Program Related Investments and Loans

Find the Latest Program Related Investments and Loans
Denise Elizabeth
Denise Elizabeth
Senior Financial Editor & Writer

Date Published: February 23, 2021

Blue Moon Fund

The Blue Moon Fund makes investments that promote the development of environmentally responsible, socially equitable, and fiscally sound small and medium scale ventures in support of the fund’s philosophy.

Calvert Foundation

For over 10 years, Calvert Foundation, a nonprofit 501(c)(3) organization, has been working to make community investment a safe and logical option for all investors seeking to make a positive social impact. We focus on using investment capital, rather than conventional philanthropy, to create a sustainable, scalable model that enables nonprofit organizations and social enterprises to address critical social problems.

Calvert Foundation

The Foundation offers individuals opportunities to reach disadvantaged communities with economic development capital –– creating jobs and homes, while earning a modest return on investment.

CAN Social Investment

The Social Investment Forum is the U.S. national nonprofit membership association for professionals, firms and organizations dedicated to advancing the practice and growth of socially responsible investing (SRI). Critical to responsible investment practice is the consideration of environmental, social and corporate governance criteria in addition to standard financial analysis.

Castanea Foundation, Inc.

The Foundation particularly emphasizes conservation projects that promote economically viable and environmentally sound farm enterprises. The Foundation’s underlying belief is that the health of the region’s agriculture is essential to the future health of rural communities in Vermont and New York.

Civic Innovation Lab

The Civic Innovation Lab fuels innovation by providing mentoring and funding of up to $30,000 for ideas that can improve the Greater Cleveland economy.

Claude Worthington Benedum Foundation - West Virginia

Economic development – In addition, many of the communities in the region served by the Foundation are rural, and enjoy abundant natural assets that provide economic opportunities that complement centers of technology–based growth. The Foundation supports efforts to advance agriculture, outdoor recreation, artisanship, and cultural tourism. Specific areas of Foundation interest include: 1. Promotion of entrepreneurship, 2. Projects that promote…

Cleveland Colectivo

Our mission is to strengthen our community through collective investments that identify and nurture innovative projects. We pool our funds and share our energy to invest it back into projects that we see as worthwhile and exciting in Cleveland.

Dakota Foundation - North Dakota & New Mexico

The Dakota Foundation Program Related Investments (PRIs) are most commonly made as below–market rate loans or, occasionally, equity interest, and require that the agency receiving the PRI generate sufficient cash flow ultimately to repay the loan or provide a return on the equity. Our geographic focus primarily is on activities in North Dakota and New Mexico, although ventures in other areas may be funded infrequently if they meet our criteria and sh…

F.B. Heron Foundation

The Foundation makes grants to and investments in entities that are engaged in one or more of the following wealth–creation strategies–including emerging opportunities to incorporate sustainable practices within the context of healthy environments–that benefit low– and moderate–income families and communities. The specific wealth–creation and preservation strategies are: Advancing home ownership, Supporting enterprise de…

Ford Foundation

Program Related Investments are usually loans made at below–market interest rates. PRIs can be made to both nonprofit and for–profit businesses as long as the money is used to further a charitable purpose. PRIs are helpful to businesses and social enterprises whose access to the market banking system is limited because of a lack of credit history or uncertainty about the eventual success of a project. When using a PRI, a program officer can als…

Grants Fundraising.com

Grants Fundraising.com’s purpose is to help spread the word about grants programs initiatives and fundraising opportunities from foundations, 501c3 non–profits organizations and private sector sources by posting those initiatives on our site. If your organization, foundation or fundraising company has grants opportunities and you are looking to spread the word about it we invite you to contact us about it so we may be able to post your grant ini…

Helen Bader Foundation - Wisconsin

The Foundation has used PRIs to strengthen the job– and business–development objectives of its Economic Dev. program area. The Foundation has awarded loans and loan guarantees to ventures and projects with the potential for improving Milwaukee’s economic vitality, with a particular focus on the city’s struggling neighborhoods.

KLFelicitas Foundation

PRIs are awarded to charitable organizations or commercial ventures providing charitable goods or services. PRIs employ financing methods such as loans, loan guarantees, lines of credit, linked deposits, or equity investments.

Kresge Foundation

Program–related investments are loans to nonprofit organizations, including nonprofit banks or community development financial institutions. PRIs provide high–performance organizations with access to financial capital. A secondary benefit of the PRI is that interest is charged at below–market rates.

MacArthur Foundation

To expand the impact of its grantmaking, the MacArthur Foundation uses program–related investments (PRIs). PRIs are an innovative type of philanthropy tool that usually takes the form of low–interest loans to nonprofit organizations.

Maine Community Foundation

Maine Community Foundation has several funds that make grants to individuals for professional development and special projects.

