Program-Related Investments (PRIs) are investments that, individuals private foundations and public charities can make to advance a charitable missions.
To be classified as a PRI, an investment must meet two main requirements:
The primary purpose of the investment is to advance a charitable purpose.
The financial terms of the investment are in some way "below-market."
Program-Related Investments are extremely versatile.
They can be structured in any form — equity, loans, guarantees, etc.
They can be made to any type of recipient — nonprofits, businesses, social businesses, government, and individuals
They can be used to advance any approved charitable purpose
