July 15, 2014
Categories: General News
Tabor College is proud to announce that it has received an award of $190,000 in tax credits from the Kansas Community Service Tax Credit Program of the Kansas Department of Commerce.
Tabor is one of 25 nonprofit organizations awarded tax credits in order to provide support for capital fund-raising projects. Tabor will use these tax credit donations to help fund the new Center for the Arts— set to be built on the main campus in Hillsboro, Kan. in the fall of 2015.
Tabor’s vice president of advancement, Ron Braun, spearheaded efforts to write the proposal to the Kansas Department of Commerce.
“Receiving these tax credits is a major achievement for the Hillsboro community and Marion County. For the State of Kansas to recognize the impact the new Tabor College Center for the Arts will have here strengthens our ability to raise the needed funds to successfully complete the project,” Braun said.
The tax credits will be sold to donors wanting to contribute to the Signature Campaign—the $16.2 million fund-raising effort that began two years ago, specifically geared toward building the new Center for the Arts, endowing the facility, enhancing the campus and providing for the Tabor fund. To date, Tabor needs to raise $1.6 million to complete the funding for the Center for the Arts.
Donors will be able to purchase a minimum of $250 in tax credits to be used during the next 18 months, for their 2014 or 2015 Kansas state income taxes.
Tabor president Jules Glanzer said this is a win-win situation for the college and for the community.
“I am delighted that the Kansas Department of Commerce has recognized that the Center for the Arts will have an impact on the quality of life in our community. Events we have in the facility will increase the quality of life in Marion County,” Glanzer said.
The Community Service Tax Credit Program awarded a total of $4.13 million in tax credits to hospitals, health care organizations, foundations and other non-profits across the state.
“Community Service Tax Credits support the fund-raising efforts of organizations that help make Kansas a great place to live,” Kansas Commerce Secretary Pat George said. “The non-profits receiving CSP awards serve communities all across our state by providing a wide range of services that enhance the quality of life and create economic opportunity.”
For more information on how to purchase tax credits, please call our advancement office at (620) 947-3121 ext. 1706 or email us at email@example.com.