Interested in applying for tax credits for your donation to Wyman?

Missouri’s Department of Economic Development has awarded Wyman Neighborhood Assistance Program (NAP) and Youth Opportunities Program (YOP) tax credits to support our work with young people across the region. Eligible donors receive a tax credit equaling 50% of their gift to Wyman.

By pairing NAP or YOP with usual tax deductions, your gift to Wyman could be made at a very low net cost.

The above example is not intended to represent tax advice. Consult your tax advisor to learn how tax credits will benefit you.

Who Qualifies for YOP?

These credits are available to qualified individuals and corporations, with an eligible gift of $1,000 or more. Corporations or individuals paying Missouri state income tax AND increasing their annual gift to Wyman or donating to Wyman for the first time are eligible. Gifts made via check, credit card, and stocks qualify.

Qualified YOP donors include:

  • Individuals
  • Businesses with Missouri state tax liability

Who Qualifies for NAP?

These credits are available to qualified individuals and corporations, with an eligible gift of $1,000 or more to support Wyman’s Capital Campaign.

Qualified NAP donors include:

  • Corporations
  • Farm Operation
  • Financial Institution
  • Individual partner in a Partnership or shareholder in an S-Corp
  • Individual reporting income from rental property or royalties
  • Insurance Company
  • Limited Liability Corporation or Partnership
  • Partnership
  • Sole Proprietorship
  • Small Business Corporation

The list of NAP qualified donors can be found here.

How can YOU benefit from these programs?

You may apply your charitable donation to your federal and state income tax returns and receive an additional 50 percent Missouri State Tax Credit. Tax credits may be applied to the tax year in which the donation was made, or at any time in the next five tax years.

Contact Kristine Raterman to find out if your contribution is eligible for YOP or NAP, Kristine.Raterman@wymancenter.org or 636.549.1235.

 

Please note that the Missouri Department of Economic Development requires all NAP and YOP applications and supporting documentation to be submitted within one year of the donation date. Applications submitted past that deadline will not be accepted.