SUSIE NELSON
Most people who don’t work in the nonprofit community in West Virginia are unfamiliar with the Neighborhood Investment Program. The NIP is a program of the West Virginia Development Office and provides a limited number of tax credits to nonprofit organizations to use for fundraising.
Here’s how it works: Nonprofit organizations apply to the Development Office for these tax credits. Organizations that are awarded tax credits are provided a specific number of credits to use for fundraising for their approved program. Those tax credits are then given to donors (individuals or corporations) that make a gift of $500 or more to the organization for the approved program. Most participating organizations give 50% tax credits to each donor.