CONTRIBUTE TO THE INDUSTRY PARTNERSHIP FUND

In 2006, the Industry Partnership Fund (IPF) was established to help SCRA sustain and grow the technology-based economy and to enable university research commercialization efforts by  accelerate technology-enabled growth in research, academia, entrepreneurship and industry.

MAKING A CONTRIBUTION

Thank you for your commitment to technology-enabled economic development in South Carolina.

2020 brings a number of exciting things to share:

  • The 2020 annual cap for total IPF contributions is $8 million, an increase of $1 million over 2019.
  • The contribution process is streamlined to make it easier to participate.
  • Benefits beyond the dollar-for-dollar tax credit are available to contributors, depending on contribution amount.
  • For businesses, an IPF contribution can be treated as a business expense for federal tax purposes.

CONTRIBUTE

Write a check payable to “IPF” and mail it to:

SCRA
P.O. Box 95
Columbia, SC  29202-0095
Attn: J Sircy

Benefits beyond the SC tax credit (depending on amount):

  • Recognition on the SCRA website, annual report and other venues as an innovation economy leader
  • Invitations to SCRA-hosted events throughout the year
  • Advisory board membership
  • Cash-flow savings
  • Numerous other benefits

We look forward to partnering with you to benefit the innovation economy in South Carolina.

For more information, contact Director of Finance and Administration John Sircy.

Contributions are certified by SCRA to the State Department of Revenue
and are eligible for a 100% tax credit against South Carolina income taxes,
insurance premium taxes and certain license fees.

Tax treatment of Industry Partnership Fund contributions is subject to the South Carolina Code of Laws and the Internal Revenue Code, each as may be amended from time to time, and judicial and regulatory guidance related thereto.