All about NAP Credits
Habitat for Humanity of Greater Charlottesville has historically taken part in the Virginia Department of Social Services’ Neighborhood Assistance Program (NAP). The Department issues NAP credits to encourage philanthropic support for certain organizations that provide direct service to low-income persons within Virginia localities.
New credits issued this fiscal year (July 2013-June 2014) mean that for a minimum gift of $500, a donor will receive a 65 percent credit against his or her income tax liability to the State of Virginia. For example, a $2,000 donation generates $1,300 in tax credits. For a donor in the top tax bracket, this can result in total tax benefits equal to 105% of the gift amount.
To date, we have been able to leverage significant funds in support of our Partner Families while providing this additional incentive to donors. We have just received an additional allocation of credits, but they are likely to go fast due to the extremely favorable rate and their corresponding popularity. Call today to reserve your credits.
If you happen to call after all credits have been distributed, we may be issued additional credits if any remain unused by other organizations. In this case, we will keep your name on a waiting list and issue them retroactively on a first come first served basis.
And, please keep in mind that any donation you designate toward Project 20—our commitment to the community to build at least 20 homes per year until poverty housing in our area is eliminated—will be matched by an anonymous donor, meaning you can help more Partner Families achieve success, faster.
Thank you for your generosity!
If you would like to be added to the list, please call us at 434-293-9066 and ask for Justin, Jess, or Katie or email our development department with additional questions.