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 address the full range of investment opportunities available to foundations.
As needs in our communities grow faster than dollars, the Council is joining the conversation about unlocking new capital for social good. For decades, foundations have made impact investments that intend to generate financial and social returns to complement grants, partnerships, advocacy, and other tools in the philanthropic toolbox.
What is impact investing?
We define impact investing as any investment activity that intends to generate positive social and financial returns.
How is the Council involved?
In 2013, the Council is joining the impact investing conversation happening among foundations and other types of investors. As a connector, the Council is:
- Listening to our members and making connections.
- Organizing provocative conversations among foundations and other partners.
- Aggregating resources to demystify the process.
- Building relationships with thought leaders and intermediaries
- Hosting an ongoing blog series on RE: Philanthropy.
How can you get involved?
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. Treasury responded to continued requests of the philanthropic community, which recognized that the existing regulations did not represent the full diversity of investment opportunities available to foundations. The Council on Foundations, with the Council of Michigan Foundations, Mission Investors Exchange, the National Advisory Board on Impact Investing, and others, provided input on the new regulations.
The Year in Review highlights the scope of the Council on Foundation's work in 2015.
For decades, foundations have made impact investments to complement grants, partnerships, advocacy, and other tools in the philanthropic toolbox. But how do you start your foundation down a path to use this emerging tactic? Incorporating impact investing into your foundation’s philanthropic strategy requires thoughtful planning among foundation leaders and trustees. This interactive, one-day workshop will explore whether impact investing is right for your foundation, what you need to consider, and what steps you need to take to begin incorporating impact investing into your foundation’s philanthropic strategy.
In this week's Washington Snapshot: News from the Hill; Happening in the States; Philanthropy News & Op-Eds; and more!
Important issues are rarely black and white. This is all the more true when you are talking about the United States Tax Code. Though hardly colorful, the volumes of statute, regulations, rulings, guidance, and discussion that flow from Congress, the Treasury Department, and the IRS can tax the interpretive skills of even the most knowledgeable readers.
The Council on Foundations, in collaboration with Mission Investors Exchange, invites you to attend a one-hour webinar discussing the implications of the new U.S. Department of Treasury guidance on mission-related investments.
In this week's Washington Snapshot: Regulatory News; News from the Hill; Trending in Legal Affairs; Happening in the States; and more!