Learn About CDFA Tax Credits & Be Promoted to NH Nonprofits in Need of Fundraising Assistance
CONCORD, NH - The Council on Fundraising (CONFR) in partnership with the Community Development Finance Authority (CDFA) will hold a workshop for fundraising consultants and professional fundraisers about CDFA's unique funding program that awards New Hampshire State Tax Credits to nonprofits for projects or programs that make a difference in the lives of individuals and families. These nonprofits need to hire professional, knowledgeable fundraisers who not only know how to manage a capital campaign, but also know how to sell CDFA State Tax Credits.
CDFA awards tax credits to a variety of New Hampshire nonprofits for projects that range from creating affordable housing, establishing community facilities, revitalizing downtowns, supporting the creation of new jobs, and helping to retain existing employment for low- and moderate-income New Hampshire citizens. These nonprofits are then responsible for raising financial donations from for-profit businesses that have a tax liability in New Hampshire, which is why the training, "How to Sell CDFA Tax Credits", is being offered.
The Tax Credit Program enables businesses to invest in nonprofit projects in exchange for a state tax credit that can be applied against the New Hampshire business profits, business enterprise, and/or insurance premium taxes. The credit is equal to 75% of the contribution. For example, a business that makes a $10,000 cash donation in one of CDFA's approved projects by a nonprofit will receive a state tax credit in the amount of $7,500. The program is a way for a business to impact a community by leveraging tax dollars.
Knowledge gained at the "How to Sell CDFA Tax Credits" training will enable fundraising consultants and professional fundraisers to work with the nonprofits that have been awarded CDFA Tax Credits. Upon successful completion of the training, consultants and fundraisers will be included on a newly developed list, which will be featured on CDFA's website and promoted to the nonprofits with an allocation of tax credits.
The training will be held on Thursday, October 1, at the Concord Office of Graduate Studies, Plymouth State University, at 2 Pillsbury Street, 5th Floor in Concord, NH from 8:30 AM - Noon. Participants must register by Friday, September 25 by going to www.confr.org to download a registration form to mail or to register online. Cost for participation is $45 for CONFR members and $75 for non-members.
"We are delighted to partner with CONFR on this training as we want to reach out to their professional fundraising members and offer them another tool for their toolkit," said Kathy Bogle Shields, CDFA Executive Director. "This is a specific and technical workshop that will train fundraisers on the intricacies of the Tax Credit Program, so that they can hit the ground running with nonprofits that currently have an allocation of tax credits as well as the ones that will be awarded tax credits in October."
CDFA, created by legislation in 1983, is a nonprofit public instrumentality of the State of New Hampshire. CDFA administers over $30 million in funding resources, which includes a combination of state tax credits, CDBG, and Neighborhood Stabilization funding. CDFA supports affordable housing and economic development activities that benefit low- and moderate-income citizens. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.
Founded in 1982, CONFR is the sole provider of statewide, professional fundraising education in New Hampshire. CONFR builds the capacity of nonprofit organizations by improving the skills and expanding the knowledge of professional and volunteer fundraisers. Programs focus on best practices in fundraising applications and management to help organizations fulfill their missions in their respective communities while increasing charitable giving throughout the state. For more information about CONFR and to view the fall program schedule, visit www.confr.org or call 603-724-6741.
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