LMR Purchases Tax Credits in Support of Great Bay Services
We are pleased to announce our support of Great Bay Services in the form of New Hampshire Community Development Finance Authority (CDFA) tax credits.
In June 2024, the CDFA announced $6.6 Million in tax credit awards to twenty New Hampshire nonprofits including Great Bay Services in Dover. According to the CDFA website, businesses with New Hampshire tax liability support awarded projects by purchasing the credits, resulting in the nonprofit receiving a donation and the company receiving a tax credit against that contribution.
“The CDFA program aligns perfectly with our desire to make a difference in our community,” said Partner Paula DePlanche, CPA. “Supporting local nonprofits like Great Bay Services is at the heart of what we do, and we appreciate the good work they are doing on a day-to-day basis for those in need of their services.”
The funds will have a significant impact on initiatives that advance the mission at Great Bay Services. The capacity-building resources will be used to purchase 12 wheelchair accessible minivans to meet the transportation needs of their clients in Rockingham and Strafford County. By changing the model of how clients are transported, it will build the organizations capacity to support 36 people with disabilities with reliable, safe access to community activities such as volunteer projects, outdoor walks, employment, education, and entertainment.
