United Way NAP Tax Credits

Are you a business owner or recipient of Missouri business income who pays Missouri state income taxes? Would you like to pay less in state taxes? Neighborhood Assistance Program (NAP) tax credits are available at United Way for eligible donors gifting $10,000 or more. You can reduce your taxes while supporting a United Way program that addresses a current challenge facing our community.

Here’s how tax credits might work with a gift of $10,000:

Donation – $10,000
Missouri Tax Credit (50%) – ($5,000)
Missouri Income Tax Deduction (6% of Net Donation*) – ($300)
Federal Income Tax Deduction (37% of Net Donation*) – ($1,850)
Total Out-of-Pocket Cost – $2,850

*rate assumed for individual with business income and assuming federal benefit based on contribution net of Missouri tax credit. United Way of Greater St. Louis does not provide tax advice. Consult your tax advisor to determine your potential tax liabilities.

Who is eligible?
Any business or individual with Missouri business income.

What gifts are eligible?
Gifts of cash, stocks or bonds designated to United Way’s United For Families.

WHAT PROGRAM CAN I SUPPORT?

United For Families

United Way of Greater St. Louis’ United for Families program assists families experiencing a crisis or on the verge of destabilization due to income insecurity, representing 43% of households with working adults who cannot afford to meet their monthly basic needs. United for Families provides individualized case management, financial coaching, and emergency financial assistance to stabilize and support families on their road to restoring self-sufficiency and increased financial security.

How do I make a gift and receive the tax credit?
Contact Dorianne Vogt at 314.539.4160 or Dorianne.Vogt@stl.unitedway.org to confirm tax credit availability and arrange payment. You will then receive an acknowledgment letter and a short tax credit form to fill out and return to United Way of Greater St. Louis. Ultimately, you will receive a certification letter directly from the State of Missouri indicating your tax credits have been approved.

Donors receive a tax credit equaling 50% of the contribution. The tax credits may be applied against the following Missouri state tax liabilities: corporate state income tax, excluding withholding tax imposed by sections 143.191 to 143.265 of RSMo, corporate franchise tax, gross premium receipts tax of insurance companies and tax of banks and other financial institutions, and gross receipts tax of express companies. NAP tax credits can be carried forward for five years and are not transferable. Remember, United Way of Greater St. Louis does not provide tax advice. Please consult a tax professional before making a donation.