Missouri DED approves Columbia food bank for $250k in tax credits

3 years 3 months 5 days ago Monday, September 08 2014 Sep 8, 2014 Monday, September 08, 2014 3:23:11 PM CDT September 08, 2014 in News
By: Christina Santiago, KOMU 8 Reporter

COLUMBIA - The Missouri Department of Economic Development (DED) said Monday it approved a $250,000 in tax credits for the Columbia food bank under the Neighborhood Assistance Program (NAP).

"We feel relieved, frankly," said food bank director Peggy Kirkpatrick. "The approval process is extremely competitive, and hundreds of not-for-profits apply for the tax credits. We feel very thankful the department recognizes the importance of what we do."

The DED approved $1,090,747 in tax credits to four food banks and one food pantry:

• Harvesters - The Community Food Network in Kansas City has been approved for $250,000
• Ivy Bend Community Food Pantry in Stover has been approved for $215,747
• Operation Food Search, Inc., in St. Louis has been approved for $250,000
• Southeast Missouri Food Bank in Sikeston has been approved for $125,000
• The Food Bank For Central & Northeast Missouri, Inc., in Columbia has been approved for $250,000

Travis Sappinton works for the Columbia food bank and said this tax credit will help the organization reach its ultimate goals.

"We had 40,000 volunteers last year," Sappington said. "That's the same as the number of people living in Jefferson City. We could never pay all those people, much less purchase the food and supplies we send out around the state every day. This credit gives businesses incentive to donate."

The NAP helps not-for-profit organizations raise money by providing partial state tax credits to businesses that make contributions to approved community improvement projects.

Businesses can donate money, materials, supplies, equipment, technical assistance, professional services, labor, real estate or stocks and bonds.

Tax credits can equal up to 50 percent of the total amount contributed, or they can equal up to 70 percent for projects located in some rural areas.

Not-for-profit organizations participating in the NAP program conduct fund raising and outreach activities or provide services such as crime prevention, education, job training, physical revitalizations and more.

Not-for-profit organizations throughout Missouri use the NAP to make their communities a more desirable place to live and work, as well as to contribute to the community's economic development.

Earlier this summer, Gov. Jay Nixon announced more than $4 million in funding through the Missouri Community Service Commission's AmeriCorps program for 21 not-for-profit organizations. A portion of the $4 million was directed specifically toward food bank organizations.

 

More News

Grid
List
OLATHE, Kan (AP) — A third man has been convicted in the killing of a suburban Kansas City gun... More >>
40 minutes ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 8:46:29 AM CST December 14, 2017 in News
JEFFERSON CITY - The Missouri Department of Health and Senior Services said it concluded a three-month long investigation into a... More >>
1 hour ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 7:54:30 AM CST December 14, 2017 in News
JEFFERSON CITY - Mid-Missouri could be gaining its second, fully-accredited Montessori school. Tonight Woodland Montessori will put forward its... More >>
2 hours ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 6:53:00 AM CST December 14, 2017 in News
UPDATE: The Missouri State Highway Patrol has confirmed they have arrested 36-year-old Audrey Griffith in Audrain County in connection with... More >>
2 hours ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 6:49:00 AM CST December 14, 2017 in News
COLUMBIA - On Wednesday evening, Columbia Police Officers were dispatched to the 2300 block of Carpenter Drive in reference to... More >>
3 hours ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 6:20:46 AM CST December 14, 2017 in News
COLUMBIA - Columbia Police Officers responded to the 1500 block of Vandiver Drive in reference to a reported home invasion... More >>
3 hours ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 5:28:42 AM CST December 14, 2017 in News
Update: Columbia Police Officers have made an arrest in regards to Wednesday morning's incident in the 1500 block of Fir... More >>
4 hours ago Thursday, December 14 2017 Dec 14, 2017 Thursday, December 14, 2017 4:50:00 AM CST December 14, 2017 in News
JEFFERSON CITY (AP) — The director of the Missouri Veterans Commission has resigned amid complaints about care at the St.... More >>
10 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 10:37:00 PM CST December 13, 2017 in News
SALINE COUNTY - Former Columbia Police officer Rob Sanders will head back to the courtroom in May 2018 as he... More >>
11 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 10:03:00 PM CST December 13, 2017 in News
The St. Louis Cardinals have acquired outfielder Marcell Ozuna from the Miami Marlins. The deal is pending a physical. ... More >>
11 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 9:41:00 PM CST December 13, 2017 in Sports
COLUMBIA - Today the Federal Communications Commission will vote on a plan to repeal net neutrality and librarians worry this... More >>
12 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 8:44:00 PM CST December 13, 2017 in Continuous News
AUDRAIN COUNTY - The man who was found on Audrain Road 913 Tuesday next to a crashed car died of... More >>
12 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 8:32:00 PM CST December 13, 2017 in News
MOBERLY - Missouri law enforcement is impeded by a number of issues in cases involving child sexual abuse. Alleged... More >>
13 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 8:20:00 PM CST December 13, 2017 in Target 8
COLUMBIA - The Columbia Chamber of Commerce hosted the ninth and final public hearing by the 21st Century Missouri Transportation... More >>
14 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 7:12:00 PM CST December 13, 2017 in News
COLUMBIA - The Federal Communications Commission vote to repeal net neutrality is fast approaching. The vote to remove regulations that... More >>
14 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 7:12:00 PM CST December 13, 2017 in News
JEFFERSON CITY - The Justice Reinvestment Task Force took a big step Wednesday when it comes to addressing mental health,... More >>
14 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 6:53:00 PM CST December 13, 2017 in News
COLUMBIA - As Columbia Regional Airport plans to expand, it got a push from Mayor Brian Treece. Treece called... More >>
14 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 6:37:00 PM CST December 13, 2017 in News
COLUMBIA - Missouri is among the worst states nationwide at preventing its young people from smoking and using tobacco, according... More >>
15 hours ago Wednesday, December 13 2017 Dec 13, 2017 Wednesday, December 13, 2017 6:15:00 PM CST December 13, 2017 in News
Columbia, MO
Broken Clouds 33°
10am 34°
11am 34°
12pm 35°
1pm 36°

Select a station to view its upcoming schedule:

Coming Up Next

9:00a
Megyn Kelly TODAY
10:00a
Today with Kathie Lee & Hoda
11:00a
Rachael Ray
9:00a
The Steve Wilkos Show
10:00a
Jerry Springer
11:00a
Jerry Springer

Tonight's Schedule

6:30p
Football Night in Indianapolis
7:20p
Thursday Night Football
7:00p
iHeartRadio Jingle Ball 2017
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld