Community Investment Tax Credit BobS
Get $500 back for every $1,000
you invest in the JPNDC… and help local families.
The Community Investment Tax Credit program was created
by the Massachusetts State Legislature to make your charitable contributions go farther when you invest in
organizations like the JPNDC.
We started 2017 with $150,000 in tax credits.
As of October 26, we have $29,000 remaining. We may run out, so don’t wait!
What is the CITC?
A program passed by the legislature in 2012 as part of a larger bill to promote economic growth in Massachusetts
The goal of the CITC, according to the statute creating it, is to help community development corporations “improve economic opportunities for low- and moderate-income households and other residents in urban, rural and suburban communities across the Commonwealth.”
JPNDC is certified by the Mass. Dept of Housing & Community Development to participate in the CITC program and has one of the largest pools of tax credits to distribute
Impact on PEOPLE’S LIVES. CITC donations have allowed JPNDC to expand our Family Prosperity Initiative by 60% and deepen our impact on people’s finances by offering one-on-one coaching to all course graduates.
Impact on COMMUNITY. CITC investments support JPNDC work not funded by traditional sources, including advocacy for affordable housing and leadership development among immigrant and low-income residents.
Impact on YOUR BOTTOM LINE. For any donation of $1,000 or more, you will receive a 50% Massachusetts tax credit AND a federal deduction of up to 35% of the gift amount.