Community Investment Tax Credit (CITC) in Massachusetts

CITC2015A Special Invitation to become a Champion Investor

This unique and new philanthropic investment opportunity in Massachusetts offers you the ability to contribute to the community, the economy, and the world – all while getting a better return on your investment. We invite you to participate in this opportunity by becoming a Champion Investor in Lawrence CommunityWorks today.

The Massachusetts legislature established a Community Investment Tax Credit for individual and corporate taxpayers, designed to encourage private donations for local community development efforts.  The Credit allows you to support Lawrence CommunityWorks while getting twice the normal tax benefit for charitable giving. Lawrence CommunityWorks was awarded $150,000 in Massachusetts tax credits which it can distribute to individual, corporations, or foundations for their donations to LCW.

Champion Investors must contribute at least $1,000 to be eligible. The contribution must be in the form of a cash donation. The credits awarded are equal to 50% of the “qualified investment.” In addition to receiving the 50% state tax credit, donors may also take a federal tax deduction for the balance of their donation. The credit is REFUNDABLE if the taxpayer does not have a tax liability. With your investment, LCW will have the opportunity to raise almost $1 Million over the next 3 years to re-invest directly in the neighborhoods and the people of Lawrence!

By choosing to be a Champion Investor in Lawrence CommunityWorks, you can take advantage of a great offer while investing in the common good through a proven, award-winning organization right here in Lawrence – a double bottom-line investment! Here’s our Community Investment Plan that guides us in our programming.

To learn more, please contact our Resource Development Office at rd@lawrencecommunityworks.org.

Thank you to all our CITC Donors. We truly appreciate all your support!

2017 Donors
Santander Bank

2016 Donors

Walter & Alice Abrams
Anonymous Friend
Arthur Barlas
Blair Benjamin
Boston Capital
Austin & Missy Carroll
Callahan AC & Heating Services, Inc.
Citizens Bank
Davis Square Architects
Robert Dorfman
Eastern Bank
Fish Family Foundation
Kristen Harol
Tamar Kotelchuck
George Lewis
Bhaskar Ray
Rafael Revi
Karl Seidman
Nidhi & Ashwani Singhal
Santander Bank
Anita & James Worden

2015 Donors
Walter & Alice Abrams*
Anonymous Friend*
Boston Capital
Citizens Bank
Davis Square Architects *
David Dreyfus
Robert Dorfman *
Durkee Brown Viveiros & Werenfels Architects, Inc. *
Enterprise Bank *
First Realty Management *
Fish Family Foundation
Laurie Gould *
Kristen Harol *
Klein Hornig *
Gary & Karen Martin
Massachusetts Housing Investment Corporation
Herman and Frieda L. Miller Foundation
Peter Munkenbeck *
Northeast Interiors, Inc.
John Raser & Amanda Cochrane *
Rafael Revi
Santander Bank
Karl Seidman
Nidhi & Ashwani Singhal *
Anita & James Worden *

*Returning 2014 CITC Donors

What are donors saying about CITC?

CITC in the news:
Boston Globe article – Innovative Tax Credits Await (12/25/14)
NECN (4/16/15)
Boston Business Journal (4/23/15)
Lowell Sun (4/29/15)
Banker & Tradesman (5/3/15)
More coverage HERE!