May 8, 2012
Quick Regulatory Update
Our friends at Treasury have been busy over the last two weeks, with two sets of regulations coming out in the charitable area:
1. Final Regulations Under Section 642(c). The IRS issued final regulations under Section 642(c) regarding the character of income for charitable lead trusts.
2. Additional Examples of PRIs under Section 4944. The IRS issued proposed regulations under Section 4944, adding a number of updated examples of "program related investments" for private foundations. Lots of good stuff in there.
I wanted to make you all aware these were out there - hopefully, more analysis later!
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