CONTRIBUTE TO THE CITY-UNIVERSITY PARTNERSHIP THROUGH THE COMMUNITY INVESTMENT TAX CREDIT PROGRAM

Reduce your Maryland tax liability while helping make College Park a top 20 college town by 2020

50 percent tax credit from the state in addition to a federal charitable tax deduction available


About Community Investment Tax Credit (CITC)
The CITC program supports nonprofit organizations like the Partnership by granting State tax credits to nonprofits which they, in turn, use to encourage contributions. CITC tax credits are equal to 50% of the value of the donated money, goods or real property and are in addition to Federal and State charitable tax deductions. Learn More.

Initiative 1: Homeownership Program
The City-University Partnership’s Homeownership Program is part of an effort to increase the number of University of Maryland and City of College Park employees living in the City as outlined in the University District Vision 2020. It provides $15,000, in forgivable loans, to full-time, benefits-eligible University and City employees to become homeowners in the City of College Park–ultimately reducing commutes, strengthening neighborhoods, and supporting our local economy. With a donation to the College Park City-University Partnership’s Homeownership Program, you may be eligible to receive a Maryland CITC tax credit equal to half the value of your donation. The Partnership has $20,000 in tax credits available for Maryland businesses and residents for this initiative.

Initiative 2: Support artistic programming for MilkBoy ArtHouse

A creative partnership between The Clarice Smith Performing Arts Center and MilkBoy Philadelphia, MilkBoy ArtHouse is a local crossroads for dynamic entertainment, inspired social gathering and creative dining.

MilkBoy ArtHouse will have two performance spaces and an art gallery in a friendly setting with eclectic cuisine and boundary-breaking artists that reflect the diversity of College Park, our county and our region. MilkBoy ArtHouse will nourish imagination and ignite the creative impulse that will shape the future of the performing arts on our campus and in our community.

Your contribution for creative programming that brings together diverse audiences for artistic discovery helps our community thrive. With a donation to the College Park City-University Partnership to support creative arts programs at MilkBoy ArtHouse, you may be eligible to receive a Maryland tax credit equal to half the value of your donation. The Partnership has $20,000 in tax credits available for Maryland businesses and residents for this initiative.

Who and What is Eligible?
Businesses: Any entity that conducts a trade or business in the State and is subject to State income tax on individuals or corporations, the public service company franchise tax, or the insurance premiums tax.

Individuals: Individual residents of Maryland are eligible if domiciled in Maryland on the last day of the taxable year or if s/he maintains a place of abode in Maryland for more than six months of the taxable year and is physically present in the State for 183 days or more during the taxable year.

Eligible Contributions: Money, goods or real property worth $500 or more are eligible for tax credits. Contributions of services or labor are not eligible. Individuals and businesses may claim a maximum of $250,000 in tax credits per year, representing $500,000 in contributions.

How to Apply for Credits
Individuals and businesses making donations are required to complete a simple one-page form and submit it to the City-University Partnership. When filing your Maryland Income Tax Return, Part E of Form 500CR of the electronic return must be completed and submitted with appropriate documentation.

Contact Valerie Woodall, Program Associate at 845-649-2477 or vwoodall@collegeparkpartnership.org with your intent to donate to confirm tax credits are available.

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