Like responsive grants, Program Related Investments (PRIs) are one of many ways a foundation can choose to invest in the long-term vitality of their communities – increasing access to capital on fair and affordable terms to meet the financing needs of local small businesses, nonprofit organizations, and families, especially those who may qualify for financing, but face barriers to access.
Now as philanthropy begins to think beyond the immediate needs of COVID-19, the question becomes what other tools can be used to ensure the health and well being of the communities? More foundations are talking about PRIs as a part of their plan to support communities as they transition into the new “normal.” Yet, who can philanthropy look at for an example of this strategy in practice?
Since 1995, Bader Philanthropies has looked for opportunities to build on its grantmaking strategy through investment tools. Given their extensive experience in leveraging PRIs, we’ve invited Lisa Hiller, Vice President of Administration and Kim Thao, Operations Director to share their wealth of knowledge on this undervalued grantmaking tool. Join us for our next Fireside Chat to get a better understanding of PRIs, how they can be incorporated into your foundation's strategy, and how Bader Philanthropies was able to successfully implement PRIs in Platform3.