Network Update

June 2023

News, Reports & Research

• Article: Philanthropy's $9 Trillion Blind Spot- Read the Full article published by Inside Philanthropy.

Tax Credit WINS in States

• (COLORADO) Press Release: Colorado Expands Child Tax Credit to Parents With No or Little Income- Congratulations to our friends at the Economic Security Project, Jain Family Institute and everyone else who worked to make this win happen for families in Colorado! Read the Press Release here

• (HAWAII) Op Ed: Working Families Win With EITC Expansion. Thanks in part to Hawaiʻi Budget and Policy Center's advocacy efforts, the Hawaiʻi legislature passed a bill that will double the state Earned Income Tax Credit (EITC) from 20 to 40 percent of the federal EITC. Read the Op Ed here

• (MINNESOTA) Article: Minnesota Rebate Checks and Child Tax Credit in 2023. Minnesota Budget Project and their partners helped protect the Great Start Child Care Credit, which is worth up to $1,750 per child, during state budget debates and ensure it was signed into law. Read the Article here

• (WASHINGTON) Video: Washington State Budget and Policy Center helped pass changes to The Working Families Tax Credit that allowed more families to qualify and was a key proponent of the Legal Financial Obligations Bill, which eliminates mandatory criminal legal fines and fees for people who don’t have the ability to pay. Watch the Video here

New Member Spotlight Feature

Our new Member Spotlight feature highlights the work of network members in the tax credits space. We hope this feature will help members learn more about each other, identify strategies being tried across the country and provide onramps for partnership.

The Membership Spotlight feature will be updated regularly. Please complete this short form if you are interested in being featured in our Member Spotlight.

Coming Soon...

Stay tuned for upcoming events and opportunities from the Tax Equity Funders Network.

1. Innovation Briefs- In partnership with ProsperityNow, the Tax Equity Funders Network will be publishing a set of innovation briefs in July. The briefs have been written by field experts and answer the question: What are innovations that would dramatically improve the ability of low- and moderate-income taxpayers to access all the tax benefits there are eligible for? Programming will be offered to share the recommendations and strategize about next steps.

Call to Action!

1. Network Project Cohort- At the Shaping the Future Forum, network members expressed interest in working together to pilot ideas raised during the session. More information to come on this. In the meantime, take a look at the Summary of Innovations and the Innovations Summary Slide to see if there is an idea you are interested in exploring further.
2. Member Spotlight- We are looking for organizations to feature in our new Member Spotlight. Please complete this form to share your information with us for our Member Spotlight feature. Someone from our team will be in touch with you to finalize your submission before it is posted to our website.
3. Sharing Across the Network- We would love to share announcements, updates, funding opportunities, job postings or other information you have that could benefit other network members or their grantees. Please use the email addresses below or contact form on our website to share information with us.

Update Your Contacts

Please update your records with our new contact information.

Ami- ami@taxequityfunders.org

Deneisha- deneisha@taxequityfunders.org

General Mailbox- info@taxequityfunders.org

The Tax Equity Funders Network

is generously supported by:

Blue Shield of California Foundation

The Annie E. Casey Foundation

W.K. Kellogg Foundation

Wellspring Philanthropic Fund