Greeley foundation earns tax credits
Published on -8/15/2013, 11:01 AM
Special to The Hays Daily News
The Kansas Department of Commerce announced last week 28 nonprofit organizations, including one in Wallace County, will share $4.13 million in tax credits under the Kansas Community Service Tax Credit Program. Since 1994, CSP has helped nonprofit organizations undertake major capital fundraising drives for various projects.
"The nonprofit groups that are receiving CSP tax credits are doing valuable work in our state," Kansas Commerce Secretary Pat George said. "They provide critical services for the citizens and communities that rely upon their endeavors. It's terrific that we're able to support these organizations' efforts to better the quality of life in Kansas."
Greeley-Wallace County Healthcare Foundation, Sharon Springs, will receive $25,000 in credits, and plan to use the influx of capital to purchase and install communications equipment. The equipment will be used in medical facilities spread across two counties.
Projects eligible for tax credit awards include community service, crime prevention and health care. Tax credit awards are distributed through a competitive application process. 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 percent credit. Applicant organizations in non-rural areas are eligible for a 50 percent credit.