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Nonprofits are Tapping Their Resources
Locally and nationally, nonprofit organizations, including faith-based organizations, are furthering their missions through their engagement in local tax coalitions. Using their position within local communities, non-profits are:
- Providingvolunteers
- Connecting their constituents and communities to free tax preparation
- Raising awareness and providing leadership to local EITC efforts
- Providing information on financial literacy and asset development
Across the country, nonprofits, both large and small, are getting involved in EITC initiatives and becoming important players in the campaign to build strong economic futures for low-income families. From promoting free tax preparation services among clients, mobilizing volunteers, and hosting sites, nonprofits are leveraging resources and finding myriad ways of contributing.
What do nonprofits bring to EITC initiatives?
- Introductions to relevant communities and community leaders
- Access to potential EITC recipients (clients and staff of nonprofits)
- In-kind promotional services (posters, newsletters...)
- Volunteers
- Funding
- Information on and knowledge of asset development and financial literacy
- Sites for tax preparation
What are the benefits they receive for being involved?
- Additional services for clients, employees and members
- Name associated with a program that has extremely positive and easily measured impact
- Promotion to potential clients
- Volunteer opportunities for employees
- Opportunities to promote their mission and achieve goals
- Connections to other community organizations
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CASE STUDY:
ACORN, a national nonprofit whose mission focuses on the needs of low- and moderate-income families, is promoting free tax preparation and the Earned Income Tax Credit nationwide.
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