United States · Bill · HR
H.R. 3420 (112th)
Philanthropic Facilitation Act
Introduced
14 November 2011
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
Philanthropic Facilitation Act - Amends the Internal Revenue Code to: (1) expand the definition of, and requirements relating to, "program-related investments" made by private foundations to for-profit entities to further certain charitable purposes; (2) allow a judicial determination (i.e., declaratory judgment) as to whether investments in any entity qualify as program-related investments; (3) require expanded reporting by for-profit entities that receive program-related investments of their gross income, expenses, disbursements, and other information; and (4) allow public inspection of any petition seeking a determination that an investment by a private foundation is a program-related investment and of any information reported by organizations receiving program-related investments.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 14 November 2011
Introduced in House (PDF)
Introduced in House · EN · 14 November 2011
Introduced in House
summary · EN · 14 November 2011
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/112th-congress/house-bill/3420
- Open data entity: https://api.congress.gov/v3/bill/112/hr/3420