DED awards Big Brothers Big Sisters $59K in tax credits

The Missouri Department of Economic Development has approved Springfield-based Big Brothers Big Sisters of the Ozarks for $59,105 in state tax credits.

Credits were made available through DED's Youth Opportunities Program, which provides tax credits to organizations that foster youth development or crime prevention projects, according to a DED news release.

Eligible applicants are nonprofit organizations, schools, faith-based organizations, local governments, Missouri businesses, and public or private entities, according to the Youth Opportunities Program Web site.

Through the program, approved organizations solicit donations from the community; donors receive 50 percent tax credits for monetary contributions and 30 percent tax credits for property or equipment contributions.

Big Brothers Big Sisters of the Ozarks will use donations received through the Youth Opportunities Program toward its mentoring program, which matches at-risk youth in the Springfield area with adult role models, the release said.

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]]