Program-Related Investing

ASSESSING AND MANAGING PRI RISK

When grantmakers talk about assessing and managing the risks associated with program-related investing, they're referring to both financial and programmatic concerns. GrantCraft asked five experienced PRI makers how they think about risk, how they weigh and balance different sorts of risk, and how they mitigate risk in their PRI portfolios:

• Shari Berenbach, executive director of the Calvert Social Investment Foundation
• Frank DeGiovanni, director of the Ford Foundation's Economic Development Unit
• Robert Jaquay, associate director of the George Gund Foundation, one of Ohio's largest family foundations
• Debra Schwartz, director of program-related investments at The John D. and Catherine T. MacArthur Foundation
• Tom Trinley, director of finance and administration for the Chicago-based Gaylord and Dorothy Donnelley Foundation

This conversation supplements GrantCraft's guide, Program-Related Investing: Skills & Strategies for New PRI Funders. Additional editions of A Closer Look are also available.