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Program Related Investments (PRIs) Internal Revenue Code (IRC)

Morrison & Foerster LLP

IRS Rules That Impact Investment Fund Is Not Charitable Activity

Over the last decade, impact investing has become a significant focus of many nonprofits, just as it has captured the attention of investors who care about social benefit or environmental results as much as financial results....more

Foley & Lardner LLP

Mission-Related Investments Validated by IRS Notice 2015-62

Foley & Lardner LLP on

Foundations, like many investors, are considering how to use their assets to both provide investment return and to promote their social and charitable causes (a strategy sometimes referred to as “social impact investing”). ...more

BCLP

An Update on Private Foundation Impact Investing

BCLP on

In November of 2016, Bryan Cave organized a half-day symposium examining the opportunities and legal considerations related to responsible and impact investing strategies. I participated on a panel to discuss how private...more

Morgan Lewis

New Examples of Program-Related Investments

Morgan Lewis on

The new examples describe additional charitable purposes and PRI terms and structures. On April 21, the Internal Revenue Service and Treasury Department issued final regulations regarding program-related investments...more

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