Economic Opportunity Funders and the EITC Funders Network administer and oversee four pooled funds in order to advance tax fairness and economic opportunity for low-income workers and families through the promotion, protection, and expansion of the federal and state EITCs. The four funds – together known as the EITC Pooled Fund comprise:
- State EITC Rapid Response Fund: The State EITC Rapid Response Fund (EITC RRF) was established in 2012 as an invitation only fund. It focuses on quick infusions of support to help an existing effort overcome a campaign or communications challenge or opportunity. Awards are made on a rolling basis and range from $15,000-$30,000.
- State EITC Campaign Fund: The State EITC Campaign Fund (EITC CF) was established in 2017 and focuses on supporting a year-long effort in which a window of opportunity to promote or defend a state EITC seems urgent. Awards are made through an invitation-only RFP process and range from $30,000-$125,000.
- State EITC Policy Development Fund: The EITC Policy Development Fund (EITC PDF) was established in 2015 to provide multi-year support to state-based policy groups laying the groundwork to develop or improve state EITCs. Proposals are requested by invitation and awards range from $75,000-$125,00 a year for two years. Awardees may be eligible to apply for additional support at the end of their two-year contracts if funds are available.
- Federal EITC Campaign Fund: The Federal EITC Campaign Fund was established in 2020 as an invitation only fund and provides support to national and state-based policy groups to support work on the federal EITC and CTC.
This year-end report provides an overview of state EITC rapid response and campaign awards in 2020 (additional reports on the EITC PDF and Federal EITC CF forthcoming). In 2020, the EITC Pooled Fund awarded $30,000 in State EITC Rapid Response Funds to one state (NJ) and $595,000 in State EITC Campaign Funds to eight states (CA, CO, HI, MD, MA, OK, OR, NM).