Legal Primer for Foundations – by Miller Thomson

Legal Implications of Impact Investing – by Miller Thomson

We see many foundations that are unclear about the legal implications of impact investing.  Some of the questions we hear most often are: “Is impact investing consistent with our board’s fiduciary duties?”, “Does impact investing meet the prudent investor standard?”, and “Will impact investing affect our status as a registered charity?”  There are also a number of myths that have led foundations to believe that they either cannot do any impact investing or face great legal risk in doing so….

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