The Commonwealth of Virginia’s Neighborhood Assistance Program (NAP) encourages businesses, individuals, and trusts to make donations to nonprofit organizations that provide services to low-income Virginians. We’re excited that Family Lifeline is a participating NAP organization this year!
We received our annual allocation of state income tax credits on July 1 and are making them available to all new donors or current donors on a first-come, first-served basis while they last.
- New donors of $500 or more would receive tax credit of 65% of the donation. Thus a $500 donation would return $325 in tax credits; a $5,000 donation would return $3,250 in credits.
- Returning donors of $500 or more would receive tax credit of 50% of the donation. Thus a $500 donation would return $250 in tax credits; a $5,000 donation would return $2,500 in credits.
We invite you to invest in our community and Family Lifeline by taking advantage of this special opportunity. Your support is critical and plays a vital role in helping us to create independence, stability and safety for many of Greater Richmond and Petersburg’s most vulnerable families.
Some important rules to be aware of:
- The credits are for unrestricted “no strings attached” gifts.
- Credits are only allowed for donations made directly to Family Lifeline. Donations made to Family Lifeline through intermediaries such as United Way, Give Richmond, the Commonwealth of Virginia (CVC) Campaign, donor-advised funds, etc. are not eligible.
- Any credit card donations made through Family Lifeline’s PayPal account require additional paperwork and any processing fees must be deducted from the total donation.
- The minimum donation for an individual is $500 and the maximum is $125,000 for cash or marketable securities.
- Minimum donations from a business is $616 and must be made directly to Family Lifeline in the form of cash, stock, merchandise, or real estate.
Please contact Rebecca Butler in Family Lifeline’s Development Office at (804) 249-5424 or [email protected] for more information and next steps.