Marin Community Foundation Loan Fund

Besides making grants to nonprofit groups, the Marin Community Foundation has also established the Marin Community Foundation Loan Fund to maximize the financial capacity of nonprofit organizations in Marin County. The loan fund provides a financial resource to the community by offering debt financing to organizations that typically cannot access or afford commercial debt.

Marion I. & Henry J. Knott Foundation

Eligible nonprofits may apply for short–term (30–180 days) cash flow loans against delayed receivables from government, foundation or corporate grants and contracts. Loan amounts can range from a minimum of $10,000 to $25,000 for organizations that the Foundation has never funded and $30,000 for previously funded organizations. Loans are made in alignment with the Foundation’s funding guidelines, policies, criteria and priorities. The loan…

Melville Charitable Trust - Connecticut

The Trust will make available money for general purposes, seed money and support for special projects, including technical assistance. Requests for program related investments (non–grant support such as loans – called PRIs) will also be considered. Support will typically be for one year, although multi–year requests will be considered.

Northwest Area Foundation

A key strategy for moving low–income people out of poverty is to increase financial assets and build wealth among individuals and in communities. We support efforts that link asset development strategies for greater impact.

Pearl M. & Julia J. Harmon Foundation (Word Document)

In 1981 the Foundation’s Trustees decided to experiment with offering Program–Related Investments in the form of zero interest loans. It was a time of hyper–inflation and charities were having to borrow at high rates just to begin building so rising costs would not make their buildings more expensive faster than they could raise money. Our goal was to establish a revolving fund of loan principal which would enable the Foundation to support…

RSF Social Finance

Since 1984, RSF has made over $190 million in loans to both nonprofit and for–profit organizations. Borrowers not only receive financing to meet their capital needs; through a close relationship with RSF, each becomes part of a larger community working to change the way the world works with money. If RSF is not the most appropriate source of capital for your organization at the time you contact us, we will do our best to refer you to additional resou…

Skoll Foundation

The Skoll Foundation’s mission is to drive large–scale change by investing in, connecting and celebrating social entrepreneurs and other innovators dedicated to solving the world’s most pressing problems. Social entrepreneurs are proven leaders whose approaches and solutions to social problems are helping to better the lives and circumstances of countless underserved or disadvantaged individuals.

Wieboldt Foundation

The Wieboldt Foundation offers program related investments (PRIs) to support neighborhood development and revitalization. Through program related investments, loans, loan guarantees, or equity investments are available to help community organizations or groups working with low–income people whose work on housing, community economic development, and community ventures require this kind of financing. The Wieboldt Foundation funds Grassroots Community O…

Blue Moon Fund

The Blue Moon Fund makes investments that promote the development of environmentally responsible, socially equitable, and fiscally sound small and medium scale ventures in support of the fund’s philosophy.

Calvert Foundation

For over 10 years, Calvert Foundation, a nonprofit 501(c)(3) organization, has been working to make community investment a safe and logical option for all investors seeking to make a positive social impact. We focus on using investment capital, rather than conventional philanthropy, to create a sustainable, scalable model that enables nonprofit organizations and social enterprises to address critical social problems.

Calvert Foundation

The Foundation offers individuals opportunities to reach disadvantaged communities with economic development capital –– creating jobs and homes, while earning a modest return on investment.

CAN Social Investment

The Social Investment Forum is the U.S. national nonprofit membership association for professionals, firms and organizations dedicated to advancing the practice and growth of socially responsible investing (SRI). Critical to responsible investment practice is the consideration of environmental, social and corporate governance criteria in addition to standard financial analysis.

Castanea Foundation, Inc.

The Foundation particularly emphasizes conservation projects that promote economically viable and environmentally sound farm enterprises. The Foundation’s underlying belief is that the health of the region’s agriculture is essential to the future health of rural communities in Vermont and New York.

Civic Innovation Lab

The Civic Innovation Lab fuels innovation by providing mentoring and funding of up to $30,000 for ideas that can improve the Greater Cleveland economy.

Claude Worthington Benedum Foundation - West Virginia

Economic development – In addition, many of the communities in the region served by the Foundation are rural, and enjoy abundant natural assets that provide economic opportunities that complement centers of technology–based growth. The Foundation supports efforts to advance agriculture, outdoor recreation, artisanship, and cultural tourism. Specific areas of Foundation interest include: 1. Promotion of entrepreneurship, 2. Projects that promote…

Cleveland Colectivo

Our mission is to strengthen our community through collective investments that identify and nurture innovative projects. We pool our funds and share our energy to invest it back into projects that we see as worthwhile and exciting in Cleveland.

