Program-related investments (PRIs) are mission investments in the form of inexpensive capital available to non-profit OR for-profit social enterprises that are addressing social and environmental challenges. Unlike grants, PRIs are expected to be repaid, often with a modest, risk-adjusted, rate of return. Once repaid, the money used for a PRI is recycled into new charitable investments. (Source: Mission Investors Exchange)
Why would your org consider PRIs? If you're a for-profit social business that can't qualify for traditional grants. If your project might generate revenue or attract other investments. PRIs often are used for large amounts required for capital projects, purchase land or equipment, capitalize a loan fund, start a business venture, but they are used for smaller amounts and projects, too.
Learn about this alternative revenue source in our Q&A live chat on Wednesday, Sept. 25, 1-2pm ET, with our experts, Stephaney Kipple, Real Estate Consulting Analyst for Northern California Community Loan Fund, and Tony Wells, President & CEO of the Tony R. Wells Foundation.
Get some basic facts about PRIs with these articles:
- What is a program-related investment?
- Program-related investments - from Mission Investors Exchange, an affinity group of mission investing foundations and affiliates
- Program-Related Investments: Funding community development - written for would-be PRI recipients
- Program-Related Investments: More complicated than grants, but worth considering - a grantmaker's viewpoint
Send your questions in advance to firstname.lastname@example.org. Hope to see you on Sept. 25! Get more info or register>>