Program-Related Investments: Final Regulations Issued
Author: Katherine E. David.
Source: Volume 15, Number 05, July/August 2016 , pp.1-6(6)
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Abstract:
On April 21, 2016, the IRS and Treasury released final regulations that provide guidance to private foundations on program-related investments (PRIs). The new regulations provide a series of examples illustrating investments that qualify as PRIs and, like the proposed regulations issued in 2012, demonstrate that PRIs “may accomplish a variety of exempt purposes.”Keywords: Sales at Market Rate; Microloans; T.D. 9762; L3Cs and Benefit Corporations
Affiliations:
1: Strasburger & Price, LLP.