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Your support of our work matters.

Your donation will allow NewVue Communities to create strong

and healthy neighborhoods where residents

choose to live, work, and invest.

WE THANK YOU!

Paypal link for general donations:

Community Investment Tax Credit (CITC)

What is it?

The Community Investment Tax Credit (CITC) is a refundable state tax credit aimed at forging new financial support and partnerships in support of community development corporations such as NewVue Communities. The CITC program enhances community support for the work of organizations like NewVue Communities. This program provides a 50% tax credit against Commonwealth of Massachusetts tax liability.

The CITC program is a refundable tax credit.

Donors will invest in the agency’s Community Investment Plan (i.e. our business plan) providing flexible working capital that can be used to seed new programs, fill funding gaps and leverage other resources and achieve maximum impact. If the donor does not have sufficient tax liability, the credit is refundable, whereby the Commonwealth will issue a check for the balance of the credit to the donor.

Benefits:

  • Considerable Tax Savings
  • Individuals, Foundations & Corporations can take advantage of tax credit
  • Excess tax credit is refundable

Who Can Give?

Anyone in the state – individuals, foundations or corporations, including for-profit and non-profit – can speak to us about donating over $1,000 to NewVue and receiving a 50% tax credit to use on that year’s Massachusetts state tax return. Even if donors don’t have any tax liability, or if they live out of state, they can utilize this program and receive a refund in the amount of the credit. Banks and Credit Unions can utilize the CITCs for CRA donations.

How does it work?

It’s easy! Speak to us about making a cash donation of over $1,000 for a 50% state tax credit. If you are new to the Community Investment Tax Credit program please contact Kerry Flathers, Director of Development and Communications, at kflathers@nvcomm.org or 978-400-0171. If you are a current Community Investment Tax Credit donor, please log in here after you have made your charitable contribution to request your current year credit certificate for tax purposes.

To Give Now, through the CITC, click here:

To Give by Mail, send a check to:

NewVue Communities
Resource Development Department
470 Main Street
Fitchburg, MA 01420

 

 

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