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What’s Next for Community Development Finance?

NonProfit Quarterly

How the CDFI Sector Came to Be: A Legislative History Community development finance is arguably as old as finance itselfafter all, the purpose of finance writ large is supposed to be community reinvestment. Rosenthal noted that timing was critical in moving the CDFI Fund from policy idea into law. Advocates won big here.

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How Boards Can Confidently Assess Executive Pay

NonProfit Quarterly

Boards must contend with a variety of factors, from applicable state and federal laws to the nonprofit’s financial constraints to competitive pay practices to organizational values and the salaries of the rest of its staff. There’s also literally a law within the Internal Revenue Code that prohibits it.

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How Understanding Endowment Law Is Key to Liberating Philanthropic Assets

NonProfit Quarterly

The reasons are multiple, but often, leaders claim that the law compels their behavior. In other words, foundation (also known as fund or endowment) law is manipulated to encourage wealth hoarding among actors who at least claim to prefer not to hoard wealth. This is probably not true; we’ll look at the nuances.)

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How TIFs Impact Racial and Economic Justice at the Local Level

NonProfit Quarterly

Image credit: Sidral Mundet on Unsplash In Chicago, in 2023, there were 124 active tax increment financing (TIF) districts, which removed over $1.2 In fact, tax increment financing is one of the most common local economic development financing tools around. million people. Its not just Chicago.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Because most AVOs have an informal air about them, it’s easy for finances to be treated in a casual way. Such laws vary from state to state. XYZ Nonprofit is an organization exempt under Section 501(c)(3) of the Internal Revenue Code and contributions are deductible to the extent allowed by law.

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The Next Generation of Mutualism

Stanford Social Innovation Review

When enough mutualist networks and organizations are active, you may even wind up with an ecosysteman abundance of shared resources, experience, social capital, and financing, both centralized and grassroots, all sustaining projects serving a wide variety of community needs. Each was started by just a few people. million children.

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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

Policies such as redlining , as highlighted in Richard Rothsteins The Color of Law , created entrenched housing inequities. This mechanism permits the seller to collect a modest increase in value while ensuring affordability to future buyers. million in financing to purchase the land. ROC USA helped the BJH Co-op secure $5.25