CLAREMONT — Turning Points Network 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 Community Development Finance Authority (CDFA-NH), has been helping New Hampshire businesses invest in their local communities via a Tax Credit Program since 1999, enabling businesses to directly support worthy projects while receiving a 75 percent above-the-line tax credit.
Through CDFA’s program, Mascoma Bank, Claremont Savings Bank, Sugar River Bank, The Ink Factory and Louis Karno Company Communications have, collectively, pledged donations totaling $43,000 to Turning Points Network (TPN) to support the agency’s development of a for-profit arm that will provide ongoing income for TPN’s nonprofit services.
“Over the years Mascoma Bank has kept its focus on neighbors helping neighbors, especially organizations in our communities with a similar vision on achieving positive social change,” said Samantha Pause, Senior Vice President and Chief Marketing Officer.
“When the opportunity arose to work together with Turning Points Network, we were eager to join forces to aid this impactful non-profit in strengthening their efforts. Their continued fight against domestic and sexual violence through education, outreach and systems advocacy has made a big difference for many in our community.
“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.”
“Claremont Savings Bank appreciates this opportunity to partner with an organization that works hard for the betterment of our community. It is a pleasure to be part of this effort,” added Reginald L. Greene, Jr., President and CEO of the bank.
Since 1978, TPN has provided services for survivors of domestic and sexual violence, stalking and human trafficking in Sullivan County, the agency’s services have remained free to all who need them.
Relying solely on grants and donations, TPN has broadened its services to benefit individual needs, resulting in a steadily increasing number of survivors who remain independent of their abusers and those who heal from sexual abuse.
“We have for many years supported Turning Points Network’s annual event, Steppin’ Up to End Violence Walk and Fun Run,” noted Ann O’Clair, Vice President, Chief Operating Officer and Chief Financial Officer at Sugar River Bank, “and we are very aware of TPN’s vital work in our communities and the violence-prevention messages they bring to our schools. It seemed like the right time to invest in TPN’s important work at a whole new level.”
Now that the grants landscape is changing, TPN is looking to stay ahead of the curve, to develop an additional, reliable income stream, to ensure their services will always be free to those who need them.
“Turning Points Network has very quietly made an enormous difference in the lives of Sullivan County survivors for the last forty years,” said Jeff Barrette, CEO of The Ink Factory. “TPN’s ability to tailor its resources to support individual needs makes it unusually effective and efficient in helping people recover from personal violence.”
The purchase of tax credits provides businesses with the opportunity to choose where in their local community their tax dollars can do the most good and to benefit local agencies whose work they know and appreciate, as expressed by Barrette.
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