IRS Blesses Private Foundation Mission-Related Investing: Implications for the Charitable Sector l Davis Wright Tremaine LLP

By Jean L. Tom and LaVerne Woods, September 29, 2015

• The IRS has formally confirmed that private foundations may make investments that further their charitable purposes even when those investments do not qualify as permitted program-related investments (“PRIs”) under the federal tax law. This is welcome news for proponents of mission-related investing.