A workshop for Professional Fundraisers Who Want to Increase Their Clientele
CONCORD, NH - The Council on Fundraising (CONFR) in partnership with the Community Development Finance Authority (CDFA) will hold a training workshop for fundraising consultants and fundraising professionals about CDFA’s unique funding program that awards New Hampshire State Tax Credits to nonprofits. These nonprofits are in need of hiring professional, knowledgeable fundraisers/consultants 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, “Turning Tax Credits into Dollars: How to Sell CDFA Tax Credits”, is being offered.
The Tax Credit Program enables businesses to invest cash, securities, or property to fund 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. In addition, the contribution may be treated as a charitable deduction. For instance, 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. After federal tax benefits are accounted for, the donation, costs the company about 15% of the $10,000, or $1,500. The program is a great 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 professionals to work with the nonprofits that have been awarded CDFA Tax Credits. Upon successful completion of the training, fundraisers will be included on a list of consultants, which is featured on CDFA’s website and promoted to the nonprofits with an allocation of tax credits.
The training will be held on Thursday, February 4, at the Concord Office of Graduate Studies, Plymouth State University, at 2 Pillsbury Street in Concord, NH from 8:30 AM – Noon. Participants must register by Monday, February 1, by going to www.confr.org or calling 603-724-6741. Cost for participation is $50 for CONFR members and $90 for non-members.
CDFA, created by legislation in 1983, is a nonprofit public instrumentality of the State of New Hampshire. CDFA administers nearly $40 million in funding resources, which includes a combination of state tax credits and federal Community Development Block Grant, Neighborhood Stabilization, and Energy Reduction Funds. CDFA supports the development of vibrant and resilient communities by providing resources for community development efforts. 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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