Great news! Fair Grove Senior Center’s Neighborhood Assistance Program project application has been approved. This is a $350,000 tax credit project. What that means to us is that certain Missouri taxpayers can donate up to $500,000 (in total) to Fair Grove Senior Center and they in turn will receive up to $350,000 in tax credits. If those taxpayers itemize their income tax returns, those donations can be used to further reduce their tax bills. In fact, as I understand it, at a certain marginal federal income tax rate, donations can be made with no out of pocket cost to a donor.
Making the assumption that we sell all $350,000 of the tax credits and receive $500,000 in donations, we can add that and the $250,000 Community Development Block grant previously approved to our building fund. That will bring the total building fund to over $800,000 dollars.
While we are not certain at this point how much the building will cost to construct, we are getting very close. We will continue to have fundraisers such as the cash raffle we have going this summer, and other events to follow that to make sure we have enough money to finish the building.
Aside from the cost of prizes, every penny earned goes into the building fund. In past years we have raffled off various items. Those items have not appealed to everyone, so this summer the raffle will consist of cash prizes. Winners can spend their prize money anyway they want.
The grand prize in our raffle is $1,000. As with the gun raffles we held the last two years, winning tickets will be placed back in the ticket box for the next drawing round, so you could win more than once.
Click on the photo below for details about raffle.
Cash raffle tickets are available in Fair Grove at:
- O’Bannon Bank
- GiGi’s Market
- Sharp’s Mini Mart
- Premier Automotive
- Hilltop Pizza
- Cool Your Jets
- Family Pharmacy
- Bank of Bolivar
- Central Bank
- Farmers Market–each Wednesday
Shooters Supply in Bolivar also has tickets