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Elective Pay (also known as Direct Pay) was passed as part of the Inflation Reduction Act in 2022. Eligible organizations can receive a tax credit for making clean energy investments. Kristin Tracz walks us through how community foundations and their grantees can take advantage of this program for building clean energy projects.
State and Local Fiscal Recovery Funds (SLFRF) were allocated to state, local, tribal, and territorial governments under the American Rescue Plan Act to support their response to and recovery from the COVID-19 public health emergency. These funds can be invested in local charitable nonprofits, yet with a deadline of December 31, 2024, billions of unspent dollars may have to be returned to the federal government. David L. Thompson and Jessica Mendieta from the National Council of Nonprofits share time-tested steps foundations, and their nonprofit partners can take today to advocate for how our communities can access those remaining dollars before it is too late.
