What Is NIP?
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 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 each year.
ChildLaw has been a reoccurring recipient of the NIP credits for the past 18 years. This program allows us to give an "extra thanks" to all of our donors. To find out more, contact our office today!
The Neighborhood Investment Program (NIP) is a program overseen by the West Virginia Development Office. Each year only a few non-profit organizations, like ChildLaw Services, are allotted state tax credits that can be given to donors who contribute $500 or more for a specific cause.