Nonprofits can apply for Neighborhood Investment Program - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Nonprofits can apply for Neighborhood Investment Program

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West Virginia nonprofit organizations are encouraged to apply for  Neighborhood Investment Program, or NIP, tax credits granted by the West Virginia Development Office before the June 29, 2012 application deadline.

Under NIP, qualified 501(c)3 organizations may use state tax credits as an incentive for donations to fund their eligible projects.

To participate in NIP, organizations must have 501(c)3 nonprofit designation and be registered with the West Virginia Secretary of State's office. 

In order to receive NIP credits through the competitive selection process, nonprofit projects must be community based, benefit low-income individuals, serve distressed neighborhoods, and be collaborative and innovative in addressing strongly demonstrated needs.

The applying organization should have low administrative costs and demonstrated capacity to deliver the proposed services. 

Applications may be found at www.wvdo.org/downloads.