Legal/Tax Considerations & Diversification of Assets into Impact

Ksapa delves into the legal and tax considerations and comfort letters from legal and tax around the use of PRI and MRI

Mission-related investments (MRIs) and program-related investments (PRIs) are designed to create positive social impact combined with a certain degree of financial return. Despite this similarity, however, each type of investment has different legal and tax consequences for investing, particularly for private foundations.

The question then arises as to what are the relevant legal and tax considerations around the use of PRI and MRI? How can the board, management and staff become proficient in transitioning towards impact strategies? What are the fiduciary considerations? Is the organization prepared and positioned to make an impact policy decision?

The webinar will address actionable methodologies, tools and collaborative initiatives to help foundations better navigate the legal and tax landscape around impact strategies using MRI and PRI.

During this webinar moderated by Julie Muraco, our team will be in discussion with:

·     Christine Looney, Deputy Director, Mission Investments at Ford Foundation

·     David Miller, Partner at Proskauer Rose LLP  

·     Raphael Hara, Managing Director at Ksapa 

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