Maximizing Impact Investing: From the Perspective of a Foundation and a Local Investor
Date: Wednesday, February 24, 2021
Time: 12:00pm - 1:00pm
Location: Zoom Meeting
Speaker: Jeffrey D. Haskell, J.D., LL.M. & Robert Killins, Jr., CAP®
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Virtual Session
Wednesday, February 24, 2021
12:00 PM - 1:00 PM (ET)
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Maximizing Impact Investing:
From the Perspective of a Foundation
and a Local Investor
Presenters:
Jeffrey D. Haskell, J.D., LL.M. of Foundation Source &
Robert Killins, Jr., CAP® of Greater Cincinnati Foundation
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Date:
Wednesday, February 24, 2021
Time:
12:00 PM - Program Start
1:00 PM - Adjourn
Cost:
Members - FREE!
Non-Member - $15
New Professional - FREE
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Live Zoom Program:
Login information and individual invitations will be sent to those registered prior to the event.
Deadline to Register:
12:00 PM ET, Tuesday, Feb. 23rd
Note: refunds will not be given for cancellations received after the deadline.
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2020-2021 Season Sponsor
We are proud to welcome the
Greater Cincinnati Foundation back as our season sponsor!
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How Savvy Foundations Maximize Impact and Tax Benefits
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Giving money away isn’t the only means to generating a positive social outcome. Impact investing enables private foundations to put their endowment assets to work on behalf of their missions as well.
Jeffrey Haskell, chief legal officer of Foundation Source, will explain the two primary ways in which private foundations may engage in impact investing: program-related investments (PRIs) and mission-related investments (MRIs). He will discuss how to identify and differentiate the two and how to coordinate them with other private foundation rules. Additionally, Mr. Haskell will touch upon some of the legal forms being used to attract funding for PRIs, as well as the consequences of a failed PRI. Participants will also gain an understanding of how PRIs and MRIs can impact a private foundation.
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Creating Big Local Impact by "Recycling" Charitable Dollars
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To begin to understand the opportunities/demand for impact investing in the region, it is important to understand the housing crisis within our region. Impact investing is a tool for clients to use charitable assets to create a strong social return in areas that they care about. Such as, building more affordable housing, creating jobs to expand the economy, reducing environmental impacts and more. These are just a few examples of how an impact investment can make positive change. Attendees will learn how charitable dollars are invested in nonprofits- but have a chance to be recycled and be used for further charitable efforts. Thus, creating the potential for these charitable dollars to be used over time, making an even greater impact than a one-time grant.
As a community foundation, impact investing is another tool, along with grants, to create a positive impact in the community. In addition to impact investments initiated by the foundation for its unrestricted investment, GCF offers an opportunity for donor advised fund holders and private foundations to partner with us in making these investments. GCF is one of a small number of community foundations that also allows donor advised fund holders to initiate their own impact investment deals, not all will be approved but there is opportunity to vet ideas and build new projects with donor collaboration, provided the donor is willing to meet the minimum investment threshold.
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APPROVED Cont. Education Credits
CFP
CPA
KY Legal
OH Legal
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PENDING Cont. Education Credits
OH Insurance
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Jeffrey D. Haskell, J.D., LL.M.
Chief Legal Officer
Foundation Source
As Chief Legal Officer for the nation’s largest provider of comprehensive support services for private foundations, Mr. Haskell is responsible for providing guidance on legal and tax issues to the foundations that the company serves.
He works with and provides guidance to a team of attorneys, accountants, and support professionals who provide tax reporting services to clients of the company as well as support to foundations and their advisors on a range of issues including Program- and Mission-Related Investments, grants to individuals, expenditure responsibility grants, equivalency determinations, scholarship and award programs, set-aside projects, return preparation, and compliance with self-dealing, minimum required distributions, excess business holdings, jeopardizing investments, and taxable expenditure rules.
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Robert Killins, Jr., CAP®
Director of Special Initiatives
Greater Cincinnati Foundation
Robert Killins, Jr. CAP®, is Director of Special Initiatives at Greater Cincinnati Foundation and member of the Donor and Private Foundation’s team where he serves as a philanthropic advisor. He leads GCF’s impact investing work and helps guide The Thomas J. Emery Memorial. Prior to joining GCF, Robert worked at Proctor & Gamble for 24 years.
Robert has earned the Chartered Advisor in Philanthropy (CAP®) professional designation from the Richard D. Irwin Graduate School of The American College, Bryn Mawr, Pennsylvania. The CAP designation provides expertise in helping generous individuals with tax strategies, tools, and techniques in charitable giving as it aligns with the impact they would like to make in their community and the world.
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2020-2021 Supporting Sponsor
We are proud to welcome
Foster & Motley Wealth Management as a supporting sponsor!
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