The Missouri Department of Economic Development has approved Boys and Girls Clubs of Springfield for $178,066 in state tax credits.
Boys and Girls Clubs will use proceeds from the credits, provided through DED's Youth Opportunities Program, to increase the number of youth participating in educational, violence prevention, mentoring and employment programs. Programs expected to benefit from the credits include One-to-One/Family Mentoring, Project Learn and Male Minority Mentoring, according to a Dec. 8 news release.
Eligible applicants for the Youth Opportunities Program are nonprofit organizations, schools, faith-based organizations, local governments, Missouri businesses, and public or private entities, according to the program's Web site
Through the program, donors to Boys and Girls Clubs receive 50 percent tax credits for monetary contributions and 30 percent tax credits for property or equipment contributions.
DED's Youth Opportunities Program awards up to $6 million in tax credits annually. Projects are limited to $250,000 in credits, and each contributor is limited to $200,000 in credits.[[In-content Ad]]