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Not For Profit/Exempt Organizations Blog

Monthly Archives: October 2015

New Flexibility for Joint Ventures Using Tax-Exempt Bond-Financed Property

Posted in Uncategorized

On October 26, 2015, the IRS released final regulations under Sections 141 and 145 of the Internal Revenue Code concerning the use of property financed with tax-exempt bond proceeds.  The bulk of the new regulations fill a long-reserved spot in Treasury Regulation Section 1.141-6 concerning allocation of bond proceeds to financed property.  In addition, in… Continue Reading

IRS Encourages Private Foundations to Consider Charitable Purposes in Investing Its Assets

Posted in Private Foundations

As we previously reported, the IRS has updated its guidance with helpful examples concerning program-related investments for private foundations.  In its recently issued Notice 2015-62, the IRS provides further assurance that private foundations may take the accomplishment of charitable purposes into account in investing decisions, in addition to financial return. Among other restrictions, private foundations… Continue Reading