



If you are an entity conducting business or operating a trade in Maryland you are eligible for the Community Investment Tax Credit program CITC@dhcd.state.md.us that allows you to donate directly to Caroline Center and receive tax credits equal to 50 percent of the value of a donation that is $500 or greater. These tax credits may be claimed in addition to State and Federal deductions for charitable contributions, which may make the net cost of a contribution typically 27 cents or less for each dollar contributed. (See table below). Partnerships, sole proprietorships, s-corporations, and limited liability corporations are eligible along with corporation, public utility companies, insurance companies, and financial institutions.
| Sample of Benefits to Donor |
| Initial Gift by Business Donor to Caroline Center | $10,000 |
|
| Federal tax savings | (31.62%) |
(3,162) |
| Maryland State tax savings | ( 7.00%) |
( 700) |
| Maryland State tax credit* | (50.00%) |
(5,000) |
| Net cash outlay by donor | $ 1,138 |
|
