Author: May Harris & Linda Rosenthal

Private Foundations: New Program-Related Investments Guidance

08:00 28 June in Internal Revenue Service Issues, Nonprofit, Private Foundations

Recently, the directors and managers of private foundations read some good news in the Federal Register.  On April 25, 2016, The U.S. Treasury Department issued its long-awaited, final regulations on program-related investments, commonly known as “PRIs.” What are program-related investments? They are an important, useful, and...

Are foundations of public universities too secretive?

Foundations of Public Universities: Too Secretive?

08:00 14 June in Board Governance, Endowments, Nonprofit, Private Foundations, Supporting Organizations

They have been called “‘slush funds’ and ‘shadow corporations’ that too often operate in secrecy, ….”   “Public officials are raising questions about the spending practices of the nonprofit fundraising arms of public universities,” according to the Council of Nonprofits. They control huge amounts of money...