- February 28, 2023
- All Day
What does NIP stand for?
NIP stands for Neighborhood Investment Program and is a WV tax credit program that provides tax liability incentives to those donating to qualifying 501(c)3 nonprofit organizations. Learn more about the Neighborhood Investment Program.
Does The Education Alliance qualify for NIP tax credits?
Yes. The Education Alliance is one of the 200 nonprofit organizations in West Virginia that receives NIP tax credit vouchers.
What are the benefits of NIP tax credits?
Individuals or businesses who contribute a minimum of $500 in eligible donations will receive up to 50% in tax credit, allowing the donor or corporation to reduce their West Virginia tax liability no more than 50%.
What kinds of donations are eligible for NIP tax credits?
The types of donations accepted for the NIP program include:
- Personal Property
- In-Kind Professional Services
- Real Estate/Property
How do I receive NIP tax credits by donating to The Education Alliance?
Contact Sally Barton at [email protected] with the following information:
- Full Name
- Donation Amount
- Donation type (i.e. Cash, personal property, in-kind professional services, real estate property, or stocks).
AS OF 01/19/2023 THERE IS ONLY $1,700 LEFT IN NIP TAX CREDITS