Posted By: tumbleweed
CRA Donation - 11/14/12 04:22 PM
Could we get CRA Donation credit if our bank donates space for a local college to hold a Farm Business & Production Management Program. This is a paid class offered to farmers in the market, runs from Nov-March once a week.
Posted By: Pale Rider
Re: CRA Donation - 11/14/12 04:52 PM
Not unless you can show how this met the definition of community development found in the CRA. Most likely what you did was economic development, not community development.
I don't think this would qualify as Investment or Service credit.
Posted By: swiggles
Re: CRA Donation - 11/14/12 07:55 PM
I agree. Hey, Pale....I'm the CRA officer at my new bank.....might need your assistance!!!
If this was a no charge program put on to help farmers learn business skills (for small business/small farm purposes) I could perhaps see credit given for providing the space. Similar to the bank putting on seminars by CPAs etc for small businesses to learn financial skills.
If this is a paid course, I'm don't see the link.