Community Investment Tax Credit

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 LEVELColumnCapitalPorticoMedallion
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
Net Donation $150$375$750$1,500
   *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

Additional Resources
MACDC and United Way CITC Promotional Video
Commonwealth of Massachusetts CITC Webpage
Federal Reserve Bank of Boston CITC Article
CITC Info Sheet, 2 pg. CITC Info