What is the community investment tax credit (CITC)?
The Massachusetts Community Investment Tax Credit (CITC) provides a 50% state tax rebate for donations to ACDC of at least $1,000. Donors can be individuals, corporations, or nonprofits. You don't even need to be a MA resident! The full value of your donation is also eligible for a federal charitable tax deduction.
Tax savings example:
| Your Donation to ACDC | $5,000 |
| CITC Rebate (50%) | $2,500 |
| Your Out-of-Pocket Donation | $2,500* |
*Tax situations may vary. Be sure to consult with your tax advisor.
How does it work?
Make a donation of at least $1,000 online.
You can also write a check to ACDC. Funds must be received by December 31, so please mail your check two weeks in advance to account for any USPS delays. You are welcome to email citc@asiancdc.org to schedule a time to drop off your check, if preferred.
You can choose to make your CITC donation in installments by emailing us and reserving your credits through a pledge. Your full donation must be received by December 31.
ACDC creates an online account to request your tax credit certificate, and you will receive an email to log in.
Fill out a quick and easy online form. Click here for a walkthrough.
The state will email you when your certificate is ready to download. Be sure to check your spam folder.
And that's it! Just four easy steps.
If you are not an MA resident, there's a simple form you submit after you complete the online application. Feel free to email citc@asiancdc.org, and we will be happy to assist you.
I’m ready to donate!
What are the benefits of CITC?
You're receiving a considerable tax benefit while making a charitable investment! As a CITC donor, you're providing essential, flexible funds for ACDC to develop new programs, expand current services, and fill funding gaps. Join many other individuals, nonprofits and businesses taking advantage of this unique opportunity today.
CITC's impact
Here are some of the milestones and accomplishments made possible through CITC donors:
ACDC expanded its youth program to a year-round program, focusing on leadership development and creative placemaking.
We purchased 64 Beach Street in Chinatown to preserve affordable housing, and staff have been connecting the ground floor local restaurant with small business support resources. ACDC is the first nonprofit to successfully purchase a private and occupied building in Chinatown.
Click here to access the online portal.
Click here for a review of how to complete the quick online form.
Did you forget your username or password? Email citc@asiancdc.org.
