Donors can obtain tax credits from WVU Children’s Hospital

MORGANTOWN, W.Va. – West Virginia University Children’s Hospital has West Virginia Development Office Neighborhood Investment Program (NIP) tax credits available for businesses and individuals who make a minimum donation of $500.

Established by the West Virginia Legislature in 1996 to increase charitable giving to local nonprofit organizations, the NIP program allows 501(c)3 designated organizations to apply for tax credit vouchers. Approved organizations then make the vouchers available to businesses and individuals who make donations. In turn, donors earn credits for up to 50 percent of the contributed amount to reduce corporate net income taxes, business franchise taxes and personal income taxes in the state of West Virginia. Three percent of the donation goes back to the state to pay for the administrative costs of running the NIP.

Only donations to WVU Children’s Hospital’s Charity Care Program are eligible to receive the NIP credits. The Charity Care Program assists those patients who are of low income or are uninsured and/or underinsured. The program pays for everything from a doctor’s visit to laboratory work to lengthy hospital stays. For patients who meet the charity care guidelines, it covers the high co-pays for the underinsured or the total cost for those who are uninsured.

For the current state fiscal year, which ends June 30, WVU Children’s Hospital received $50,750 in NIP credits. To date, $27,500 in credits remains. Credits are available on a first-come, first-served basis.

Businesses and individuals interested in obtaining NIP credits from WVU Children’s Hospital should contact Dee O’Palko, development officer, at 304-598-4346 ext. 4.

For information on WVU Children’s Hospital see www.wvukids.com.



For more information:
Angela Jones, HSC News Service, 304-293-7087
asj: 01-30-09

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