How can philanthropy—funders focused on equity and those focused on economic mobility—work together to promote more inclusive and equitable tax policies that help build prosperity for all?
The EITC Funders Network, Philanthropy Northwest, and Puget Sound Asset Funders Network co-hosted a funder conversation on June 11th exploring the landscape of tax policy and structures in the Pacific Northwest and the opportunities to create pathways to racial equity and economic opportunity. This gathering for regional and national funders provided an overview of state tax structures and reform proposals in the Pacific Northwest and showcased promising and powerful examples of tax credit successes and strategies that build economic opportunity from an equity framework. The meeting discussed the role funders can play, in their internal and external efforts, to support racial equity and economic security and offer interactive engagement opportunities to identify common interests and foster collaboration.
Meeting resources:
Darrick Hamilton and Michael Linden, ”Hidden Rules of Race are Embedded in the New Tax Law“, Roosevelt Institute (2018)
Heather McCulloch, “Building Wealth Through Tax Reform: Opportunities for Grantmakers,” Asset Funders Network (2016)
Prosperity Now’s 2019 Scorecard, a comprehensive resource for data on household financial health, racial economic inequality and policy recommendations.
And check out the EITC Funders Network video series on Equity and the Tax Code!
Speakers included:
