In 2017, donors came forward in a big way to help families in our region. So far this year we have raised nearly $2 million through the Community Investment Tax Credit (CITC), which provides critical resources to Community Development Corporations (CDCs) across the state, organizations that have spent decades making sure families are not driven out of their neighborhoods and children remain in their schools.
This year, CDCs created more than 1,643 units of affordable housing; helped 1,912 people obtain jobs; and provided 3,110 entrepreneurs with training and technical assistance.
The CITC program 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. Give before 12:00 AM on December 31, 2017 to claim your 2017 tax credit.
In 2017 we also welcomed 46 new Tocqueville Society members – passionate, deeply philanthropic individuals who give $10,000 or more to create positive change for people in need. Through their generosity, these donors are playing an active role in transforming how people are helped in our community.
The contributions of our Tocqueville Society members are critical to the success of the work we do in our community. We invite you to join their ranks or learn more about this unique leadership opportunity.