Loans to Individuals to Attend College

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.




Social Entrepreneurship
Spotlight



Youths in the Middle East Address Unemployment By Creating New Businesses


Youths in the Middle East Address Unemployment By Creating New Businesses

Youths in the Middle East deal with the world’s social problems such as high youth unemployment rates. As a solution, some are creating new businesses with a social purpose, such as tackling environmental issues, illiteracy or health, while also spurring job creation.




Social Sector Jobs

  Executive Director Jobs
  Social Services Jobs
  Education Jobs
  Foundation Related Jobs
  Substance Abuse Jobs



Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

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