Legal Update: New Regulations for Program-Related Investments

A Special Presentation of Our Legal Lunch Series with

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.

The Council on Foundations and Mission Investors Exchange held a special edition of our Legal Lunch series where we discussed the impact and importance of these new regulations.

The announcement is the culmination of a formal process more than five years in the making, prompted by conversations started years prior in the philanthropic community. Learn what it could mean for your foundation and all of philanthropy.

Learn more and see what others are saying about these new regulations:


Tomer Inbar

Partner, Patterson Belknap Webb & Tyler LLP

Ruth Madrigal

Attorney Advisor, Office of Tax Policy, US Department of Treasury

Joshua Mintz

Vice President & General Counsel, the John D. and Catherine T. MacArthur Foundation

Matt Onek

CEO, Mission Investors Exchange