What is the Maternity Home tax credit?
The Maternity home Tax Credit allows a donor to give $100 or more in cash, stocks, bonds, securities and real property to The Haven of Grace to get half of it back in the form of a Missouri State tax credit.

What is a Tax Credit?
A tax credit is a deduction directly off what you owe in taxes to the State of Missouri during a taxable year. You also take a regular deduction in calculating Federal income taxes.stocks, bonds, securities and real property to The Haven of Grace to get half of it back in the form of a Missouri State tax credit.

The Statute...
The State of Missouri Maternity Home Tax Credit came into effect January 1, 1998. Donations to The Haven of Grace are eligible for a 50% credit against taxes owed to the State of Missouri. This is in addition to normal Federal and State tax deductions.

For the taxable year 2003, The Haven has been allocated approximately $125,000 per quarter in tax credit available. Contributions must equal or exceed $100, and the maximum amount of qualifying contributions is $50,000 per taxpayer per taxable year. The Maternity Home Tax Credit was recently expanded to include not only cash donations, but stocks, bonds and other marketable securities or real property.

A copy of the Maternity Home Tax Credit statute will be sent to anyone who requests one. If you have any questions regarding contributions, please call Diane Berry at 314-621-6507.

How it Works...
The Haven of Grace will report the receipt of contributions that qualify for the tax credit on a form provided by the Division of Family Services. This form is known as the Maternity Home Tax Credit Application.

Within 30 days of receipt of the Tax Credit application, the Division will provide notification of its decision to approve the application to the taxpayer, the maternity home and the Missouri Department of Revenue.

The Benefits...
With this credit in place, there is no more efficient place to put a donation dollar than The Haven of Grace.

The benefit of tax deductible gifts to The Haven is a wonderful advantage to giving-as we all know. But the calculation EXPLODES the advantage when you apply the special tax credit from the State. Remember that this tax credit is worth 50% of the amount contributed.

1. Make a contribution of $100 to $50,000. 2. Complete the Maternity Home Tax Credit application mailed to you. 3. Return it to The Haven of Grace. Please consult your tax advisor before making your contribution to confirm the effects of the tax credit on your personal tax status. A Schedule A Itemized Deductions form is required.

Examples for gifts of $1,000 - 40% TAX BRACKET Federal Tax Savings $400 Missouri Tax Savings $30 Missouri Tax Credit $500 Total Savings $930 Out of Pocket $70     34% TAX BRACKET Federal Tax Savings   Missouri Tax Savings   Missouri Tax Savings   Total Savings   Out of Pocket

Gift Fund Categories for The Quadrangle Project Honorary Ph.D. a gift of $50,000 or more Master’s a gift of $25,000 or more Bachelor’s a gift of $10,000 or more Senior a gift of $5,000 or more Junior a gift of $2,500 or more Sophomore a gift of $1,000 or more Freshman gifts to $999