§__.12(t) – 5
Q: Will an institution receive consideration for charitable contributions as “qualified investments”?
A5. Yes, provided they have as their primary purpose community development as defined in the regulations. A charitable contribution, whether in cash or an in-kind contribution of property, is included in the term “grant.” A qualified investment is not disqualified because an institution receives favorable treatment for it (for example, as a tax deduction or credit) under the Internal Revenue Code.
Source: Interagency Questions & Answers Regarding Community Reinvestment | July 2016