Microloans to Individuals in Developing Countries

credit: From: Wikipedia

Y, a private foundation, makes loans bearing interest below the market rate for commercial loans of comparable risk to poor individuals who live in W, a developing country, to enable them to start small businesses such as a roadside fruit stand.

Conventional sources of funds were unwilling or unable to provide such loans on terms they consider economically feasible. Y's primary purpose in making the loans is to provide relief to the poor and distressed. No significant purpose of the loans involves the production of income or the appreciation of property.

The loans significantly further the accomplishment of Y's exempt activities and would not have been made but for such relationship between the loans and Y's exempt activities. Accordingly, the loans to the poor individuals who live in W are program-related investments.

This is an illustration modified from examples provided by the Internal Revenue Service. It is not a legal opinion on the tax treatment of any specific agreement between a private foundation and other entity.

Social Entrepreneurship

Remembering Greg Dees, Social Entrepreneurship Education Pioneer

Remembering Greg Dees, Social Entrepreneurship Education Pioneer

J. Gregory Dees, an internationally acclaimed Professor of the Practice of Social Entrepreneurship and co-founder of the Center for the Advancement of Social Entrepreneurship at Duke University’s Fuqua School of Business, passed away at age 63 at the Duke Hospital Friday.

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