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CONTACT: Steven Lawrence Director of Research The Foundation Center (212) 807-2410 sal@foundationcenter.org |
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Doing Good with Foundation Assets
An Updated Look at Program-related Investments
For four decades U.S. foundations have had the ability to make below-market-rate investments in activities consistent with their missions and count these investments as part of their annual charitable distributions. Of the nation's more than 75,000 grantmaking foundations, the Foundation Center has tracked 173 private and community foundations that made program-related investments (PRIs) totaling $734 million in 2006 or 2007. While the development of low-cost housing, community development, and microfinance have historically attracted PRIs, there is growing use of PRIs in areas such as education, arts and culture, social and health programs, and environmental sustainability. "Doing Good with Foundation Assets: An Updated Look at Program-related Investments" appears in the new 3rd Edition of The PRI Directory: Charitable Loans and Other Program-related Investments by Foundations, published by the Foundation Center in partnership with the PRI Makers Network.
For more information contact Steven Lawrence, Director of Research,
About the Foundation Center
Established in 1956 and today supported by close to 550 foundations, the Foundation Center is the nation's leading authority on philanthropy, connecting nonprofits and the grantmakers supporting them to tools they can use and information they can trust. The Center maintains the most comprehensive database on U.S. grantmakers and their grants — a robust, accessible knowledge bank for the sector. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level. Thousands of people visit the Center's web site each day and are served in its five regional library/learning centers and its network of more than 400 funding information centers located in public libraries, community foundations, and educational institutions in every U.S. state and beyond. For more information, please visit foundationcenter.org or call
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