How you can help with new, ground-breaking violin program
The Indiana Housing and Community Development Authority has made the following tax incentives available to anyone who pays Indiana state taxes, giving them the opportunity to profoundly impact the community while also gaining significant tax credits and benefits.
A gift of $100, for example, to "Strings for Kids" costs the donor $25, but affords a child the priceless opportunity to experience the confidence building and joy of making music.
Here's how it works:
Donation Amount and Real Impact | $100 | $1,000 | $2,000 | $3,000 | $5,000 | $10,000 |
Indiana Tax Credit | $50 | $500 | $1,000 | $1,500 | $2,500 | $5,000 |
Estimated Federal Tax Benefit @ 25% | $25 | $250 | $500 | $750 | $1,250 | $2,500 |
Approximate Return | $75 | $750 | $1,500 | $2,250 | $3,750 | $7,500 |
Bottom Line Out-of-Pocket Expense | $25 | $250 | $500 | $750 | $1,250 | $2,500 |
Information provided herein is for illustrative purposes only. Please consult your legal, accounting or financial planning advisers about your personal financial situation before making any gift.
To participate in the program, persons may contact Mark Rabideau, director of Music on the Square and the DePauw School of Music's 21st-Century Musician Initiative, at (765) 301-9274 or markrabideau@depauw.edu.
Checks should be made payable to the Greencastle Civic League.