United Way
of Massachusetts Bay
and Merrimack Valley

Community Investment Tax Credit

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A win/win for donors and the community.

The Community Investment Tax Credit Program (CITC) offers individuals, corporations and nonprofit institutions the opportunity to obtain a 50% refundable Massachusetts state tax credit and up to a 35% standard federal tax deduction (depending on your tax bracket) while investing in the economic development of the communities that need help most.

Download the payment form here or click below to give online:

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The Community Investment Tax Credit provides critical resources to Community Development Corporations (CDCs) across the state, organizations who have spent decades making sure families are not driven out of their neighborhoods and children remain in their schools.

Since the program’s inception in 2014, United Way has raised over $2.4 million from donors to support CDCs across the state through the Community Investment Tax Credit.  In just the past two years, these CDCs have:

  • Built over 600 new affordable housing units;
  • Prevented more than 1,300 foreclosures;
  • Provided more than 11,600 individuals with financial coaching and financial education to help them build savings, reduce debt and improve credit scores.

The donations, and tax credits, will support only CDCs that are based in Massachusetts, have been carefully selected for participation in this program, and are creating programs and economic development that benefit Massachusetts residents.

Beyond the impact, what makes the CITC so distinct is the tax benefit you receive.  This includes a 50% state tax credit for your donation, as well as the ability to deduct the full donation on your federal income tax return.  That means a $10,000 CITC donation has an out-of-pocket cost to you of approximately $1,500 – an incredible and truly unmatched saving of roughly 85% of your gift that is returned to you.  You have the ability to select specific CDCs to support – or make a general gift to support all participating CDCs across the state – impacting the families and neighborhoods who need it most.

 Click here to read and download the CITC brochure (PDF) and the Tax Credit One-Pager (PDF).

We invite United Way donors to support high impact community development through this advantageous tax credit program. To learn more, please contact Marcin Kunicki at 617-624-8020 or mkunicki@unitedwaymassbay.org.

participating cdcs through united way’s community partnership fund