Community Investment Tax Credit (CITC) Program

CITCs support nonprofits by awarding Maryland tax credits to individuals and businesses who make donations. What does that mean? When you make a gift of $500 or more to The Family Tree, you may be eligible to receive a CITC equal to 50% of the value of your gift—that’s in addition to Federal and State charitable tax deductions!

 

A Unique Investment that Benefits You and Maryland Families!

The Family Tree has been awarded tax credits to be used towards our work in West Baltimore. This community is plagued by issues of poverty, trauma and social injustice. In response, we have launched family-focused programs such as parenting classes, support groups and
workshops—all free of charge.

The Family Tree has been awarded tax credits to be used towards our work in West Baltimore. This community is plagued by issues of poverty, trauma and social injustice. In response, we have launched family-focused programs such as parenting classes, support groups and workshops—all free of charge.

 

Financial Benefits to You

You receive a state tax credit worth 50% of the value of your contribution to be used in the same tax year as when the gift is made. This benefit is in addition to the deduction that you receive on your taxes. The graphic to the right shows how a $1,000 gift will cost you only $170, after the 50% tax credit and 33% federal deduction.

 

Eligible Gifts

Gifts of money, goods or real property worth $500 or more from individuals or businesses that have tax liability in the state of Maryland can be accepted.

Contributions of service or labor, as well as pledges, are not eligible.

 

How to Apply for CITC

Individuals and businesses making donations must complete a simple two-page form and submit it to The Family Tree. When filing your Maryland Income Tax Return, complete Part E of Form 500CR of the electronic return and submit with appropriate documentation.

Contact Amber Weiner, Annual Fund Manager, at 443-451-9540 or via email with any questions about tax credits, to take part and confirm they are available!

*Gifts received by third parties, including but not limited to family foundations, donor-advised funds, community foundations, may not be eligible for this program. For more information about eligibility, please consult with your tax advisor.*