Program Related Investments

Mission Investors Exchange

http://www.missioninvestors.org/

Launched in May 2012, Mission Investors Exchange is the culmination of the integration of PRI Makers Network and More for Mission, along with more than 200 Foundations and mission investing organizations that use mission-related investing as a strategy to accomplish their philanthropic goals.  The group offers a variety of tools, workshops, webinars, and a national conference for foundations interested in program related and missions related investing. Read more about Mission Investors Exchange...

Collective Impact

John Kania and Mark Kramer
Stanford Social Innovation Review
Read more about Collective Impact...

Open Society Institute-Baltimore

http://www.soros.org/about/offices-foundations/open-society-institute-baltimore

OSI-Baltimore was launched as a five-year initiative, which has since been extended. The foundation directed over $90 million toward targeted grants and technical assistance to achieve lasting change in Baltimore's neighborhoods, schools, prisons, workplaces and government agencies. Read more about Open Society Institute-Baltimore...

Goldseker Foundation

http://www.goldsekerfoundation.org

Created in 1975 the Goldseker Foundation supports nonprofit organizations helping communities and individuals in the Baltimore metropolitan area. Since its creation, the Goldseker Foundation has granted over $80 million to more than 450 nonprofit organizations and projects in the Baltimore metropolitan area.  Read more about Goldseker Foundation...

Baltimore Community Foundation

http://www.bcf.org

The Baltimore Community Foundation is the fourth largest grant-maker among Maryland's charitable foundations. In 2006, BCF distributed $26 million to hundreds of nonprofit organizations in the Baltimore region and beyond. With assets of $157 million, BCF comprises more than 600 different charitable funds and has granted over $348 since its inception. Founded in 1972, BCF is governed by a 30-member board of trustees, made up of a cross section of Baltimore. Read more about Baltimore Community Foundation...

Annie E. Casey Foundation, Direct Services Grant Program

http://www.aecf.org

The Annie E. Casey Foundation's Baltimore Direct Services Grants Program annually funds a wide range of not-for-profit community-based or community-serving organizations that work directly with disadvantaged children, youth, and families, primarily in Baltimore City. Since the program began in 1995, Casey has made between 20 to 30 new awards ranging from $2,000 to $20,000 each year. Read more about Annie E. Casey Foundation, Direct Services Grant Program...

Pearl M. And Julia J. Harmon Foundation

http://www.harmonfnd.org

Established in 1981, the Harmon Foundation began offering Program-Related Investment as zero interest loans. The Foundation's original goal was to create a revolving fund of loans that would allow them to continually expand on the size and amount of projects they supported. After 31 years, the foundation has successfully accumulated assets that exceed $43 million. Since its launch, they have approved 103 Program loans exceeding $20 million, and not one loan has defaulted. Read more about Pearl M. And Julia J. Harmon Foundation...

PRIMakers Network

http://www.primakers.net/program_profiles

This Seattle based foundation is a coalition of foundations and social investing organizations.  PRIMakers Network connects philanthropic groups, funders, and those new to program related investments through networking events, workshops, activity databases, and information sharing. Read more about PRIMakers Network...

David and Lucile Packard Foundation

http://www.packard.org/what-we-fund/program-related-investments

The Packard Foundation was the nation's leading provider of program-related investments in both 2002 and 2003. As of January 2005, the foundation had made a total of 119 PRIs with a combined value of $375.4 million. Read more about David and Lucile Packard Foundation...

Meyers Memorial Trust

http://www.mmt.org/program/pri

This Oregon-based foundation has provided program-related investments since the late 1980s in a number of areas, including environmental protection, historic preservation, microenterprise, social enterprise, and affordable housing. Read more about Meyers Memorial Trust...

John D. and Catherine T. MacArthur Foundation

http://www.macfound.org/programs/program-related-investments/

The MacArthur Foundation has traditionally focused its PRI programs to provide capital for community development financial institutions. Since 1983, it has awarded approximately $350 million in program related investments. In 2003, while continuing this past support, MacArthur launched a new $50 million initiative designed to address the growing shortage of affordable rental housing by providing direct capital support to nonprofit leaders in affordable rental housing preservation. Read more about John D. and Catherine T. MacArthur Foundation...

F. B. Heron Foundation

http://www.fbheron.org/index.html

The Heron Foundation focuses on promoting five wealth creation strategies: home ownership, business development, childcare, community development, and access to capital. As of December 2003, it had disbursed $15.5 million in program-related investments. Read more about F. B. Heron Foundation...

Global Impact Investing Network

http://www.globalimpactinvestingnetwork.org

The Global Impact Investing Network (GIIN) is a nonprofit organization that aims to increase the efficiency and effectiveness of impact investing to tackle social challenges and generate a profit. GIIN’s programmatic strategy focuses on three key areas: Investors’ Council is a group of leading impact investors who broadcast research and best practices. Impact Reporting and Investment Standards (IRIS) establish a common framework for measuring impact. Finally, outreach seeks to heighten standards, disseminate research, and increase transparency. Read more about Global Impact Investing Network...

George Gund Foundation

http://www.gundfdn.org/what-we-fund/program-related-investments

This Cleveland-based foundation's first PRI was made in 1984 when $333,000 was lent to support the building of a 183 unit housing development in the Hough neighborhood of Cleveland. Since then, nearly 25 separate PRI transactions have been completed. Currently, the Foundation has over $8 million invested in 13 active transactions. Read more about George Gund Foundation...

Ford Foundation

http://www.fordfound.org/grants/program-related-investment

The Ford Foundation initiated its PRI program in 1968 and continues to use program-related investments to support community development both within the United States and throughout the world. Read more about Ford Foundation...

Americans for Community Development

http://www.americansforcommunitydevelopment.org

Americans for Community Development is a coalition that encourages the use of program related investments through low-profit, limited liability corporations (L3C) to achieve social goals. The group's efforts helped result in a 2008 Vermont law giving legal recognition to such companies. The Vermont law specifies that companies so designated must further the accomplishment of a charitable or educational purpose, and demonstrate that the company would not have been formed but for its relationship to such purposes. Read more about Americans for Community Development...

Abell Foundation

http://www.abell.org/

Founded in 1953, the Abell Foundation aims to enhance the quality of life in Maryland, with a focus on Baltimore City.  With assets of more than $350 million, the foundation not only provides grants to achieve its mission, but also makes direct investments in companies that promote social objectives, create jobs, and are located in, or agree to relocate to, Baltimore City.  The foundation is especially interested in supporting early-stage companies that foster promising technologies.  In 2014, Abell’s assets included $8.9 million of investments in such companies. Read more about Abell Foundation...

Swan's Market

http://www.swansmarket.com

This effort involved a $20 million, 135,000 square-foot project that included affordable housing, renovation of an existing market (Swans Market), a neighboring shopping center (Jack London Gateway), and cultural facilities (including a museum). Led by the East Bay Asian Local Development Corporation, an Oakland CDC, it also received critical support from the Heron Foundation, which provided two PRI loans for a total of $600,000 to support the project. Read more about Swan's Market...