WHALE Community Investment Tax Credit Program

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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
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 dbrodeur@waterfrontleague.org

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.
MASS.gov CITC Info