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On Philanthropy: Impact investing gets an IRS boost

Post date: 
October 20th, 2015
Article Type: 
External News Article
Article Topic: 
Giving

Impact investing is one of the hottest topics in the philanthropic sector. It involves investments made with the intention of generating not just a financial return, but also a social or environmental impact — the double bottom line.

Until just recently, some foundation directors with an interest in impact investing felt restrained by their fiduciary duty to “exercise ordinary business care and prudence” in providing for the financial needs of the foundation, the breach of which could result in negative tax and other consequences.

Link to article: 
http://www.abqjournal.com/662087/biz/money/on-philanthropy-impact-investing-gets-an-irs-boost.html

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