“Compassion in Action”
Capital Campaign Tax Incentive

Ozarks Food Harvest, the Food Bank of the Ozarks, is a 501(c) 3, not-for-profit corporation.  Your donation is tax deductible to the full extent of the law.  Ozarks Food Harvest recently received tax credits to be used to leverage contributions to our Compassion in Action capital campaign to build a new distribution warehouse.  Missouri Development Finance Board (MDFB) state tax credits will be awarded to contributors to the capital campaign.  They can be applied directly to your state income tax liability

Contributions (checks) should be made out to Missouri Development Finance Board, accompanied by a completed “Verification of Contribution to Development & Reserve Fund” Form 100 (which will be provided to you by Ozarks Food Harvest).  The contribution and form should be returned to Denise Gibson at Ozarks Food Harvest who will forward to the MDFB office in Jefferson City on your behalf.  Based on MDFB regulations, only contributions of $5,000 and above are eligible for these economic development tax credits.

Upon acceptance of Contributions and submission of the necessary forms, the taxpayer making the Contribution (the “Donor”) will be issued a certificate evidencing state tax credits in an amount equal to 50% of the amount of the Contribution.  Tax Credits are to be taken in the taxpayer’s current tax year, although such credit may be carried forward for up to five years.

The Tax Credit Statute entitles the Donor (individuals, estates, trusts, and corporations) to receive a credit upon any tax otherwise due under Chapter 143 (excluding 143.192 to 143.261), Chapter 147, and Chapter 148 of the Missouri Statutes.  The exclusions are certain withholding taxes identified in the Tax Credit Statute.

How do these tax credits benefit you?

The following is an example of a $10,000 tax deductible contribution to OFH’s Compassion in Action Capital Campaign:

Please note: this serves as an example only. Please consult your tax advisor on how this project will specifically benefit you. Taxpayers subject to the Federal Alternative Minimum Tax will likely receive an additional overall tax savings. MDFB tax credits are for the tax year in which the contribution is made and can be carried forward for five succeeding tax periods. Federal and State charitable deductions are not affected by contributions resulting in tax credits.

 Tax credits are available based on eligible tax deductible contributions (minimum $5,000) paid to OFH to assist The Food Bank in the successful conclusion of the capital campaign. To receive these tax credits, OFH must receive the pledge of your eligible contribution by November 15, 2008.  However, physical contributions can be made any time prior to December 15, 2008. This will result in 50% MDFB tax credits for contributions of cash, stocks and bonds.

 Please contact Bart Brown or Denise Gibson at (417) 865-3411 for more information regarding contributions that are eligible for tax credits. Thank you for your consideration of our request and your support of Ozarks Food Harvest’s mission to Transform Hunger into Hope™ for thousands of hungry men, women and children across southwest Missouri.