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.
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