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Community Service Tax Credits Support Education, Healthcare and Housing Projects

Secretary David Toland Awards Community Service Tax Credits to Kansas Non-profits

 

Topeka, Kan. – Secretary of Commerce David Toland announced today the award of Community Service Tax Credits (CSP) to 17 non-profit organizations to support education, healthcare and housing projects across the state.

CSP is a tool that dramatically enhances fundraising efforts, providing a 70% tax credit to qualified donors in rural communities of less than 15,000 population and 50% in larger communities. For example, a donor making a $100 gift in a rural community receives a $70 tax credit when they file their state taxes, making the net cost to the donor only $30.

“These nonprofit organizations provide so much to their communities,” Governor Laura Kelly said. “We must do everything we can to support them. Community Service Tax Credits will help build stronger communities and a stronger state.”

“Community Service Tax Credits are a powerful tool to fuel the success of important projects that support the quality of life in communities large and small,” Secretary Toland said. “I’m proud that these projects are both a reflection of Governor Kelly’s priorities and of the priorities of the communities. I wish we had the funds to assist everyone who applied. Many more applicants presented important and worthy projects that we were unable to fund this year.”

Awarded companies were chosen through a competitive, score-based selection process.

For this fiscal year, the Department of Commerce is fully disbursing all CSP funds. Due to the amount of funds allocated, 17 of the 39 requested projects (constituting 21.2% of the total funds requested) are being awarded.

The awarded companies and the indicated need for funds are as follows:

 

About the Community Service Tax Credit Program (CSP)

Each year since 1994, the Kansas Community Service Program has given nonprofit organizations a way to improve their ability to undertake major capital fundraising drives for various projects. Tax credits are allocated each year and awarded on a competitive application basis to nonprofit organizations.

Projects eligible for tax credit awards include community service, crime prevention, health care, and youth apprenticeship and technical training. Based on the scope and cost of the proposed project, applicants may request up to $250,000 in tax credits. Applicant organizations in rural areas (less than 15,000 population) are eligible for a 70% credit. Applicant organizations in non-rural areas are eligible for a 50% credit.

Scores are tallied based on the following criteria, among others:

 

 

 

Ryan Brinker

Public Information Officer

ryan.brinker@ks.gov

 

Kansas Department of Commerce

1000 SW Jackson St. Ste. 100

Topeka, KS 66612-1354

Phone: 785-296-4931

Cell: 785-276-9723

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