§__.12(t) Charitable Contributions

§__.12(t) – 5

Q: Will an institution receive consideration for charitable contributions as “qualified investments”?

A5. Yes, provided they have as their primary purpose community development as defined in the regulations. A charitable contribution, whether in cash or an in-kind contribution of property, is included in the term “grant.” A qualified investment is not disqualified because an institution receives favorable treatment for it (for example, as a tax deduction or credit) under the Internal Revenue Code.


Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016

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