Posts in category: Donors

Get them before they’re gone! Read Aloud West Virginia has received Neighborhood Investment Program (NIP) Tax Credits to distribute to eligible donors on a first-come, first-served basis. NIP credits are administered by the state to encourage donations to local nonprofits.

For example, a donation of $1,000 qualifies for up to $500 in NIP credits off of West Virginia personal income or corporate net income taxes. That means donors can have a $1,000 impact for a bottom-line cost of only $500.

Read Aloud WV motivates West Virginia children to read for fun by putting books in their hands and trained volunteer readers in their classrooms. Research shows kids who read for pleasure become stronger readers, setting them up for long-term academic and career success. Every dollar donated to Read Aloud results in more time spent coordinating with families, schools, and volunteers to get kids the tools they need to grow their reading skills. As little as $100 can fund books for an entire classroom, while $1,100 can fund a month of Books for Babies, which gives all new parents delivering at CAMC a board book to encourage them to read to their child from birth. With low-cost, high-impact programs like these, even the minimum donation to qualify for tax credit ($500) can help hundreds of children and families.

Read Aloud has remained on mission throughout the pandemic, adapting book distributions and volunteer classroom reading efforts to meet the new conditions and needs. “We are busier than ever, and our donors make all this work possible,” says Executive Director Dawn Miller.

If you’re interested in giving early and helping Read Aloud improve the literacy climate in WV, you can:

• Mail a check to Read Aloud WV, PO Box 1784, Charleston, WV 25326 (this is preferred, as there are no fees associated with your donation and Read Aloud receives the full amount to put towards programs).
• Click the Donate button above to make a secure donation through Square.

The maximum tax credit allowed in any one year is $100,000. Donors cannot reduce their total state tax bill by more than 50%, but they have five years to use their credits. If you have any questions, contact Read Aloud headquarters at (304)345-5212.

Our volunteer readers and chapters are the face of Read Aloud, doing the rewarding work, week after week, of motivating children to read for fun. Children who read for pleasure grow into better readers and are more likely to excel in school and beyond. That makes Read Aloud a long-term economic development program.

By supporting Read Aloud, donors make possible the recruitment and organization of our army of 1,100 weekly volunteers, intentional book distribution efforts that stress children’s book choice and ownership, and public education programs that teach families about the importance of reading together.

Ways to give to Read Aloud WV:

• Give to our Annual Fund.
  Read Aloud West Virginia exists entirely on donations from individuals, businesses and foundations. Read Aloud supporters make everything else possible – winning grants and awards for book distribution, leveraging gifts into higher-impact projects, and collaborating with schools and other groups (see page 1). Mailing a check is still the most efficient way to give. Donors are also welcome to give here on our website.
  
  
• Direct a Required Minimum Distribution from a tax-deferred account.
  At age 70½, the federal government requires owners of tax-deferred retirement accounts to take a minimum distribution. Have your financial institution send the disbursement directly to a charity, such as Read Aloud, and the IRS doesn’t count it as taxable income. If it is $500 or more, it may also qualify for state NIP tax credits.
  
  
• Qualify for NIP tax credits.
  Donate $500 or more to a qualifying organization, such as Read Aloud, and receive West Virginia Neighborhood Investment Program tax credits. The credits reduce state personal income tax or corporate net income tax bills by as much as half the gift amount. They can be spread out and used over a five-year period. Donors can receive as much as $100,000 a year in NIP tax credits. Taxpayers may reduce their tax bills by no more than half. Because it is a tax credit, it lowers a tax bill whether the taxpayer itemizes or not.
  
  
• If you are a Kroger customer, set your Kroger Plus card account to benefit Read Aloud West Virginia. Then, shop as usual, and every quarter, Kroger sends Read Aloud a check for a percentage of your spending. Encourage a friend or relative to sign up, too. This kind of passive income is extremely efficient for an organization.
  
  
• If you shop at Amazon, go to smile.amazon.com. Designate Read Aloud as your chosen charity, and as you shop, Amazon will forward a commission to Read Aloud. You must remember to shop at smile.amazon.com for Read Aloud to benefit. Recruit a friend and double your impact.
  
  
• Shop at Books-a-Million’s West Virginia stores on Saturday, Sept. 21. Save the date. When you shop at a BAM! store in Barboursville, Beckley, Bluefield, Bridgeport, Charleston, Martinsburg, Morgantown, Vienna or Wheeling on Sept. 21 and mention Read Aloud at the check-out, Books-a-Million will donate a generous percentage of your purchase to Read Aloud West Virginia.

If you’re only able to give your time right now, please visit our Get Involved page to learn more. We’re so grateful for every donation that comes in and every volunteer that shows up. It’s impossible to say it enough, but we try – thank you for all you do for WV literacy and Read Aloud WV.

You heard correctly, folks! Our NIP tax credits are in, and we are ready to take donations. With a donation of $500 or more, you can get a state tax break for half of the amount.

What does this mean for Read Aloud WV? Well, it means we receive more donations that help us put books in the hands of WV children, and we get to give something back to our donors (besides a heartfelt thank you!) that will help them with their state tax bill at the end of the year.

As the majority of our funding comes directly from individual donors, this can make a huge difference in the projects we’re able to implement in a year. The more our donors are able to help us now, the less we have to fundraise later in the year when our book distributions are in full-swing. This means more time spent directly coordinating with schools and volunteers to get kids the tools they need to grow their reading skills.

Interested in giving early, getting a tax break, and helping us to change the literacy climate in WV? You can donate by:

• Mailing a check to Read Aloud WV, PO Box 1784, Charleston, WV 25326 (this is preferred, as there are no fees associated with your donation and we receive the full amount to put towards our programs).
• Clicking the Donate button in our menu to make a secure donation through Square.
• Going to paypal.me/readaloudwv to make a secure donation through PayPal.

Just be sure to donate $500 or more and put NIP in the memo or notes section, depending on your payment method. We don’t have an unlimited number of credits to give out, however, so it’s a good idea to donate early to ensure you get the tax credit.

Give us a call if you have any questions at (304) 345-5212.

We’re so grateful for the generosity of all of our donors over the years. You make Read Aloud’s work possible in your communities. You help children build a love of reading that will serve them their entire lives. Thank you.