Gifts help cover the cost of providing the non-financial services that are so essential to help Maine people achieve their goals. Services range from business assistance for women, refugees and immigrants with low incomes to homeownership education and financial literacy training for those who want to plan for their futures. Many CEI borrowers would not be able to take advantage of CEI loan programs without upfront training and assistance.
Gifts also help CEI build its capital base. Gifts to CEI's revolving loan fund become part of the organization's equity and support its ability to lend directly into the community and to leverage additional funds.
CEI is a 501(c)3 charitable organization, and gifts are tax-deductible to the full extent permitted by federal law.
In addition, Maine taxpayers who contribute to CEI's Individual Development Account program (matched savings for low-income families) may be eligible for a tax credit from the state of Maine.
For more information, contact us at 207-882-7552 or .
Predatory Mortgages in Maine Recent Trends and the Persistence of Abusive Lending Practices. A joint report issued by Coastal Enterprises, Inc. and the Center for Responsible Lending, 2006.
BLUETARP - Building a Business in the Building Industry
When Brian Rigney worked on construction jobs during summer vacations while a student at Colby College in Waterville, he saw the inefficiency in the piles of receipts and invoices that accompanied every purchase. As he pursued an MBA, this problem stayed with him, and in 1998 BlueTarp, Inc. was born.
As a growing company, BlueTarp needed capital. CEI Ventures, Inc., one of CEI's two socially responsible venture capital subsidiaries, invested in BlueTarp, because of its potential to generate above average financial returns while meeting social goals, including job creation for low-income people. BlueTarp expects to employ 50 people within the next four years.
36 Water Street, PO Box 268, Wiscasset, ME 04578; Telephone: 207/882-7552; FAX: 207/882-7308; E-mail: cei@ceimaine.org