Tax Credits for Donations: An Incentive for Businesses and Individuals Gemeinschaft Home has been approved by Virginia’s Neighborhood Assistance Program (NAP) to provide tax incentives for certain individuals and businesses who make donations to the organization. Participating donors will be eligible to claim a tax deduction (up to 65% of the amount) awarded through credits distributed by Gemeinschaft Home and certified by the Commonwealth of Virginia. Such an arrangement provides much needed income for the operating and program costs of the organization and offers a motivation for potential donors who otherwise might contribute a smaller amount or give to another organization all together—a true win-win situation for all. Gemeinschaft Home residents face significant income restrictions, both because of the time spent incarcerated and the economic obstacles of a labor market that systematically discriminates against convicted felons. Additional funds generated through NAP enable us to better serve our residents, by providing them with better resources, tools, and information for life recovery and the future. For more information about the Neighborhood Assistance Act Tax Credit, donor eligibility requirements, and the necessary steps for making a donation for NAP tax credit purposes, please visit our website (www.gemeinschafthome.org) or call us at 540-434-1690. Comments are closed.
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August 2023
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