Program-Related Investing

Skills and Strategies for New PRI Funders
 

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ANNOTATED TABLE OF CONTENTS
  • What Is a PRI?
    Program-related investments can be valuable tools for foundations, applicable in any field where below-market loans or other investments can advance charitable objectives.
     
  • Deciding to Make PRIs: Putting the Pieces in Place
    Before making its first PRI, a foundation should do a few basic things: assemble the necessary financial and legal skills, get its trustees on board with the idea, and locate a likely deal or two.
     
  • How Three Foundations Got Their Feet Wet with PRIs
    There's more than one way to get into the PRI pond. Here are three approaches: jumping into a full-fledged commitment to PRIs, wading in slowly while developing skills and policies as needed, or getting thrown in by circumstance.
     
  • Making and Structuring Deals
    PRI funders typically follow some basic steps as they analyze a potential deal, conduct due diligence, and establish its terms.
     
  • PRIs in the Big Picture
    Effective PRI makers tend to think strategically about how program-related investing can stretch a foundation's resources and expand their own skills as grantmakers.