N-2015-62: Investments Made for Charitable Purposes

Internal Revenue Service (IRS) sent this bulletin at 09/15/2015 02:00 PM EDT

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September 15, 2015

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Issue Number: N-2015-62

Inside This Issue

Notice 2015-62 confirms that under section 4944 of the Internal Revenue Code, private foundation managers may consider the relationship between a particular investment and the foundation’s charitable purpose when exercising ordinary business care and prudence in deciding whether to make the investment.

It will appear in IRB 2015-39 dated Sept. 28, 2015.

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