Program Related Investments

photo-1454165804606-c3d57bc86b40Those responsible for managing a private foundation’s investment assets may not always understand the unique fiduciary and tax constraints imposed on private foundations and their managers by both state and federal law.

Why is this important? 

Running afoul of the rules can result in costly excise taxes that can be imposed on both the foundation and its managers, and in the most extreme cases, can lead to revocation of tax-exempt status.

Continue Reading Investing Private Foundation Assets: What Every Foundation Manager Should Know