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The following examples are taken from Internal Revenue Code § 53.4944-3 Exception for program-related investments. They illustrate permissible and impermissible types of program-related investments.
Example 1.
X is a small business enterprise located in a deteriorated urban…
When the mainstream media pay attention to Native American communities at all, they most often tell stories of trauma and tragedy. There is truth in many of those stories, of course, but we at Northwest Area Foundation see a different reality that also is true. When we meet with people on…
On April 25, 2016, the Treasury Department officially published final regulations providing nine new examples of permissible program-related investments (PRIs). The new examples were first drafted as foundations came to sense that the existing regulations were too narrow and did not adequately…
Members, Access the Recording
Last year, the Council and ICNL convened foundations to discuss how a draft Foreign NGO law in China might impact their work. The Council also submitted formal comments about concerns with this law to the Chinese government.
In mid-March 2016…
On one of the most storied streets in urban Native America, you can see a dynamic future taking shape. Colorful banners along Franklin Avenue in Minneapolis proclaim the only Native American urban business district in the country. Established in 2010, the American Indian Cultural Corridor features…
Executive & Regulatory News
New PRI Regulations Released by Treasury
As our readers well know, last summer the Treasury Department announced their intention to finalize new regulations for program-related investments (PRIs). This week, it published nine new examples of permissible PRIs.…
While at a food court for a late bite to eat, I overheard other diners talking about a young woman who had her unattended phone stolen. While some privately chided her for leaving it unattended, I started to think about how common it is for others to run into a similar situation. As a result, I…
At the Council’s 2016 Annual Conference, two influential foundation presidents sat down with the Council’s President and CEO Vikki Spruill to share their insights into the conference’s theme of purpose. Spruill opened what became a lively discussion with The Clinton Foundation…
Last week I joined other members of the Veterans Philanthropy Exchange in Washington DC for our first meeting since the PwC Charitable Foundation, Inc. joined the Philanthropy Joining Forces Impact Pledge. All members have agreed to support veterans and their families as they rejoin our…