Neighborhood Assistance Program
Apply now for Missouri Neighborhood Assistance Program Tax Credits
Businesses, don't miss out on this great giving opportunity! Donate through Missouri Neighborhood Assistance Program (NAP) tax credits from January 1, - December 31, 2012.
Quick Facts about 2011 NAP Tax Credit Program and Gateway Greening, Inc.
The Missouri Department of Economic Development (DED) awarded Gateway Greening tax credits to support our City Seeds Urban Farm jobs training program. Tax credits are 50% of the value of the gift. You receive a direct credit when you file your return. Donations must be received by December 31, 2012, payable to Gateway Greening.
Eligibility? Any business, corporation, sole proprietorship or an individual renting property that incurs a Missouri state tax liability is eligible. Some donors create their own LLC to be able to donate through NAP. Cash or a bank card donation is eligible, if they are provided during the normal course of business.
What this means for your business is an out of pocket expense of around 16 cents on the dollar or less!
For a cash or bank card donation of $10,000
|
Federal Tax Bracket |
28% |
33% |
35% |
|
NAP State Tax Credit 50% |
$5,000 |
$5,000 |
$5,000 |
|
Federal Charitable Deduction |
$2800 |
$3300 |
$3500 |
|
State Charitable Deduction |
$600 |
$600 |
$600 |
|
Tax Savings |
$8400 |
$8900 |
$9100 |
|
Estimated Out of Pocket Cost to Donor |
$1600 |
$1100 |
$900 |
This example is intended as a guide and not tax advice. Please consult your tax advisor for how NAP tax credits specifically can benefit you. Additional benefits may apply for STOCK DONATIONS.
Why should my business consider this method of charitable giving?
- It stretches the amount you are able to give and You decide where your state tax dollars go. It stays in your community and goes to projects that work.
- NO RED TAPE! NO ADMINISTRATIVE EXPENSES! Gateway Greening administers the program. You fill out a ONE PAGE application and give us proof of value/receipt. We send it in. You check the box on your return, fill in the credit amount, and subtract. That’s it!
- You may use the credits for this tax year and/or spread them over the next five tax years.
Questions? Call Mara Higdon,Gateway Greening Program Director, 588-9600 ext. 113
Please join us in our 28th year of making St. Louis a healthier place to live
In 1978 Missouri initiated the Neighborhood Assistance Program (NAP). Now, more than 10,000 Missouri businesses have given more than $275,000,000 in private donations to over 1,000 non-profits. The businesses received more than $125 million in state tax credits to pair with charitable federal and state tax deductions.
Recent Photos
