We are no longer accepting IDA Donations for 2018.  Please return in January 9, 2019 to make a 2019 contribution.

Stock and Mutual Fund Contributions - 67% Tax Credit Rate

  • Your tax credit rate will be 67%
  • Within 1-2 weeks of our receiving your payment and donor form, you will receive an acknowledgment letter confirming your contribution to Neighborhood Partnerships – a 501(c)(3) nonprofit organization

Important Information for All Donors

  • The Oregon Dept. of Revenue requires we collect donor Social Security Numbers or Employee Identification Numbers
  • There is a $500,000 limit on tax credits an individual can claim on contributions

STEP 1: COMPLETE THE DONOR FORM

Donor Form

For a fillable PDF:

  1. Right click here, click "save link as," and save the form to your desktop
  2. Open the form from your desktop (do not edit the form in your internet browser)
  3. If you have donated before, you may send your form without your social security number to hwaterman@neighborhoodpartnerships.org.  If you have not donated before, please include your SSN and follow the mailing instructions below.

STEP 2: MAIL OR FAX YOUR DONOR FORM

Mail:
Neighborhood Partnerships
ATTN: Oregon IDA Initiative
2501 SW First Ave, Suite 120
Portland, OR 97201

Or Fax: 503-226-3027

For security purposes, please do not email your form to us if it includes your social security number.


STEP 3: FOLLOW DONATION INSTRUCTIONS

Instructions

FAQs

Overall Tax Credit FAQs

Why do you need my Social Security or Employment Identification Number?
The Oregon Department of Revenue now requires that all tax credit contributions include a Social Security Number or Employment Identification Number. This will help the Department of Revenue connect your contribution to your tax return.  Your personal identification is secure and will never be shared with anyone besides the Department of Revenue. View the Oregon IDA Security Documentation for Handling Donor Information.

Do contributions also qualify for a deduction on a federal tax return?
We are restricted from offering tax advice.  As you know, tax issues are very complicated and can vary on a case-by-case basis.  You (or your clients) should consult tax and/or financial advisors before committing funds to the IDA Initiative or any other tax credit program.  This information is not intended to offer nor held out as offering tax or investment advice to any individual or business.

If someone doesn’t need to apply all of one’s tax credits this year, can the credits be used next year? 
Yes.  Excess tax credits can be carried over for up to three years.

Is there a limit to the amount of contributions the Oregon IDA Initiative may receive each year?
The “cap” on contributions to the Initiative is now calculated differently. We are limited to $7.5 million in state expenditure each year.  This is a slight increase over previous funding levels. Track the availability of credits here.

What do I do if an acknowledgement letter has been misplaced for a previous contribution? Are copies available?
We’re happy to help. If you are the donor, contact Hannah Waterman by email or phone (503) 226-3001 x107  and we can mail you and/or email you a copy of the acknowledgement(s). If you are a CPA or financial advisor requesting on behalf of your client, please have your client email us, authorizing us to send you a copy of the acknowledgement.  The letter will indicate the tax credit percentage for the contribution.

What changes have been made to the Oregon IDA Tax Credit?
In 2015, the Oregon Individual Development Account (IDA) Tax Credit was renewed until 2022. In the renewing legislation (ORS 315.271) the Oregon Legislature specified a state contribution of $7.5 million, a tax credit rate not to exceed 70% and no maximum contribution limit for an individual taxpayer.

In 2016, a $500,000 limit on tax credits an individual can claim on contributions was instated. Neighborhood Partnerships, in concert with Oregon Housing and Community Services (OHCS), proposed several strategies to maximize funding to the Oregon IDA Initiative while maintaining quality relationships with donors and financial professionals that have been built over many years. The effectiveness of these strategies will be regularly evaluated.

Since 2017, Oregon IDA Tax Credits have been issued in whole dollars only. We will round down for amounts 49 cents and less.  We will round up for amounts 50 cents and greater. For example, a donation by check of $500.75 will equal a tax credit of $351.00 rather than $350.53.

View a timeline of the 2015 and 2016 changes with links to ORS and bills.

What is the maximum an individual can contribute?
There is a $500,000 limit on tax credits an individual can claim on contributions. For instance, if someone were to contribute via check at the 70% tax credit rate they would be able to donate up to about $714,285.71.

What is the minimum an individual can contribute?
There is a no minimum.

Stock and Mutual Fund Contribution FAQs

How will my stock be valued?
Please read our stock valuation policy.

What's changed from previous years?
Donors may now give stock contributions throughout the year, so long as tax credits are remaining.

 

Contact us

Hannah Waterman by email or by phone at (503) 226-3001 x107


Managed by Neighborhood Partnerships, the 28-year-old, 501(c)(3) nonprofit partner of the State of Oregon. 

Please note! Tax issues are very complicated and can vary on a case-by-case basis. To determine any additional tax benefits, please contact your tax and financial advisor. This information is not intended to offer nor held out as offering tax or investment advice to any individual or business. You should consult your tax and financial advisor before committing funds to the IDA Initiative or any other tax credit program.