Youth Opportunity Program Tax Credits
A 50 percent tax credit is available for individuals, businesses, and corporations who have Missouri income tax liability and make a gift of $1,000 or more to Edgewood Children’s Center to support counseling and education services for children with severe emotional, behavioral, and communication disorders.
Youth Opportunity Program tax credits are available on a first-come, first-served basis. Upon receipt of your cash or stock gift, Edgewood will provide an easy one-page application for you to complete along with instructions. We will forward your application to Missouri Department of Economic Development and a tax credit certificate will be mailed to you in 4-6 weeks. The application for tax credits must be completed and submitted within the first 12 months after the gift is made, but once awarded, you may use your tax credits anytime within five years of your donation.
Below is a sample illustration of how Youth Opportunity Program tax credits can impact a $1,000 gift to Edgewood.*
| Missouri Tax Credit (50% of gift) | –$500 |
| Federal Income Tax Deduction (28%) | –$280 |
| State Income Tax Deduction (6%) | –$60 |
| Federal Tax on State Savings | +$140 |
| Net cost to you | $300 |
*Example is for someone in a 28% federal tax bracket.
Please consult your tax advisor to see how the tax credits will work for your specific tax situation.
Please contact Ellen Reed-Fox, Chief Development Officer, at (314) 919-4736 or ereed-fox@eccstl.org if you have questions or would like additional information about state tax credits through the Youth Opportunity Program.