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Program-Related Investments: Recent Developments Suggest This Underutilized Tool Is Worth Exploring  


Author:  Katherine E.  David.


Source: Volume 12, Number 06, September/October 2013 , pp.1-4(4)




Family Foundation Advisor

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Abstract: 

The typical family foundation carries out its tax-exempt purpose simply by making grants to public charities. In fact, of the many thousands of private foundations in the United States, only a few hundred use program related investments (PRIs) to carry out their tax-exempt purposes. But perhaps more should consider doing so.

Keywords: loan; capital investment; equity interest; excise tax; annual minimum distribution; taxable expenditures; Regulatory Limitations; L3C; Priority Guidance Plan; The Philanthropic Facilitation Act

Affiliations:  .

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