Loans to Individuals to Attend College

credit: Flickr

X is a socially and economically disadvantaged individual. Y, a private foundation, makes an interest-free loan to X for the primary purpose of enabling X to attend college. The loan has no significant purpose involving the production of income or the appreciation of property. The loan significantly furthers the accomplishment of Y's exempt activities and would not have been made but for such relationship between the loan and Y's exempt activities. Accordingly, the loan is a program-related investment.

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.

PRI News from...

Kresge Foundation

Social Entrepreneurship

Why Social Enterprise is the Way Moving Forward

Thousands of social enterprises in the UK are emerging and they are employing more than one million people. According to the trade body Social Enterprise UK (SEUK)’s estimates, these social businesses contribute £24 billion to the economy.

Social Services Jobs

  Education Jobs
  Substance Abuse Jobs
  Human Services Jobs
  Social Work Jobs
  Fundraising & Development Jobs

Federal Government Grant and Assistance Programs

Urban Waters Small Grants | Public Safety Officers" Benefits Program | State Mediation Grants | Civil Legal Assistance Attorney Student Loan Repayment Program | Oral Diseases and Disorders Research | Mental and Behavioral Health Education and Training Grants | Community Challenge Planning Grants and the Department of Transportation"s TIGER II Planning Grants | Estuary Habitat Restoration Program | | Site Style by YAML | | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2021 Copyright Michael Saunders