Port Discovery is thrilled to have been awarded $25,000 in Community Investment Tax Credits (CITC) from the Maryland Department of Housing and Community Development!
CITC allows valued donors who give a minimum of $500 to reduce their tax liability while, at the same time, supporting a local nonprofit to achieve its essential goals. CITC tax credits equal 50% of the donation value and are in addition to Federal and State charitable tax deductions. CITC donations are specifically earmarked to support Port Discovery capital renovation project.
We encourage all of our valued donors to consider taking advantage of this opportunity, which amounts to so much more in tax credit savings! For example, a $1,000 CITC donation to Port Discovery would activate: $500 CITC tax credit + $250 federal tax deduction + $60 MD state tax deduction = $190 Actual cost of donation!
To get started with a CITC donation or to learn more, please contact the Development office at giving@portdiscovery.org or by phone at 410-864-2667.