MILFORD NH - The Boys and Girls Club of Souhegan Valley recently received $100,000 from the Milford Rotary Club Foundation in support of its $3 million capital campaign to build a new gym and teen center to target at-risk children. The check was presented to Susan Taylor, Executive Director of the Boys & Girls Club of Souhegan Valley, by Cynthia Dokmo, Milford Rotary Club President, and David Hammer, Milford Rotary Club Foundation Chair, along with many members of the Milford Rotary Club.
“I am so thankful to all the members of the Milford Rotary Club for their support of our expansion,” stated Susan Taylor. “This investment in the Boys & Girls Club will positively impact generations of children in our community.”
The new gym, located at the rear of the Boys & Girls Club facility located at 56 Mont Vernon Street in Milford, will provide the space needed to provide more sports and recreational activities for youth of all ages. The Teen Center, with a separate entrance, will offer high school aged members a place to gather for social and recreational activities, leadership opportunities, and community involvement. The result will be a growth in services for older teens, an important initiative with the increasing potential for drug and alcohol misuse facing young people in our community today. For more information about the planned expansion, visit www.svbgc.org.
The Boys & Girls Club of Souhegan Valley has successfully raised almost $2.3 million of its $3 million goal over the past twelve months. To learn how you can support the campaign, email Susan Taylor, Executive Director, at staylor@svbgc.org.
Friday, April 29, 2016
BOYS AND GIRLS CLUB OF SOUHEGAN VALLEY RECEIVES TAX CREDITS TO SUPPORT EXPANSION
MILFORD NH - In July, 2015, the Boys and Girls Club of Souhegan Valley was awarded $750,000 in tax credits from the Community Development Finance Authority (CDFA) to help support their capital campaign to build a new gym and teen center to target at-risk children. The award was the largest of the awards presented to 16 nonprofit organizations throughout New Hampshire.
Grants made from CDFA are in the form of credits, not cash. New Hampshire businesses support the projects of the organizations by purchasing tax credits. Rather than contributing cash to a nonprofit and receiving a modest federal tax deduction, CDFA tax credits are an above-the-line, 75% state business tax credit. This allows the nonprofit to receive a donation while allowing the company to get a 75% state tax credit against their contribution.
Since September, 2015, the Boys and Girls Club has completed sales of tax credits to the following: Airmar Technology Corporation, Amherst Orthodontics, Associated Grocers of New England, Coliseum Avenue Entertainment, Ciardelli Fuel Company Inc., Contemporary Automotive Inc., Control Air Inc., Hitchiner Manufacturing Company Inc., Kimball Physics Inc, Lake Sunapee Bank, Subaru of Milford Inc., Thomas F Moran, Inc., and Turnstone Corporation. Several other purchases are pending and should be completed within weeks.
The net $600,000 of the credits is part of the recently announced $3 million Capital Campaign which is currently underway.
For more information about the planned expansion, visit www.svbgc.org. To learn how you can support the campaign, email Susan Taylor, Executive Director, at staylor@svbgc.org.
Grants made from CDFA are in the form of credits, not cash. New Hampshire businesses support the projects of the organizations by purchasing tax credits. Rather than contributing cash to a nonprofit and receiving a modest federal tax deduction, CDFA tax credits are an above-the-line, 75% state business tax credit. This allows the nonprofit to receive a donation while allowing the company to get a 75% state tax credit against their contribution.
Since September, 2015, the Boys and Girls Club has completed sales of tax credits to the following: Airmar Technology Corporation, Amherst Orthodontics, Associated Grocers of New England, Coliseum Avenue Entertainment, Ciardelli Fuel Company Inc., Contemporary Automotive Inc., Control Air Inc., Hitchiner Manufacturing Company Inc., Kimball Physics Inc, Lake Sunapee Bank, Subaru of Milford Inc., Thomas F Moran, Inc., and Turnstone Corporation. Several other purchases are pending and should be completed within weeks.
The net $600,000 of the credits is part of the recently announced $3 million Capital Campaign which is currently underway.
For more information about the planned expansion, visit www.svbgc.org. To learn how you can support the campaign, email Susan Taylor, Executive Director, at staylor@svbgc.org.
Monday, April 11, 2016
BOYS & GIRLS CLUB OF SOUHEGAN VALLEY BREAKS GROUND ON EXPANSION PROJECT
4/4/2106 Milford, NH – On Wednesday March 30th, Boys and Girls Club of Souhegan Valley members and staff eagerly dug golden shovels into the soil behind its Milford facility during a groundbreaking for the Boys & Girls Club’s expansion to include a new gym and teen center. Club members, including 2016 Youth of the Year Marrissa Allen, were joined by Executive Director Susan Taylor, Building Committee Chair John Siemienowicz, Capital Campaign Chair John Morison, Board President Michael Tule, and Community Development Finance Authority Executive Director Taylor Caswell in the groundbreaking ceremony.
The Club moved into its current facility located on Mont
Vernon Street in Milford, NH, 10 years ago; adding a gym was always part of its
plan. Current facility constraints inhibit membership growth and have begun to
create efficiency problems for staff. “Our
challenge is how to attract a larger percentage of school age youth with needs
for afterschool, school vacation, and summer programming who otherwise face an
empty house and unstructured time as parents work, and also keep older members
engaged so they will not quit coming, learning, and exploring their potential
at a crucial development phase of life.” stated Susan Taylor, Executive
Director. “Building a gym and new teen center and expanded programming designed
with specific needs of youth aged 14-18 in mind will be an important step to addressing
this challenge”.
The expansion is needed to both retain youth members as they
transition from Middle School to High School, as well as attract more members
of all ages. The new gym will provide the space needed to provide more sports
and recreational activities as well as additional programming for youth of all
ages. The new Teen Center, with a
separate entrance and more contained space, will offer high school aged members
a place to gather for social and recreational activities, leadership
development and community involvement.
The result will be a growth in services for older teens addressing a
critical need with the increasing potential for drug and alcohol misuse facing
young people today.
Driven by a team of community volunteers and lead by
campaign chair John Morison of Hitchiner Manufacturing, the Club has
successfully raised $2.2 million of its $3 million goal over the past twelve
months. “We’re so thankful for the support we’ve received, but we’re counting
on everyone to help us reach our goal. I’m confident our community will realize
the importance of this project and make a contribution” said Capital Campaign
Chair John Morison.
The Boys & Girls Club of Souhegan’s mission is to enable
all young people, especially those who need us most, to be great today and
reach their full potential as productive, caring, responsible citizens
tomorrow. Serving an average of 180 teens and children daily, with over 850
members in calendar year 2015, the Club operates from a renovated and converted
theater building on Mont Vernon Street in Milford, NH, into which it located in
2005. Services include a state-licensed early education program, before school,
after school, and vacation time programs for grades 1-8, service and leadership
programs for teens age 12-18, theater art programs for youth of all ages, and
CAST (Community Action for Safe Teens). The expansion is scheduled for
completion by November 2016.
For more information about the planned expansion, visit
www.svbgc.org or contact Susan Taylor, Executive Director, at staylor@svbgc.org.
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