Home Corporate Philanthropy Businesses can receive 60 percent tax credit when contributing to local organizations

Businesses can receive 60 percent tax credit when contributing to local organizations

The Child Guidance Center of Southern Connecticut’s (CGC) Emergency Mobile Psychiatric Services (EMPS) program has been approved by the state’s Department of Revenue Services to receive contributions through the Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program.

The program allows businesses to donate to local organizations like CGC and receive a 60 percent tax credit.

CGC’s EMPS team serves children and teens in Stamford, Greenwich, Darien and New Canaan, delivering immediate mental health services to high-risk children who may be struggling with suicidal thoughts or behavior, self-harm, depression, extreme anxiety, or trauma. Last year, CGC said its staff stabilized crisis situations for 93 percent of the children and teens who received its Emergency Mobile Psychiatric Services.

“We hope that local businesses use this opportunity to invest in our ability to keep children and families safe,” said CGC’s President and CEO, Dr. Eliot Brenner. “Because we go on-site and provide immediate mental health care when a child is experiencing a crisis, we greatly decrease the likelihood that a child will hurt themselves or others. Furthermore, the EMPS program is provided at no cost to families, so all families, regardless of their ability to pay, will receive high-quality crisis stabilization services.”

Businesses wishing to receive a tax credit under the NAA program are required to complete the NAA-02 form for each program it wishes to sponsor. The contribution must be cash (minimum $250, maximum $150,000) and needs to be made in the corporation’s income year that corresponds to the same year as the approved program.  Form NAA-02 must be submitted to the Department of Revenue Services between Sept. 15 and Oct. 3, 2016.


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