Recent IRS Guidance Affirms “Mission-Related” Investing
Author: Katherine E. David.
Source: Volume 15, Number 01, November/December 2015 , pp.11-12(2)
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Abstract:
On September 15, 2015, the IRS published guidance that permits foundation managers to consider all relevant facts and circumstances, including the relationship between a particular investment and the foundation’s tax-exempt purposes, in deciding whether to make a particular investment. This article reviews the law and regulations underlying interpretation of IRC §4944 permitting “Mission-Related” investing.Keywords: Notice 2015-62; IRC §4944
Affiliations:
1: Strasburger & Price, LLP.