Program Related Investments Fund
Please note: As the foundation implements its equity strategy, we are taking a close look at our special programs, initiatives, and funding collaboratives. Please watch this space for information about the future direction of this work.
The Program Related Investments (PRI) Fund extends the reach of our assets in support of strategic priorities.
Through PRIs, we are able to recycle capital, help unlock much-needed credit for nonprofits, and leverage additional capital into under-served or under-invested communities. The Fund builds on our history of providing loans and loan guarantees. It is also a strategy to provide and catalyze additional sources of financing for the nonprofit sector, to meet community needs that traditional bank financing does not support.
How it Works
Our PRI Fund provides loans and loan guarantees to entities that are mission driven and that are aligned with our five Program areas: arts and culture, community development, community health, education, and environment. The PRI program works primarily through intermediary and established nonprofit organizations that have a demonstrated ability to use loans to scale their operations and increase impact.
Our Current Portfolio
We began providing loans and loan guarantees in 2002. In March 2009, we increased our commitment by allocating $5 million from our endowment, and in 2014 have had donors join in investing in the pool. The San Francisco Chronicle profiled our PRI Fund work showing how a $500,000 low-interest loan from The San Francisco Foundation to Opportunity Fund for small business creation helped pay for Onigilly’s microloan.
Read more about the current borrowers and their stories of impact made possible through the PRI Fund.
We encourage you to read these Frequently Asked Questions to learn more the work that we’re doing to unlock much-needed credit for nonprofits.