Dakota Foundation - North Dakota & New Mexico

The Dakota Foundation Program Related Investments (PRIs) are most commonly made as below–market rate loans or, occasionally, equity interest, and require that the agency receiving the PRI generate sufficient cash flow ultimately to repay the loan or provide a return on the equity. Our geographic focus primarily is on activities in North Dakota and New Mexico, although ventures in other areas may be funded infrequently if they meet our criteria and sh…

F.B. Heron Foundation

The Foundation makes grants to and investments in entities that are engaged in one or more of the following wealth–creation strategies–including emerging opportunities to incorporate sustainable practices within the context of healthy environments–that benefit low– and moderate–income families and communities. The specific wealth–creation and preservation strategies are: Advancing home ownership, Supporting enterprise de…

Ford Foundation

Program Related Investments are usually loans made at below–market interest rates. PRIs can be made to both nonprofit and for–profit businesses as long as the money is used to further a charitable purpose. PRIs are helpful to businesses and social enterprises whose access to the market banking system is limited because of a lack of credit history or uncertainty about the eventual success of a project. When using a PRI, a program officer can als…

Grants Fundraising.com

Grants Fundraising.com’s purpose is to help spread the word about grants programs initiatives and fundraising opportunities from foundations, 501c3 non–profits organizations and private sector sources by posting those initiatives on our site. If your organization, foundation or fundraising company has grants opportunities and you are looking to spread the word about it we invite you to contact us about it so we may be able to post your grant ini…

Helen Bader Foundation - Wisconsin

The Foundation has used PRIs to strengthen the job– and business–development objectives of its Economic Dev. program area. The Foundation has awarded loans and loan guarantees to ventures and projects with the potential for improving Milwaukee’s economic vitality, with a particular focus on the city’s struggling neighborhoods.

KLFelicitas Foundation

PRIs are awarded to charitable organizations or commercial ventures providing charitable goods or services. PRIs employ financing methods such as loans, loan guarantees, lines of credit, linked deposits, or equity investments.

Kresge Foundation

Program–related investments are loans to nonprofit organizations, including nonprofit banks or community development financial institutions. PRIs provide high–performance organizations with access to financial capital. A secondary benefit of the PRI is that interest is charged at below–market rates.

MacArthur Foundation

To expand the impact of its grantmaking, the MacArthur Foundation uses program–related investments (PRIs). PRIs are an innovative type of philanthropy tool that usually takes the form of low–interest loans to nonprofit organizations.

Maine Community Foundation

Maine Community Foundation has several funds that make grants to individuals for professional development and special projects.

Marin Community Foundation Loan Fund

Besides making grants to nonprofit groups, the Marin Community Foundation has also established the Marin Community Foundation Loan Fund to maximize the financial capacity of nonprofit organizations in Marin County. The loan fund provides a financial resource to the community by offering debt financing to organizations that typically cannot access or afford commercial debt.

Marion I. & Henry J. Knott Foundation

Eligible nonprofits may apply for short–term (30–180 days) cash flow loans against delayed receivables from government, foundation or corporate grants and contracts. Loan amounts can range from a minimum of $10,000 to $25,000 for organizations that the Foundation has never funded and $30,000 for previously funded organizations. Loans are made in alignment with the Foundation’s funding guidelines, policies, criteria and priorities. The loan…

Melville Charitable Trust - Connecticut

The Trust will make available money for general purposes, seed money and support for special projects, including technical assistance. Requests for program related investments (non–grant support such as loans – called PRIs) will also be considered. Support will typically be for one year, although multi–year requests will be considered.

Northwest Area Foundation

A key strategy for moving low–income people out of poverty is to increase financial assets and build wealth among individuals and in communities. We support efforts that link asset development strategies for greater impact.

Pearl M. & Julia J. Harmon Foundation (Word Document)

In 1981 the Foundation’s Trustees decided to experiment with offering Program–Related Investments in the form of zero interest loans. It was a time of hyper–inflation and charities were having to borrow at high rates just to begin building so rising costs would not make their buildings more expensive faster than they could raise money. Our goal was to establish a revolving fund of loan principal which would enable the Foundation to support…

RSF Social Finance

Since 1984, RSF has made over $190 million in loans to both nonprofit and for–profit organizations. Borrowers not only receive financing to meet their capital needs; through a close relationship with RSF, each becomes part of a larger community working to change the way the world works with money. If RSF is not the most appropriate source of capital for your organization at the time you contact us, we will do our best to refer you to additional resou…

Skoll Foundation

The Skoll Foundation’s mission is to drive large–scale change by investing in, connecting and celebrating social entrepreneurs and other innovators dedicated to solving the world’s most pressing problems. Social entrepreneurs are proven leaders whose approaches and solutions to social problems are helping to better the lives and circumstances of countless underserved or disadvantaged individuals.

Wieboldt Foundation

The Wieboldt Foundation offers program related investments (PRIs) to support neighborhood development and revitalization. Through program related investments, loans, loan guarantees, or equity investments are available to help community organizations or groups working with low–income people whose work on housing, community economic development, and community ventures require this kind of financing. The Wieboldt Foundation funds Grassroots Community O…