White House Seeks to Spur Innovative Spending by Foundations – Tax Watch – The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

The Obama administration has proposed new rules designed to encourage foundations to spend money to promote the social good in ways other than grants, for example through low-interest loans or stock purchases in for-profit companies.

Foundations have historically been reluctant to use such program-related investments “because of confusion about how they work and the high costs associated with them,” Jonathan Greenblatt, a White House official, said in a blog post.

via White House Seeks to Spur Innovative Spending by Foundations – Tax Watch – The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas.

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