Support our programs!
What is CITC?
The Massachusetts Community Investment Tax Credit (CITC) program provides a 50% tax rebate for donations to IBA of at least $1,000. Donors can be individuals, corporations, or nonprofits. Donors located in Massachusetts or anywhere in the United States can participate in the rebate. The full value of your donation is also eligible for a federal charitable tax deduction.
You, the donor, invest in IBA’s business plan, thereby providing flexible working capital to seed new programs, fill funding gaps, leverage other resources, and achieve maximum impact.
You receive a 50% state tax credit on your donation.
How Can I Participate?
The process is simple, and we are here to help you along the way wherever you may need it. If you have never used CITC for a donation before, we will work with you to register in the portal.
- Make a cash donation of at least $1,000 to IBA
- Register your donation online in the CITC portal
- IBA confirms your donation and the state issues you a tax credit certification number
- When you file your state income taxes, enter your certification number and receive a refund for 50% of your donation!
For example, if you donate $5,000 to IBA, you can receive CITC for $2,500, making your final out-of-pocket donation $2,500 while IBA receives the full value of your $5,000 gift!
What Will My Donation Support?
IBA will receive the full amount of your initial donation.
Your donation will go toward the fulfillment of IBA’s Community Investment Plan (CIP). State-certified Community Development Corporations (CDCs) such as IBA develop high quality and high impact, multi-year business plans, known as a Community Investment Plan, for community improvement and economic development.
The Community Investment Plan (CIP) that IBA developed is rooted in our community history, experience, and vision for the future. IBA’s housing community serves low-income families in Boston and is affordable, safe, healthy, environmentally sustainable and vibrant. With housing at its core, IBA supports families to break out of the cycle of poverty and become financially empowered. We do this through high quality and evidence-based programming to help our residents build economic and social capital. IBA envisions a community that is inclusive and welcoming, and a place that embraces and respects diversity. The arts are used effectively to build community, share cultures, and preserve and promote Latino culture and heritage. IBA’s staff and residents work with neighbors in the South End of Boston to create a safe and vibrant community for all. By combining housing, education, and arts, IBA is a national model of excellence for the integration of affordable housing with comprehensive community programming.
In 2022, IBA’s Board of Directors strengthened the organization’s mission, vision and values by approving a new five-year strategic plan (2023-2027). To view IBA's Strategic Plan, see this page.
Download IBA’s full Community Investment Plan here.
Download IBA’s Community Investment Plan Executive Summary here.
For more information about the Community Investment Tax Credit, please contact development@ibaboston.org or call (617) 535-1719.