The tax policy, which has been in place since 1969 and that underlies the concept of a PRI—namely, that private interests
will benefit, but in the course of deriving that benefit, a far greater public benefit will be attained though the overarching
charitable purpose of the PRI. Under federal tax law, such private benefit is deemed “incidental” and regularly occurs in
many charitable relationships. For example, when a student receives a scholarship to attend college, the student receives
a benefit that will result in life-long personal financial return, yet the act of granting the scholarship assistance is a
traditional charitable act.
*See Member Section for more details.
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