Elective Pay 101: How Nonprofits and Foundations Can Access Clean Energy Tax Credits

One of the greatest opportunities presented under the Inflation Reduction Act (IRA) of 2022 is an area likely unfamiliar to many nonprofits and foundations: tax credits. While energy-related tax credits have been around for some time, the IRA has made them bigger, and for the first time opened them up to non-taxed entities through a provision called Elective Pay. Join us with officials from the State of Minnesota and the Biden Administration as we talk through the opportunity, and how foundations and nonprofits can participate in the transition to a clean-energy economy.

This briefing is being co-hosted by the Minnesota Council on Foundations and the Minnesota Council of Nonprofits and is open to nonprofits and foundations.

Speakers

• David Eichenthal

   

  David Eichenthal joined the Biden Harris Administration in May of last year.  He is currently detailed to both the Domestic Policy Council and the U.S. Department of the Treasury, where he serves as a Senior Advisor for Policy Implementation in the IRA Implementation Office and leads the Treasury Department’s engagement with state and local government on IRA tax credit issues.

  Before joining the Federal government, David spent the last thirty years working in and with state and local governments as an Assistant Deputy New York City Comptroller, as City Finance Officer in Chattanooga, Tennessee and as a partner in a national financial advisory firm co-leading its management and budget consulting practice.  He was the Executive Director of the National Resource Network, an Obama-Biden Administration initiative to provide comprehensive technical assistance to economically challenged cities. 

• Micah Intermill, Enterprise Director for Federal Funds Implementation

Log-in details will be provided in your confirmation email. For additional information, please reach out to Dave Anderson at danderson@mcf.org.