We have been awarded NAP credits for 2023-24 and are now able to provide them on a first come, first serve basis.
What Are NAP 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 a recipient of NAP tax credits, NeighborLink Indianapolis is using the credits as a fundraising tool to help us use additional contributions from individual donors and organizations to support our mission of helping one of Indy's most vulnerable populations age-in-place safely and with dignity.
How Do They Work? A donor purchases credits with a donation of $100 or more to NeighborLink Indianapolis and in so doing, 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.
Can businesses participate? Yes! 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). A minimum contribution of $100 is eligible for NAP credits whether it is by a business or individual donor.
I want to purchase NAP credits, how do I do it? Yes! 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). A minimum contribution of $100 is eligible for NAP credits whether it is by a business or individual donor. Check with Rachel to know how many of our credits are still available.
Donations can be made
By Check: NeighborLink Indianapolis, 3421 N. Park Ave., Indianapolis, IN 46205 with NAP as the memo line.
Online: the form below, Select a donation amount $100+ or write in your own amount. After making your donation, we will send a thank you letter and a completed form, specifying the amount of your donation that is eligible for NAP credits. Keep this form to include in your state tax returns. You will need to file a Schedule 6 with your return and cite "Neighborhood Assistance Credit."
After you donate: Fill out the required Indiana Housing and Community Development Authority Donor Contribution Form and return it to firstname.lastname@example.org.