Welcome to EO Radio Show - Your Nonprofit Legal Resource. Episode 73 discusses frequently used terms in the nonprofit world pertaining to investment activities. Public charity and private foundation directors and officers need to understand their obligations as fiduciaries when determining whether an investment opportunity meets the criteria for a prudent investment, a program-related investment, or a mission-related investment.
In this episode, Cynthia Rowland unpacks the rules around each term, See more +
Welcome to EO Radio Show - Your Nonprofit Legal Resource. Episode 73 discusses frequently used terms in the nonprofit world pertaining to investment activities. Public charity and private foundation directors and officers need to understand their obligations as fiduciaries when determining whether an investment opportunity meets the criteria for a prudent investment, a program-related investment, or a mission-related investment.
In this episode, Cynthia Rowland unpacks the rules around each term, covering a basic explanation of “prudent investment,” “PRI,” and “MRI.” She concludes with recommendations for ensuring that a private foundation’s investments qualify as PRIs and best practices for developing an investment policy statement that covers the overall portfolio investment policy statement.
Episode Resources: www.fbm.com/exempt-organizations/publications/nonprofit-basics-unpacking-prudent-investments-pris-and-mris/
If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes can be found at EORadioShowByFarella.com.
DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion. See less -
