Posted By: Love those Regs
CRA qualified investment? - 08/30/06 06:42 PM
Would a donation/scholarship to a pre-school for the blind designated for a low- or moderate-income family qualify for CRA investment credit? I think my hang up here is that is it a pre-school versus a college or higher education. However, those terms are not in the regulation (that I have found) when describing investments of a community development nature. What it does say is "CD also includes community or tribal-based child care, educational, health or social services targeted to LMI..."