Tax Credits

"Tax credits give you the opportunity to put your state tax payments to work where YOU want them. A $100 gift to Youth in Need reduces your state taxes by more than $50 and your federal taxes by $15 to $35, depending on your tax bracket. So I put my tax payments to work where they do the most good."

- Jerry Daniels, Retired President and CEO,
Military Aircraft & Missle Systems, The Boeing Company
A Youth In Need Board Member
Missouri State Tax Credit Programs

Do you pay Missouri State income taxes? Would you like to pay less next year? Make a minimum $100 donation to Youth In Need, and you'll receive a 50 percent Missouri State Tax Credit. The total contribution also may be claimed in full as a charitable deduction on your federal income tax return for the year the donation was made.

The Neighborhood Assistant Program (NAP):

Who qualifies? Anyone who owns a business, pays Missouri State Income Tax and contributes at least $100 to Youth In Need in the form of check, credit card, and/or appreciated stock. For example, a part-time business, such as rental income, qualifies for the NAP credit, which reduces the total tax liability from all income sources.

How will Youth In Need cliens benefit? Your contribution will help assist low-income families and at-risk older youth achieve self-sufficiency, safe housing and healthy development.

Youth Opportunity Tax Credit Program (YOP):

Who qualifies? Anyone who pays Missouri State Income Tax, including individuals, and donates at least $100 to Youth In Need in the form of check, credit card, and/or appreciated stocks.

How will Youth In Need clients benefit? Your contribution will help provide educational/ employment training and housing for homeless youth.

How will you benefit from these programs? You may apply your charitable donation to your federal and state income tax returns and receive an additional 50 percent Missouri State Tax Credit. Tax credits may be applied to the tax year in which the donation was made, or at any time in the next five tax years.

Example:

Donation	$1,000
Less Federal and State Tax Savings (Net of maximum AMT offset)	$375
Less State Tax Credit of 50 Percent	$500
Total Tax Savings	$875*
Estimated net cost of donation after tax savings	$125*

*The above example assumes the highest federal tax bracket of 35 percent and highest Alternative Minimum Tax (AMT) rate of 28 percent. Individuals in a lower tax bracket, subject to a lower AMT rate and taxpayers not subject to AMT will experience less, though still considerable, tax savings. The gift of appreciated securities will provide additional benefits not reflected in the above example.

The above example is not intended to represent tax advice. Please consult your tax advisor to learn how tax credits will benefit you specifically.

Here’s what Youth In Need supporters are saying about tax credits:

Dan Rodrigues, former Group President of DRS Technologies and a Youth In Need Development Committee Member, said, “I would have been a Youth In Need supporter anyway. However, the fact that Youth In Need offers its donors tax credits makes supporting the organization personally beneficial as well. Taking advantage of Youth In Need's tax credits gives each donor the power to make a greater impact with their dollars. If a person gives $100 to Youth In Need, then why not give $1,000 through tax credits? With the tax benefits, the $1,000 donation only costs the donor $100. That $1,000 donation goes a lot further to help the children and families Youth In Need serves."

Jerry Daniels, retired President and CEO, Military Aircraft & Missile Systems for The Boeing Company, and Youth In Need’s Immediate Past Chairman of the Board of Directors said, “I have been taking advantage of tax credits for Youth in Need for many years. I honestly cannot think of a better way to really help a great agency while minimizing your out-of-pocket expenses and knowing exactly how your tax dollars are being used.”

Save even more with a gift of appreciated stock!

Income from employment (full- or part-time)
Income from investments
Business Income (See NAP eligibility listed below)

Here’s how it works:

Complete and return your Youth In Need donation (a minimum of $100 to take advantage of tax credit benefits).

Donate online or mail your donation to:

Youth In Need

Attn: Development Office

1815 Boone’s Lick Road

St. Charles, MO 63301

Upon receipt of the contribution indicating you wish to use Missouri State Tax Credits, Youth In Need will reserve tax credits in your name, in the amount you specify, and send you an acknowledgement letter with instructions on how to complete the simple tax credit application form.

Complete the tax credit application form, and return it to Youth In Need. Youth In Need will certify the completed form and submit it to State officials. Within four to six weeks, you will receive an official tax credit letter to include with your tax return.

Missouri State tax credits are available to anyone subject to Missouri state income tax. The minimum allowable cash contribution is $100; the maximum contribution is $250,000, resulting in direct credits of $25 and $125,000 respectively against Missouri state income taxes due. These tax credits are available on a first-come, first-served basis.

Tax credits may be applied to the tax year in which the donation was made, or any portion of the tax credit not claimed may be carried over the next five succeeding tax years.

The total contribution may also be claimed in full as a charitable deduction on your federal income tax return for the year that the donation was made.

Tax credits are limited! They are available on a first-come, first-served basis. Be sure to contribute today! For more information, call 636-757-9348.

Which Tax Credit Program Is For You?

Qualified donations include:

Checks
Credit Cards (Visa, MasterCard, American Express) (Remember that you can earn credit card incentives when you make a donation on your credit card.)
Donations of Appreciated Stocks (Remember you can avoid long-term, capital gains taxes with a stock donation to Youth in Need.)

Youth Opportunity Program (YOP) qualified donations include:

Income from employment (full- or part-time)
Income from investments
Business income (See NAP eligibility listed below)

Neighborhood Assistance Program (NAP) qualified donations include:

Business Income Eligibility (You qualify, if you file one of the below items.)

Corporation Missouri Form 1120
Sole Proprietorship Federal Form 1040, Schedule C andMissouri Form 1040
Farm Operation Federal Form 1040, Schedule F and Missouri Form 1040
Individual Reporting Income from Rental Property or Royalties Federal Form 1040, Schedule E and Missouri Form 1040
Small Business Corporation (S Corp) Missouri Form 1120S
Partnership Missouri Form 1065
Financial Institution (Includes Banks, Credit Institutions, Savings & Loan Associations, Credit Unions, Farmer’s Cooperative Credit Associations, or Building and Loan Associations)
Missouri Financial Tax Return Insurance Company Missouri Insurance Tax Return with the MO Department of Insurance
Individual Partner in a Partnership or Individual Shareholder in an S-Corp. Federal Form 1040, Missouri Form 1040
Limited Liability Corporation/Partnership Missouri Form 1120, 1120S or 1065
Note: Missouri State Tax Credits can be applied to business or personal taxes. The contribution must be made by personal check and not a partnership or S. Corp. check.

Download the Missouri State Tax Credit form.

To leave a legacy for future generations, contact Rob Muschany, Vice President of Development, at 636-757-9348, or contact your money manager.