Community Investment Tax Credit (CITC)

Invest in Lawrence CommunityWorks with a CITC gift and double your impact!

This unique philanthropic investment opportunity in Massachusetts offers you the ability to contribute to the community and economy – 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.

How does it work?

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. Each year, we apply for allocations of Massachusetts tax credits which we can distribute to individual, corporations, or foundations for their donations to LCW.

How can I become a CITC Champion Investor?

  • Make a new or increased cash (online, by mail, or EFT) donation of $1,000 or more and we’ll send you instructions on how to receive your tax credit certificate.
  • All CITC contributions must be made by an individual (Donor Advised Funds included), foundation, or corporation.
  • The credits awarded are equal to 50% of the “qualified investment.” For example, a donation of $5,000 is eligible for $2,500 in credits.
  • 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 any tax liability. 
  • If you live outside of the Commonwealth of Massachusetts, your contribution is still eligible but you will be asked to complete this form.

Still have questions? No problem! For more information or to discuss your interest in a CITC donation, please contact Lauryn Klingler, Director of Resource Development.

Thank you to our 2020 CITC Donors

  • Ashwani & Nidhi Singhal
  • Ben Steinberg
  • Bhaskar Ray
  • Bluehub Capital
  • Chirag Foundation
  • Chris & Rebecca Thompson
  • Cynthia & David Cook
  • David Dreyfus
  • David Pollak
  • Davis Square Architects
  • Diane Gordon
  • Delphi Construction
  • Eastern Bank
  • Enterprise Bank
  • Fish Family Foundation

  • First Realty Management
  • Jackson Lumber & Millwork
  • Jeffrey Fuhrer
  • Karl Seidman
  • Klein Hornig
  • Kristen Harol
  • Massachusetts Housing Investment Corporation
  • Northmark Bank
  • Reading Cooperative Bank
  • Robert Dorfman
  • Tamar Kotelchuck
  • Trinity Financial
  • United Way of MA Bay & Merrimack Valley
  • Walter Abrams