Finance

Impact investing has the potential to enable every foundation, regardless of size, to pursue its philanthropic mission more effectively. It can help family foundations with few or no staff put more and different types of capital to work for social good and it can deliver philanthropic impact alongside financial returns—which enables reinvestment of those funds in pursuit of even more social good.

The Internal Revenue Service today issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. 

Query: A Philanthropy Ohio colleague is requesting suggestions for an auditing firm. They are interested in a company experienced in working with organizations at the $10 million level. Their foundation will be experiencing an annual audit for the very first time.