The Alzheimer’s Disease and Related Disorders Association will receive a $250,000 Neighborhood Assistance Program tax credit in fiscal 2006 to help pay for a new resource center.
“This program will facilitate funding for the project and reward generous people for helping us,” said Penny Braun, executive director for the project and the Mid-Missouri Chapter of the Alzheimer’s Association. “It’s terrific. It will bring the project to a close sooner, and it will bring assistance to families sooner.”
The new Alzheimer’s Community Resource Center will provide the “latest research and care techniques for Alzheimer’s patients.” Braun said she hopes the center will be done in a year or two.
The project began with a donation from the late Greg Stockard of Jefferson City. Stockard’s idea was to expand the Alzheimer’s Association in Columbia.
“It will provide a resource center, library with videos and print material, office space for staffing and will help directly with care consultations,” Braun said. “We’ll have a location to do some instruction on site and hold support groups.”
Braun said the association plans to buy land July 1 on Buttonwood Drive, down the street from the Social Security office. The association now is in the Columbia Senior Center, but Braun says the space is too small.
“There are 1,400 families affected by Alzheimer’s or related disorders in Boone County,” Braun said. “We try to take care of 14,000 families within the 29 counties. This new place will make it possible for us to speak and help them through the challenges.”
Peter Koukola, the association’s volunteer board president, said the board will explore additional fundraising opportunities to meet the cost of the facility.
“After exploring all the options, we thought it was the most cost-effective approach to buy the land and provide our own facility,” Koukola said.
Gov. Matt Blunt also approved tax credits for four additional nonprofit organizations, totaling $935,000.
“Through the Neighborhood Assistance Program, donors can redirect their state tax dollars to support local projects that improve the quality of life in many Missouri communities,” Blunt said in a news release. “It is a wise investment that enables charitable organizations and local citizens to work together to meet local needs and solve local problems.”
The Missouri Department of Economic Development administers the tax credits. The program offers partial state credits that allow nonprofit organizations to leverage funds from private businesses for approved community improvement projects.
Businesses can donate cash, materials, supplies or equipment, technical assistance and professional services, labor, real estate or stocks and bonds to these projects. In return, they receive state tax credits that can be up to 50 percent of the total amount contributed and up to 70 percent for projects completed in most rural areas.
The maximum amount of tax credits available for fiscal 2006 is $16 million.