Friday, September 18, 2015

New IRS Rule Likely to Make Impact Investing Easier - The Chronicle of Philanthropy

New IRS Rule Likely to Make Impact Investing Easier - The Chronicle of Philanthropy: "The Internal Revenue Service took a major step this week to calm grant makers’ fears about taking risks with impact investments, giving them a green light to commit more of their assets to investments that further their missions.

The news came just a few days before the Kresge Foundation’s Thursday announcement that it would put 10 percent of its endowment, or $350-million, into impact investing by 2020, one of the largest such commitments by a wealthy grant maker."



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