Program Related Investment Regulations: Impact on Public Charities

By: Deb NelsonDeb Nelson

Program-related investments (PRIs) are nothing new to the nonprofit industry; however, the IRS has spent the last few years issuing proposed regulations, reviewing comments from the community, and then issuing final regulations in April 2016. While the underlying rules for PRIs remained unchanged, the final regulations outlined additional examples of investments with a charitable purpose that qualify as PRIs.

The rules and regulations are directed at investments made by private foundations. Public charities can also take advantage of PRIs without being subjected to the same restrictions as private foundations. While there is no formal guidance issued for public charities making PRIs, public charities should follow the private foundation regulations as a guide and best practice. To learn more about PRIs read the full article here.

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