It'S Time To Get A Bathing Suit: The Tide Is Going Out On Responsible Investing


credit:

The Supreme Court ruled Friday that private foundations can't be forced to disclose their investments to retirees in retirement plans.

The decision in Loper Bright Enterprises v.Raimondo was 5-4, with the court's conservative justices in the majority and its liberal justices in the dissent.

Here's what you need to know: The ruling "creates uncertainty," writes Megan McArdle at Bloomberg.

"The combination of the uncertainty that this creates and the conservative majority over responsible investing...

creates a shadow on the ability of retirement plan participants in mind (duty of fiduciary) and individual retirement plan participants in mind (duty of loyalty)."

For example, the Labor Department's rule on responsible investingwhich requires managers of retirement plans to inform plan participants of their social and environmental risks and return characteristicswas reinstated after the Supreme Court's decision.

But the IRS, which enforces tax laws, "carefully scrutinizes activities like trading in securities and investing in working interests in oil and gas wells, and whether investment jeopardizes a foundation's exempt purposes is determined at the time that the investment is made and whether it were to win the lottery, even if it were to win the lottery," writes McArdle.

"This decision creates uncertainty."

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Localising Green Technology Innovation: The Role of the Youth

APRI and the Strategic Youth Network For Development (SYND) are convening a side event at COP29 in Baku to discuss the challenges above and share insights on increasing youth interest and...more

Cap Index and University of Arkansas to Measure the Impact of Violence on Children in ...

CAP Index and the University of Arkansas are partnering with the Child Poverty Action Lab (CPAL) to analyze crime trends and conduct targeted firearm research within Dallas.The findings will serve as...more

Barnfonden Joins Forces to Tackle Environmental Degradation and Climate Change

Barnfonden joins forces to tackle environmental degradation and climate change.Grow the Future aims to change the world by giving children and youth the tools to adapt.Children are among the most...more

'Laser-Focused on Innovation': How A Nebraska Health System Excels in Digital

'Laser-focused on innovation': How a Nebraska health system excels in digital.Children's Nebraska is the first, and so far only, pediatric health system using holographic technology for behavioral...more

Bass Center Caregiver Wellness Event Fosters Community and Connection

Bass Center Caregiver Wellness Event Fosters Community and Connection - Stanford Medicine Children's Health Blog.Bass Center Wellness Education Day for Pediatric Caregivers was designed to help...more

New Uab Clinical Trial Explores An Innovative Method to Slow Nearsightedness in Children

New UAB clinical trial explores an innovative method to slow nearsightedness in children.Safal Khanal will use the grant to lead a clinical trial to investigate the efficacy of a new myopia treatment...more

Emoji-Only Communication Toys : Sega Emojam

The SEGA Emojam is a communication toy for kids engineered with a pager-inspired user experience in mind.The device enables users to have 100 people on their friends list to chat with, while also...more

World-First Social Media Ban For Under-16S

Australia will move to ban social media for children under the age of 16.Prime Minister Anthony Albanese announced the minimum age requirements for social media on Thursday.But with a trial of age...more

Australia Proposes Social Media Ban For Children Under the Age of 16

Australia to introduce age limit of 16 for children to start using social media.Prime Minister Anthony Albanese: "Social media is doing harm to our kids" Platforms would be penalized for breaching...more

Two Projects Funded Through College of Education's New Innovation Fellows Program Will ...

Two Projects Funded through College of Education's New Innovation Fellows Program Will Address Future Teachers' Wellbeing, Use Technology to Improve Literacy Outcomes.iWolfpack Readers and Writers:...more


Children News from...


Gates Foundation

Ashoka, a global platform for social innovation, introduced the Arab World Social Entrepreneurship Programme (ASEP) to support local social entrepreneurs in scaling up their operations in three key areas – healthcare, environment and women participation for inclusive growth.



Federal Government Grant and Assistance Programs


Pacific Fisheries Data Program | Border Interoperability Demonstration Project | Water and Waste Disposal Systems for Rural Communities - ARRA | Edward Byrne Memorial Formula Grant Program | Special International Exchange Grant Programs | Minimum Penalties for Repeat Offenders for Driving While Intoxicated | Edward Byrne Memorial Justice Assistance Grant Program | | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders