Program related investments (PRIs) are loans or other investments a foundation makes to support its charitable purpose. PRIs count toward a foundation’s distribution requirement as long as they meet a few basic requirements. The best part is that the funds generally are returned to the foundation to be used for other PRIs or for grants.
Slightly different from traditional grantmaking, PRIs are a powerful and flexible tool for your grantmaker’s toolkit. According to your small foundation colleagues, PRIs are a relatively easy way to leverage small investments for big impact.Login to Read More