Expanded rules let private foundations make more program-related investments

08/8/2013 | Journal of Accountancy print issue

The Internal Revenue Service recently issued proposed regulations addressing program-related investments by private foundations, marking the first time they have updated the program-related investment rules in 40 years. The proposed rules provide nine new examples of acceptable program-related investments, which let a foundation put money into projects that further its mission while potentially making a return on the investment. Under the rules, foundations can make investments that would otherwise be prohibited by the regulations.

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