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NAP Credits

INRC has been awarded Neighborhood Assistance Credit (NAP credits) for the 2017-2018 grant year. Total NAP credits available for 2017 is $4128.00.

What is NAP?
NAP credits allow a donor to INRC to recieve state tax credits to their state tax liability at 50% of the donation. For example: for your donation of $1000, your donation write off on your state taxes would be $500 in direct credit to your total state tax liability. 

NAP Credit State Requirements:  Only minimum donations of $100 qualify and no more than $50,000 can be donated towards the NAP credits in the fiscal year.

Learn more about NAP on the IHCDA website.

Interested in NAP credits? Email Jennifer Coffey, Director of Development, jcoffey@inrc.org


NAP FAQ

What are Neighborhood Assistance Program (NAP) Tax Credits?

NAP is a program of the State of Indiana, administered by the Indiana Housing and Community Development Authority (IHCDA). Each year, NAP offers $2.5 million in tax credits for distribution to 501(c)(3) not-for-profit organizations across Indiana. As an awardee/recipient of NAP tax credits, INRC is utilizing the credits as a fundraising tool to help us leverage additional contributions from individuals and organizations to support our programs that support Indianapolis neighborhoods, grassroots leaders and not-for-profits.

How do NAP Tax Credits work?
When a donor purchases credits, they receive a tax credit toward their Indiana state income tax liability valued at 50% of the amount of their purchase. The donor receives this credit when filing their Indiana state tax return. Donors may also be eligible to claim the amount of the gift as a tax deduction on an itemized federal income tax return, extending the savings even further.

Who is eligible to be a donor and make a contribution?
Any individual or business with Indiana income tax liability may purchase up to $25,000 in NAP credits per fiscal year (a $50,000 donation).

How do I make a donation?
The process is simple! Call to make a donation by check or go online! Donations can be made to INRC by check or credit card. Donations can be made online at https://donate.inrc.org/.

Is there a deadline?
Yes! 2017 NAP credits must be sold by Sunday, December 31, 2017.

How does a donor redeem NAP tax credits?
After donating to INRC, we will send you a thank you letter and a completed from, specifying the amount of your donation that is eligible for NAP credits, which you should keep and include with your state tax returns. You will need to file a Schedule 6 with your return. When completing the Schedule 6, the donor will cite the “Neighborhood Assistance Credit” and use the tax credit code 828.