At the time, she said the state’s school tax credit program was well known, in which residents can donate money to schools and receive a tax credit in return. {{featured_button_text}}She added that they went to nonprofits asking for help funding the project and promised that it would pay off. “You asked each one of those organizations, ‘So how much money do you have to spend on this? Do you have $500?’ And they were like, ‘I barely have $50, are you kidding?’ So when we pooled all of our money together, then we could leverage the money,” Blume said. An individual can donate up to $400 to qualified charitable organizations and receive a credit for the same amount on their taxes.

Source: Daily Sun December 31, 2020 12:56 UTC