L3C Proponents Eager for Proposed New Program Related Investments Regulations - NPQ – Nonprofit Quarterly - Promoting an active an engaged democracy.

L3C Proponents Eager for Proposed New Program Related Investments Regulations - NPQ – Nonprofit Quarterly - Promoting an active an engaged democracy.: The Internal Revenue Service has just released proposed regulations that aim to clarify the rules for program related investments (PRIs). The proposed regulations would tell foundations what kinds of PRIs might be characterized as a “jeopardizing investment” that could results in excise taxes on both the foundation and the foundation managers involved.