PFS2205. Impact Investing: Part II - Legal, Tax and Accounting Considerations

During this session we will dive further into the reporting requirements for the program-related investments discussed in the case study from both the financial statement and tax perspective. We will discuss additional legal considerations based on the nature of the program-related investment. We will also highlight other possible structures for program-related investments and the reporting implications for those structures.

Learning Objectives:

• Identify the reporting mechanics for both U.S. GAAP financial statements and IRS requirements with respect to program-related investments.
• Discuss best practices with respect to anticipating questions that your auditors or tax preparers may have with respect to program-related investments.
• Discuss legal considerations related to different types of structures and what type of due diligence is necessary to ensure a smooth transaction.