The Neighborhood Assistance Program (NAP) allows Missouri taxpayers to determine where their state tax dollars will be utilized by donating to charitable organizations. St. Louis Arts Chamber of Commerce has been approved to offer $248,162.50 of NAP tax credits to our supporters.
Eligible donors receive a tax credit equaling 50% of your gift to St. Louis Arts Chamber of Commerce for our Creative Placemaking efforts to enhance the cultural expression and sustainability of neighborhoods through job development, education and environmental sustainabiity in historically underserved neighborhoods. This credit combines with your federal and state charitable income tax deduction to lower the actual net cost of your gift to cents on the dollar.
Who Qualifies
- Corporations
- S-Corporations
- Individuals operating a farm in Missouri
- Individuals operating a sole proprietorship
- Individuals with rental property in Missouri
- LLCs
- Partnerships
- Express companies
- Financial institutions
- Insurance companies
How it Works
For every NAP dollar you give to the StL Arts Chamber, you will receive 50% of your contribution as a direct tax credit on your income tax. Making a $10,000 gift to the Foundation would only cost you $5,000. In addition, the balance can be deducted from your federal taxes decreasing your total out of pocket costs. Examples for 38% tax bracket*:
Your Gift to the St. Louis Arts Chamber
What You Get in Exchange
Your Actual Out of Pocket Cost
$50,000 Gift
Lowers state taxes paid by $25,000 from NAP Credits AND a $19,000 federal tax deduction
Actual expense is $6,000 out of pocket
$15,000 Gift
Lowers state taxes paid by $7,500 from NAP Credits AND a $5,700 federal tax deduction
Actual expense is $1,800 out of pocket
$5,000 Gift
Lowers state taxes paid by $2,500 from NAP Credits AND a $1,900 federal tax deduction
Actual expense is $600 out of pocket
*This is not intended to represent tax advice. Please consult your tax advisor to learn how tax credits will benefit you specifically.
How to obtain and use the tax credits
- Make your contribution in cash, stock, property, materials, equipment or supplies to St. Louis Arts Chamber of Commerce. Be sure to indicate your desire to apply for tax credits on your donation (check or online from memo line). We will send you an acknowledgement, the form and brief instructions on how to fill out the NAP tax credit application.
- Complete and return the notarized NAP form with proper documentation to: St. Louis Arts Chamber of Commerce, Attn: NAP Tax Credits • 1511 Mason Hill Ct • St. Louis, MO 63131
- After receiving your completed form, St. Louis Arts Chamber will mail both the application and proof of donation to the Missouri Department of Economic Development.
- You will receive a certification letter directly from the State of Missouri indicating approval within 3-4 weeks, including directions on how to redeem your tax credits.
Eligible donations can be redeemed or claimed when you file your tax return.
Any remaining tax credit balance can be used during the next five years.
Contact Sandy@stlartschamber.org or call 314 965 4975 to ask questions or make a donation to start the process!
