Community Development Finance Authority Makes It Easier To Donate To Turning Points Network

Claremont — Turning Points Network, which supports victims of domestic and gender-based violence, has been named a beneficiary of the New Hampshire Community Development Finance Authority’s program that enables local businesses to donate to community nonprofits in return for credits against state taxes.

The Tax Credit Program encourages businesses to invest in their local communities by enabling them to donate to local nonprofits while receiving a 75 percent above-the-line tax credit. As part of the program, Mascoma Bank, Claremont Savings Bank, Sugar River Bank, The Ink Factory and Louis Karno Company Communications have collectively pledged donations of $43,000 to Turning Points Network to support the agency’s development of a for-profit arm that will provide ongoing income for the network’s nonprofit services.

Samantha Pause, senior vice president and chief marketing officer at Mascoma Bank, said that the tax advantages of donating make it even more viable for the bank to support Turning Points.

“Their continued fight against domestic and sexual violence through education, outreach and systems advocacy has made a big difference for many in our community,” she said in a news release. “Our goal is to help sustain safe, happy, healthy communities by giving back, an organization such as Turning Points Network will be protecting our neighbors today and tomorrow until we can win the fight against violence.”