Simply Put: What is a PRI?
PRIs are investments made by foundations in support of charitable purposes, with the explicit understanding that those investments will earn below-market returns, adjusted for risk and mission. The vast majority of PRIs are loans or loan guarantees, and although they are not grants, they count toward a foundation’s payout requirement in the year a disbursement is made.
Takeaways are critical, bite-sized resources either excerpted from our guides or written by Candid Learning for Funders using the guide's research data or themes post-publication. Attribution is given if the takeaway is a quotation.
This takeaway was derived from Program-Related Investing.