Your investment will strengthen the New Bedford community through historic preservation!
Your gift will strengthen New Bedford and improve the lives of local residents by:
- Restoring and reusing historic treasures
- Creating opportunities in affordable housing
- Providing new arts and cultural venues
- Developing stronger neighborhoods
- Fostering a vibrant community
- Educating the community on preservation
For a limited time, the Commonwealth of Massachusetts is offering a special tax credit to encourage increased support for community development corporations like WHALE.
The Massachusetts Community Investment Tax Credit provides a 50% state tax credit for donations of $1,000 or more. For every $1,000 you give, you’ll receive a $500 state income tax credit. If the credit exceeds your liability, the state refunds the balance of the credit.
GIVE EARLY! Act Now! A donor can be an individual or corporation.
Here’s an example of the annual tax savings for a $1,000 donation:
This illustration represents a 35% tax bracket. Situations vary. Please consult your tax advisor.
|WHALE GIVING LEVEL||Column||Capital||Portico||Medallion|
|Donation to WHALE||$1,000||$2,500||$5,000||$10,000|
|MA Community Investment Tax Credit||$500||$1,250||$2,500||$5,000|
|Federal Tax Deduction (35%)*||$350||$875||$1,750||$3,500|
|Total First Year Tax Savings||$850||$2,125||$4,250||$8,500|
|*Illustration – 35% tax bracket. Consult your tax advisor|
Make your donation today! Every contribution makes a difference. WHALE is a 501(c)(3) non-profit organization. You may donate online or contact us to speak with someone about the Community Investment Tax Credit Program. We hope you will make a contribution, and in turn make a difference in the lives of the New Bedford community.
For More Information
Please contact Diane Brodeur, General Manager, at 508-997-1776 or email@example.com