Fairmont State Foundation Donors Can Recieve State Tax Credits - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Fairmont State Foundation Donors Can Recieve State Tax Credits

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FAIRMONT -

The Fairmont State Foundation has received tax credits through the West Virginia Development Office's Neighborhood Investment Program.

The credits offer special giving incentives to help raise money for student scholarships.

Donors to the Neighborhood Investment Program Scholarship fund are eligible to receive a tax credit in the amount of 50 percent of their contribution. This is in addition to the federal tax deduction as part of itemized deductions for charitable gifts.

The NIP Scholarship benefits West Virginia residents attending FSU whose yearly income is at or below 125 percent of the federal poverty level.

The Foundation has raised more than $1 million in support of the NIP Scholarship fund since 2005.

To take advantage of the tax voucher program, donors may make a minimum contribution of $1,000 to the Foundation's Neighborhood Investment Program Scholarship. Credits are available on a first-come, first-served basis.

"Contributions can be made to the Fairmont State Foundation," said Will Armistead, Present of the Fairmont State Foundation, Inc. "They are 100 percent tax deductible. They can be sent to the Foundation at 1300 Locust Avenue in Fairmont. 26555."

For additional information on the opportunity, call 304-534-8786.