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DTSTART:20210224T170000Z
DTEND:20210224T180000Z
LOCATION:Zoom Meeting
UID:2063020210224T170000ZMaximizing Impact Investing: From the Perspective of a Foundation and a Local Investor
DTSTAMP:20260721T104911Z
DESCRIPTION:\n  \n     \n  \nVirtual Session \n \nWednesday, February 24, 2021 \n12:00 PM - 1:00 PM (ET)      \n  \n  \n \nMaximizing Impact Investing: \nFrom the Perspective of a Foundation \nand a Local Investor \nPresenters: \nJeffrey D. Haskell, J.D., LL.M. of Foundation Source & \nRobert Killins, Jr., CAP® of Greater Cincinnati Foundation \n       \n  \nEvent Details     \n \n   \n  \n \nDate: \nWednesday, February 24, 2021 \n  \nTime: \n12:00 PM - Program Start \n1:00 PM - Adjourn \n  \nCost: \nMembers - FREE! \nNon-Member - $15 \nNew Professional - FREE      \n  \n  \nLive Zoom Program: \n \nLogin information and individual invitations will be sent to those registered prior to the event. \n  \nDeadline to Register: \n12:00 PM ET, Tuesday, Feb. 23rd \n  \nNote: refunds will not be given for cancellations received after the deadline.      \n \n   \n  \n2020-2021 Season Sponsor \n \nWe are proud to welcome the \nGreater Cincinnati Foundation back as our season sponsor!      \n  \n[](https://www.gcfdn.org/)     \n  \nAbout the Presentation      \n \n   \n  \nHow Savvy Foundations Maximize Impact and Tax Benefits   \n  \nGiving 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.   \n \n  \nJeffrey Haskell, chief legal officer of [Foundation Source](http://www.foundationsource.com/), 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.      \n     \n  \nCreating Big Local Impact by "Recycling" Charitable Dollars   \n  \nTo 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.  \n \n  \nAs 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.        \n \n   \n  \nAPPROVED Cont. Education Credits \n \n  \nCFP \nCPA \nKY Legal \nOH Legal       \n  \n  \n \nPENDING Cont. Education Credits \n  \nOH Insurance         \n  \nAbout the Speakers   \n  \n  \n      \n \nJeffrey D. Haskell, J.D., LL.M. \nChief Legal Officer \nFoundation Source \n  \nAs 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.  \n  \nHe 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.     \n       \n  \n   \n     \n \nRobert Killins, Jr., CAP® \nDirector of Special Initiatives \nGreater Cincinnati Foundation \n  \nRobert 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.  \n  \nRobert 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.         \n \n[](https://www.fosterandmotley.com/)    \n  \n2020-2021 Supporting Sponsor \n \nWe are proud to welcome  \nFoster & Motley Wealth Management as a supporting sponsor!
SUMMARY:Maximizing Impact Investing: From the Perspective of a Foundation and a Local Investor - Cincinnati Estate Planning Council 
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DESCRIPTION:Reminder
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