Fairmont State and the Fairmont State Foundation, Inc., announce a limited and urgent giving opportunity with the creation of the Neighborhood Investment Program Scholarship. The scholarship will benefit West Virginia residents attending the institution whose yearly income is less than the federal poverty level.
By giving to the Neighborhood Investment Program Scholarship fund, donors are eligible to receive West Virginia state tax credits for 50 percent of their donation. The scholarship is in direct result of $19,000 in West Virginia state tax credits awarded to the institution from the Neighborhood Investment Program (NIP) sponsored by the West Virginia Development Office. All gifts of $500 or greater are eligible to receive these West Virginia state tax credits.
This is the first year that the Fairmont State Foundation received NIP funding, and the institution was granted one of the largest awards in the state. Tax credits must be used by March 2006, or they will be reallocated away from Fairmont State. This affects the amount of tax credits Fairmont State can receive in subsequent years, and will directly affect the continued success of the NIP Scholarship, designed to help low-income West Virginia students at Fairmont State.
“This is a wonderful opportunity for donors to Fairmont State to directly affect the lives of the students who need it most, while receiving valuable West Virginia state tax credit,” said Chris Morgan, Foundation Director of Operations and Finances.
“Please help the Fairmont State Foundation, Inc., support low-income students attending Fairmont State this year and for many years to come.”
In order to be eligible to receive the tax credits, donations to the Neighborhood Investment Scholarship Fund at Fairmont State must be $500 or more. Call Chris Morgan directly at (304) 367-4788 or K. Jean Ahwesh, Executive Director, toll free at (866) 372-2586 for more information or to take advantage of this special opportunity.
The mission of the Fairmont State Foundation, Inc., is to support, through ethical stewardship, the mission of Fairmont State University and Fairmont State Community & Technical College. The Foundation will identify, establish and cultivate meaningful relationships with Fairmont State alumni and potential and existing funding constituencies to meet contributor needs while securing funds and supporters for priority objectives identified by the Board of Directors.