For a limited time, we can significantly reduce the out-of-pocket cost to Maryland taxpayers for making a donation to Preservation Maryland. When you make a donation of $1,000 or more, we can offset half the value of the gift with Maryland Community Investment Tax Credits (CITC).
If you plan to make a large gift to Preservation Maryland, please contact us before you make the gift. If we still have CITC tax credits available, you can double the size of your gift and we will offset half of the cost of the gift by issuing a CITC credit.
Individuals and businesses are eligible for Community Investment Tax Credits. This includes any individual who has a Maryland income tax liability and any business entity that is subject to Maryland income tax, the public service company franchise tax, or the Maryland insurance premiums tax.
We always recommend that our donors speak with their accountant in advance of making a significant financial contribution. It is wise to fully understand how your charitable giving will affect your federal and state tax obligations.
Please call Preservation Maryland if you want to receive a Maryland CITC tax credit in exchange for your gift. We have a limited amount of tax credits to distribute and they must be requested when you make your gift.
Director of Development