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The Community Investment Tax Credit provides a 50% state refundable tax credit for donations to selected Community Development Corporations in Massachusetts.
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In recent years, scale has become one of the hottest topics in the non-profit sector. Not a day goes by when I don’t see a report or an email, or a blog post, or at least a tweet talking about the importance of scale. Much of the discussion is about how the nonprofit sector is not very good at growing organizations to scale. Many people are looking for ways to replicate private sector models of equity investing to help bring nonprofit organizations to scale.
MACDC is pleased to share this blog from Standford Fraser who is interning at NACEDA for the Spring 2012 Semester. He is currently a Junior History major and Community Development minor at Howard University.
The Obama Administration has appropriately placed a high priority on driving better performance in both the public and nonprofit sectors as they seek to tackle serious social and economic challenges. This includes a heightened emphasis on research, evaluation and funding “programs that work.” All of this is certainly welcome news. Unfortunately, as part of this effort, the Administration has embraced a new idea that I fear could take us in the wrong direction.