Let us multiply the impact of your business donation by 75% while also letting you choose where your tax dollars are invested. With very little paperwork, it's an easy process!
Participating in the CDFA tax credit program is a unique and attractive way for a business to contribute to a charitable cause for three main reasons:
CDFA has done the vetting for you
through a competitive grant application process, verifying G.A.L.A.'s 501(c)3 status and identifying the project’s viability and alignment with NH economic development goals.
Stretch the impact of your donation.
For example, after federal deduction, a $1,000 out-of-pocket donation translates to approximately $11,000 toward the selected project.
You can direct where your tax money goes.
This unique program allows a business to direct its state tax liability to a local project they care about as opposed to the state general fund.
The Community Development Finance Authority (CDFA) Tax Credit Program is actually very simple, so we'll try not to overcomplicate it for you. Businesses that donate to a CDFA-approved project can get at least 75% of that contribution back in the form of a state business tax credit.
CDFA awarded G.A.L.A. $275,000 in tax credits for the Makers Mill project across the state's fiscal years 2020 and 2021. Local businesses quickly invested in the first year’s quota of $62,000.
Join these far-sighted, community-minded companies investing in Carroll County’s future:
Carroll County Landscaping
Green Mountain Communications
Keller Williams Lakes & Mountains Realty
Made on Earth
Meredith Village Savings Bank
Mill Street Meat Market
Spider Web Gardens
The Hearing Aid Shop
Wolfeboro Family Dental
The sooner pledges are made, the sooner we can put your tax dollars to work. All pledges for the second quota of $213,000 must be made by March 31, 2021, and payments made by June 2021.
OK, I’m sold! How do I participate?
1.) Fill out the pledge form: Select G.A.L.A.’s project from the drop-down menu: “G.A.L.A. Community Center: Carroll County Makerspace & Incubator”
2.) Execute the pledge and make payment before June of 2021.
If you have ANY questions about how this works, you can contact George Hunton: 603-717-9116, firstname.lastname@example.org