SPECIAL CAMPAIGNS FOR TAX CREDITS
Combined Federal Campaign
The Combined Federal Campaign takes place every fall, usually from mid-September through December. Employees receive a pledge card and often a "catalog" that lists all eligible charities – more than 4,000 in the DC/MD/VA area. Employees then decide which charities should receive their gifts.
Employees decide which charities should receive their gifts. They do so using a 5-digit code number (we provide that number for every charity on this website). They can only choose charities that have been accepted into the Campaign. Write-ins are not allowed. No other charity benefits from an employee's gift.
Each eligible charity can choose to become part of a CFC "federation" such as United Way or EarthShare, or it can be "unaffiliated." Federations help their members stay eligible, promote them, and collect and distribute donations. They charge a fee that varies according to the federation.
Community Investment Tax Credit (CITC)
Donations are made directly to Project PLASE and donors are simply required to complete a short form to be submitted for the CITC program. Eligible individuals or business entities that make donations of $500 or more will receive a tax credit equal to 50% of the value of the donation. We receive the full value of the donation and you receive 50% of the value in a tax credit.
Community Investment Tax Credits support 501(c)(3) nonprofit organizations by awarding allocations of State tax credits for use as incentives to attract contributions from individuals and businesses to benefit local projects and services.
Community Investment Tax Credits complement other State funding programs which offer resources to assist communities with revitalization efforts. As part of an annual, competitive application process, 501(c)(3) nonprofit organizations apply to the Maryland Department of Housing and Community Development for tax credit allocations. The Community Investment Tax Credit program has leveraged nearly $27 million in charitable contributions to approximately 700 projects across the State.
Businesses and individuals that donate $500 or more to a qualified organization’s approved project(s) can earn tax credits equal to 50% of the value of the money, goods, or real property contribution. These tax credits are in addition to the deductions on both Federal and State taxes as a result of the charitable contribution. Visit GIVE Maryland for information on specific projects and donate now to nonprofits that have available tax credits.
Individuals and businesses must use the tax credits against taxes owed for the year in which the contribution was made and may not be used retroactively for taxes from a prior year. Any individual or business contemplating making a donation is encouraged to consult with their accountant or tax professional for information about their specific tax benefits.