In-person Meeting: Improving The Lives Of Children And Families – The Hidden Gem Of The Tax Code

The Tax Equity Funders Network along with our co-hosts, Children, Youth and Family Funders RoundtableEarly Childhood Funders CollaborativeEconomic Opportunity FundersFunders Together to End HomelessnessGrantmakers in Health and Funders for Maternal Mental Health invite you to attend an in-person session on Thursday, September 5th from 3:30-6:00pm at the 2024 Prosperity Summit taking place at the Gaylord National Resort & Convention Center in the Washington, DC area.

Did you know?

  • In December 2021, the Treasury Department issued a monthly Child Tax Credit payment to 61.2 million children—which was estimated to keep 3.7 million children out of poverty and reduce the monthly child poverty rate by 29 percent.

Funders working to improve outcomes for children and families invest in a variety of strategies, increasingly including those linked to economic security as research has shown that increased economic security and opportunity are connected to better outcomes across many domains. The tax code is one of the most powerful tools federal, state, and municipal governments have to provide families with economic security and wealth-building opportunities. There is strong evidence that changes to the tax code can positively impact the health, mental health, housing, and educational outcomes of children, youth, and families. This is particularly true for Black and brown families. And, philanthropy has discovered investments related to the tax code are ways to accelerate their impact.

Recent efforts, including the expansion of the federal Child Tax Credit and modernization of the federal Earned Income Tax Credit, are a hidden gem in the tax code and have encouraged more child and family-focused funders to invest in tax systems strategies. There are many more service-focused and policy-focused ways the tax code and systems can be used by philanthropy to help families and communities thrive. Further, the expiration of the Tax Cuts and Jobs Act in 2025 presents an urgent moment to ensure that states and localities have the revenues they need to invest in programs for children and families and, there is an opportunity to change course towards a more equitable tax code.

This briefing will:

  • Identify opportunities for funders to scale their impact through tax credits and tax-system-focused strategies,
  • Share how funders focused on equity, economic mobility, and improving outcomes for children, youth, and families work together to promote more inclusive and equitable tax policies that build prosperity for all,
  • Provide lessons learned from early childhood, housing, childcare, health and mental health funders who are using tax-focused strategies to achieve their goals, and
  • Foster the opportunity for peer-to-peer learning, collaboration, and action planning.

This meeting is open to charitable foundations and philanthropic advisors. You do not need to be a member of the Tax Equity Funders Network or a co-hosting PSO to participate!  

Information about the Prosperity Summit can be found here. You do not need to be registered for the Prosperity Summit to participate in this meeting.

If you have any questions, you may contact Ami ([email protected]).

Meeting Materials & Resources 

Coming Soon…

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