Invest in Your Community by Supporting NewVue

September 19, 2024

“We invest in our community through NewVue’s CITC program with 100% confidence that our support is making a meaningful and wide-spread difference now and for the future. The tax credit process is simple. We recommend you consider this unique opportunity to double the value of your gift.”
— Rick and Nancy Healy

Are you also looking for a simple way to double your charitable contribution to make a significant impact in your community without spending an extra penny? NewVue Communities would be honored to show you the way. We are excited to once again be taking part in the state’s Community Investment Tax Credit (CITC) program.

The CITC is a 50 percent refundable tax credit that donors may claim when they give a donation of $1,000 or more. If a business donates $10,000 to NewVue for example, the company will receive $5,000, half of the donation, back in tax credits. The tax credits will decrease the filer’s tax burden or increase a refund. This program has become an important tool for community development corporations to boost fundraising by providing a significant incentive for donors to contribute more knowing their out-of-pocket cost will remain the same. We are grateful that so many community members have entrusted NewVue to spend their contributions wisely. Without the generous support from donors, NewVue would not be able to support as many small businesses, homeowners, and neighbors – the fabric of our community.

“At Fidelity Bank, our commitment to the community is deeply ingrained in our LifeDesign approach to banking. By supporting initiatives like NewVue Communities and the Community Investment Tax Credit (CITC) program, we are not only investing in the financial health of our communities but also in their overall well-being. Through these partnerships, we help to foster sustainable growth and create opportunities that empower individuals and businesses to thrive. We believe that when we invest in our communities, we are investing in a brighter future for everyone.”
— Joseph L. Silva, Executive Vice President, Chief Lending Officer, Fidelity Bank

To learn more about ways to give, visit here.