#2200645 - 12/13/1807:24 PMChristmas Party Donations - CD?
Mel in WA
Joined: Mar 2013
At our company Christmas party, employees donated funds towards the local food bank. Can this somehow be presented as community development? It was a bank wide function that definitely benefits low-to-moderate income.
This does not qualify for CRA as employee donations are not at the behest of the bank. If your bank has a foundation, or a philanthropic department, and you are able to convince them to match the employee donation to the food bank then the banks contribution could be considered under the investment test.