Stone Belt has received an allocation of $16,690 in tax credits for 2009-2010 from the State of Indiana, establishing a fundraising goal of $31,380. Here's how NAP tax credits work:
By making a donation to Stone Belt ($100 or greater), you will be able to utilize Neighborhood Assistance Program Tax Credits - allowing you to get half of your contribution back as a TAX CREDIT on your Indiana taxes next spring, with the option of also claiming the entire gift as a deduction on your itemized federal tax return. Not only will you get a great break on your taxes next April; you'll provide funding for a much-needed program within the agency. This means that your gift will be worth more than twice as much as it actually costs you.
Here's an example - if you give a gift of $100, you will make a check out to Stone Belt for that whole amount. Along with the contribution, you'll complete some paperwork that we will send into the state on your behalf. Several weeks later, the state will send you a letter that indicates you have a tax credit for $50 (or half of whatever you have donated over $100). That means, when it comes time to pay your state taxes next April, you will get to pay $50 less; or if you don't owe anything, you'll get $50 back! The important thing is to hold onto the paper from the state, and file it with your tax return. If you also file an itemized federal tax return, you can also then claim a deductible contribution of the entire $100, which will save you even more. So your $100 gift will actually only cost you $50 or LESS.
Stone Belt utilizes the donations from the NAP tax credit program to support additional clinical hours at Milestones. Because many people with developmental disabilities have difficulty expressing themselves verbally, traditional modes of therapy and counseling are not as effective as therapy provided by professionals trained to work with the unique challenges of people with developmental disabilities. Stone Belt's Milestones Clinical and Health Resources fill a gap in providing psychological and psychiatric services to these individuals. Through NAP, our Milestones Services will be able to provide approximately 2000 more hours of clinical service to people with developmental disabilities within the next year. As you know, the individuals who benefit from Milestones would not otherwise have access to specialized psychological or psychiatric services. Their participation will enhance their efforts to become more independent and active community members.
If you are interested in participating in giving to Stone Belt through the NAP program, please email Amy Jackson, Development Director, or call 812-332-2168, ext. 314.