West Virginia corporate net income taxes.

“Generally, a tax credit is more beneficial to the donor than a tax deduction,” Dickson added. “Contributors will receive a tax credit voucher which lists the amount of the contribution, on form WV-NIP-1.”

The West Virginia 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. When awarded, the approved organization can then distribute the vouchers to business and individuals who contribute a minimum of $500 to organizations, receiving up to 50 percent in tax credit, and allowing the donor or corporation to reduce their West Virginia tax liability no more than 50 percent.

Non-profit organizations interested in the NIP apply annually to the West Virginia Development Office (WVDO). The applicant must be registered with the Secretary of State as a 501(c)3, have a letter from the IRS stating they are non-profit, serve citizens in the state of West Virginia, have a local board, submit various financial documentation and attend a mandatory workshop.

For more information on availability and how to donate, contact Karen Dickson, Director of Planned Giving & Major Gifts at kdickson@hospiceofhuntington.org or call 304-633-2169.

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