Tax Credits Speed Flow of Food
"We have a number of donors who are very generous in their gifts and the tax credits are an incentive to them to make that donation," said Peggy Kirkpatrick, director of the food bank.
That $250,000 in tax credits represents double that amount in donations such as Cheerios, meat, cheese, vegetables and oatmeal, items people need to just get by at the end of each month.
Betty Grant, a widow with three children, receives food stamps but, she admitted, "It doesn't last you a whole month. Sometimes you run out, you know, until the third of the month, and so it means a lot to me to be able to come here. I appreciate it."
The Department of Economic Development offers $16 million in tax credits to donors of approved charities, but not all the money has been used this year. There's no application deadline, which means the money is still available. For charities, the credits are simply a way to increase donations.