November 13, 2008
Few Legal Barriers Prevent Mission-Related Investments, Study Finds
By Nicole WallaceFoundations have considerable freedom under the law to make investments that further their charitable missions, even if those investments carry greater risk or offer lower returns than more conventional investments, according to a new study.
FSG Social Impact Advisors, a nonprofit consulting and research group in Boston, analyzed federal tax law, state laws regarding the fiduciary duty of foundation trustees, and
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