Community Investment Tax Credit

What is the Community Investment Tax Credit (CITC)?

The Community Investment Tax Credit was designed to enable local residents and stakeholders to work with Community Development Corporations to partner with nonprofit, public, and private entities on economic development initiatives in their own communities.  Each year with local input, Hilltown CDC adopts a community investment plan to undertake community development programs, policies, and activities based on the unique opportunities and needs in the region we serve. Unrestricted funds from CITC donations have enabled Hilltown Community Development to act more strategically and collaboratively to support planning and identify key opportunities in the Hilltowns.

 Since 2013, we have leveraged over $1 million in additional funding through the CITC program to support vital local programs and services, providing targeted technical assistance to local small businesses, expanding markets for local farmers and artists, assisting local municipalities to secure state grants, and supporting the work of numerous local Hilltown organizations.

How does it work?

The Community Investment Tax Credit provides a refundable state tax credit for donations to Community Development Organizations in Massachusetts.  The tax credit is equal to 50% of a donation of $1,000 or more made by a corporation, an individual or a nonprofit institution.  If you are not a Massachusetts resident or you do not owe any state income tax, the tax credit will be paid to you directly For more information about the state program please visit the Massachusetts Association of Community Development Corporations at MACDC.org.

The chart to the right shows an example of the out-of-pocket cost of a CITC donation.  Please consult with a tax professional to determine your actual federal tax deductions and total savings. If you have any questions about the program please call Denise LeDuc at 413-296-4536 x114.

To make a CITC donation online, choose the button below for our secure Paypal donation page. To donate by mail, please make your check out to Hilltown CDC and send to PO Box 17, Chesterfield, MA 01012. You will receive a letter acknowledging your donation for tax purposes. Thank you for your generous support!