Program-related investments (PRIs) are one of the unique advantages afforded to private foundations. In fact, they’re one of the many ways our in-house experts support our clients to help them strategize and maximize their giving capabilities while tapping into their creativity. Whether in the form of loans, loan guarantees or equity investments, these financial vehicles offer philanthropists an alternative to traditional grantmaking—with the opportunity for charitable dollars to be recovered in part or in whole. In some cases, it may even earn some return for the foundation in the form of interest or appreciation.
In this special edition of our Foundation Friday Series, we’re sharing how one of our clients, the Archarios Foundation, sought to expand its impact beyond grantmaking by establishing a PRI lending program.
