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When you invest in the future of a person with a disability you may also be eligible for a generous tax break from the State of Missouri.
NAP CREDIT PROGRAM
The Neighborhood Assistance Program (NAP) is a tax credit program of the Missouri Department of Economic Development. Tax credits are awarded through a competitive process that considers a non-profit organization's quality and fiscal responsibility as well as the project's measurable outcomes.
Life Skills is honored to be a NAP recipient for a two year project.
The Project Overview
Eligible donors can receive a 50% state tax credit in addition to a federal charitable tax deduction for qualified donations.
Your donation will help Life Skills continue to offer people with disabilities the opportunity to find and keep a job. Nearly 300 people with disabilities that Life Skills Foundation supports are expected to benefit from these individualized services which include skills assessment, job development, on the job coaching and retention services. The project is necessary to provide uninterrupted, high-quality employment services.
Qualified Donations
Cash gifts of $1,000 and up and stock gifts of $5,000 and up from eligible donors to the NAP project provide you with a 50% tax credit on your Missouri taxes. Other qualified donations include: materials; supplies or equipment; technical assistance and professional services; or labor related to the NAP project.
Eligible Donors
To be an eligible NAP donor, you must have a business tax liability in Missouri and be one of the following:
- A corporation
- A small business corporation (S Corp)
- A limited liability corporation/partnership
- A partnership
- An individual partner in a partnership or shareholder in an S-corporation
- A bank, credit institution, saving and loan association, credit union, farmer's cooperative credit association, or building and loan
- An insurance company
- An individual who:
- has rental property in Missouri
- has royalty income in Missouri
- operates a sole proprietorship in Missouri
- operates a farm in Missouri
Applying For NAP Tax Credits
For cash gifts: Send your business check marked NAP in the memo section along with a note stating the gift is for the NAP project to:
Life Skills
10176 Corporate Sq. Drive, Ste. 100
St. Louis, MO 63132-2924
For stock gifts: Please contact the development department at (314) 567-7705, ext. 1309.
Questions?
Should you have questions or need assistance, please contact Sandy Haas shaas@lifeskills-stl.org or (314) 567-7705, ext. 1309.
Life Skills is a non-profit charitable 501(c)3 organization. Please consult your tax advisor to determine the tax deductibility of your donations.
Example: If you give $5,000 to Life Skills, you will reduce your bottom line Missouri tax liability by $2,500 (50% of gift). You can deduct this amount from your taxes any time over the next five years. And your entire gift is deductible on your federal income taxes as well. |
