Venture Philanthropy Deal Okayed

From David T. Leibell and Daniel L. Daniels, partners of Cummings & Lockwood LLC in Stamford, Conn., we have this update: IRS approves private foundation's venture philanthropy strategy for assisting minority-controlled businesses. The IRS recently issued a ruling that's notable because it highlights a trend known as venture philanthropy, in which private foundations attempt to leverage their value

From David T. Leibell and Daniel L. Daniels, partners of Cummings & Lockwood LLC in Stamford, Conn., we have this update:

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