In addition to traditional grants, the Foundation makes program-related investments (PRIs). PRIs are typically low-cost loans or loan guarantees and equity investments provided at below-market rates and with expected higher levels of risk. Like grants, PRIs are made to support a charitable activity in one of our core areas of interest. Unlike grants, PRIs are expected to be repaid and may provide a financial return over the course of the investment.
The Foundation has utilized PRIs to help schools and other nonprofits secure loans to modernize and expand their facilities, to provide housing assistance through a revolving loan fund, to provide capital to nonprofits seeking to offer jobs and job training to unemployed individuals, and to secure stable facilities for organizations providing critical social services. --
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