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Published byChristian Garrison Modified over 8 years ago
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What is the Neighborhood Assistance Program (NAP)? The Neighborhood Assistance Program (NAP) was created by the General Assembly in 1981, to encourage businesses, trusts and individuals to make donations to approved 501(c)(3) non-profit organizations whose primary function is serving a low-income person or an eligible student with a disability. "Low-income person" means an individual whose family's annual household income is not in excess of 300 percent of the current poverty guidelines. The program has $17 million in tax credits where $8 million is allocated for the Virginia Department of Social Services (VDSS) to administer for General Human Services Organizations and $9 million is allocated for the Department of Education (DOE) to administer for Education Organizations.
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How does the Neighborhood Assistance Program work? A NAP application is made available by email request and posted on the VDSS webpage on or around March 15 th each year. Interested 501(c)(3) non-profit organizations whose primary focus is serving low- income persons or an eligible student with a disability may submit a completed application and all required documents no later than the first business day of May each year. DEADLINE: 5:00 PM May 2, 2016 Organizations submitting a completed application package and meeting an eligibility criteria will receive an allocation of tax credits. O rganizations are approved for a 12-month period (July 1 - June 30) and must re-apply each year to participate. A donor may be eligible to receive a tax credit for up to 65% of the donation value when making a qualifying donation to a NAP organization.
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Who qualifies for a Neighborhood Assistance Program (NAP) tax credit? Individuals, Businesses, Trusts, Health Care Professionals, Pharmacists, Mediators or Physician Specialists who make a qualifying donation to a NAP approved organization. What are the donation requirements? The minimum donation for an individual must be at least $500. The minimum donation for a business or trust must be at least $616. The minimum donation for services provided by a Health Care Provider, Pharmacist, Mediator or Physician Specialist must be at least $616.
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What is the procedure for the donor to receive a tax credit certificate? The donor completes a Contribution Notification form (CNF) and returns the form to the NAP organization. A designee at the NAP organization reviews, signs and dates the CNF and sends the CNF form and supporting documentation to VDSS. VDSS issues a tax credit certificate to the donor within four to six weeks from the date the CNF is received. The donor claims the tax credit on their Virginia State Tax return by completing a Schedule CR.
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You may register to attend one of the application workshops or a webinar session for more detailed program information. Registration will begin on March 15 th. DateTimePlace Tuesday, April 5th 10 a.m. – 2:00 p.m. Norfolk, Workforce Center 201 East Little Creek Road, RM 202 Norfolk, Virginia Wednesday, April 6th9 a.m. – 1 p.m. VDSS, Central Regional Office 1604 Santa Rosa Road, Richmond Room Richmond, Virginia Tuesday, April 12th10 a.m.NAP Webinar Please join my meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/439 666661 You can also dial in using your phone. United States +1 (646) 749-3122 Access Code: 439-666-661
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Questions?
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NAP Contact Information Wanda Stevenson (804) 726 -7924 Jessica Jones (804) 726-7920 NAP@dss.virginia.gov Application and NAP information can be found at http://www.dss.virginia.gov/community/nap.cgi
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