Expenditures by program-related investment recipients - lobbying exception

 

Any amount paid or incurred by a recipient of a program-related investment in connection with an appearance before, or communication with, any legislative body on legislation or proposed legislation of direct interest to the recipient will not be attributed to the investing foundation if:

  • The foundation does not earmark its funds to carry on propaganda or otherwise attempt to influence legislation, and
  • A trade or businesses deduction is allowable to the recipient for this expenditure.