Program related investments (PRIs) are a powerful and flexible tool to add to your foundation’s toolkit.
What is a PRI? A PRI is a loan, loan guarantee, or other type of investment made by a foundation to support a charitable purpose. For foundations working with few or no staff, PRIs can be an effective way to leverage limited assets because the funds tend to be recycled.
Although different from traditional grantmaking, PRI-making doesn’t need to be intimidating. This article provides you with a quick overview of PRIs: key legal considerations, examples of projects funded by Exponent Philanthropy members through PRIs, and a list of questions to help you initiate a conversation with your board.
Full article includes sample documents.
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