Carey Services Receives Additional NAP Tax Credits
Carey Services has been awarded an additional $3,552 in Neighborhood Assistance Program tax credits it can offer to donors through March 31, 2016. If credits are not sold in time, eligibility for future credits might be impacted.
NAP is a program that provides Indiana tax credits to not-for-profit organizations for specific projects. Individuals and businesses who make a NAP donation to Carey Services can receive a credit on their Indiana income tax return for 50 percent of the donation amount. Federal tax credits might also be available.
“We were pleased to be informed we would be able to offer additional tax credits to donors as a result of fully committing our first round of credits,” said Jim Allbaugh, president and chief executive officer. The agency’s initial allocation of credits was exhausted last fall. Agencies unable to use all of their original allocation lose the unused amount. Those are reallocated to agencies that were successful in that first round.
“We never know how this part of the process will play out because it depends on factors we can’t control,” said Greg Maynard, director of fund and strategic advancement. “This is a great opportunity for donors in and around Grant County to have another opportunity to link their interests to our mission, while obtaining a great benefit on their personal taxes to a greater degree.”
Carey Services will use the NAP donations to help maintain the Pleasant Woods apartment complex and meet other programming needs. Pleasant Woods is an affordable housing community designed with individuals with disabilities in mind. The community has five one-story accessible duplexes designed to facilitate independent living. The NAP donations will be used to upgrade the facilities to further increase accessibility.
For more information, call April Scott at (765) 668-8961, ext. 111, or email her at ascott@careyservices.com.