According to Evans and Petrovits (2013) private foundations lost more than 20% of their assets during the economic crisis.  During this same period the demand for charitable services and foundation dollars to support those services increased significantly. The IRS has given the green light for private foundations to make more program-related investments.  Read the article below and discuss whether you agree or disagree with the proposed regulations.

Recycling charitable dollars: IRS gives green light to more program-related investments

http://www.journalofaccountancy.com/Issues/2013/Aug/20137610