Community foundations step up to reduce child poverty

Community foundations step up to reduce child poverty

Recognizing the historic impact the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) have had on reducing poverty in families across the country, community foundations are stepping up to ensure access and availability for years to come. Here’s how:

1) Helping Eligible Families Get Access to Tax Credits

EITC Funders Network has selected 24 community foundations to receive grants through the Community Outreach and Opportunity (CO-OP) Fund.

The CO-OP fund was established to support community foundations working to ensure that as many families as possible receive the full CTC and EITC benefits they are eligible for, as quickly and as easily as possible.

These community foundations will be working with community partners to connect to the hardest to reach families and communities in the regions they serve:

The CO-OP Fund is generously supported by a number of charitable foundations including Charles and Lynn Schusterman Family Philanthropies, the Rockefeller Foundation, The Annie E. Casey Foundation, and the Bill & Melinda Gates Foundation. 

2) Advocating for Tax Credit Expansion

Community foundations across the country are advocating for the expansion of the CTC and EITC, which are part of the pending federal budget reconciliation. 

Hats off to the six community foundations that participate in the CFLeads Economic Mobility Action Network and led an effort to send a collective message to Congress emphasizing the importance of expanding the CTC and EITC:

With a quick turnaround, these additional community foundations signed on to endorse this game-changing legislation: 

To read the letter, click here.

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