Bay Area Community Impact Fund – Applicant Overview
The Bay Area Community Impact Fund (“Fund”) provides nonprofit organizations and social enterprises with low-interest, long-term loans and loan guarantees. These investments are also known as Program-Related Investments (“PRIs”).
The goal of this fund is to finance high-impact projects that align with our racial and economic equity agenda in underinvested communities. The Fund primarily lends to community development lenders and established nonprofits with demonstrated ability to use and repay loans. By providing nonprofits with access to affordable capital, our Fund enables organizations to expand their activities and finance high-impact projects. As loans are repaid, the Fund uses the money to invest in new projects, recycling capital to the continuing benefit of the region.
PRIs are an important complement to the foundation’s grantmaking, supporting our mission and amplifying our programmatic impact in a sustainable way. Our fund is a with our donors. Funds come from the foundation’s endowment and from donors willing to invest some of their charitable resources for these catalytic projects. Making PRI investments allows us to fund projects at a scale that wouldn’t be possible with grantmaking alone.
“Our nonprofits are the front line against displacement and gentrification. If they’re not strongly rooted in Oakland, it’s going to be really hard to keep other people here.” – Orson Aguilar, president of The Greenlining Institute, which received a PRI loan to complete the renovation of their building, enabling them and their nonprofit tenants to remain in Oakland — read more.
Our Current Portfolio
Together with our donors, we have made 19 loans totaling over $12.5 million. Read more about the fund’s borrowers and their impact.
How to Apply
We accept PRI applications on a rolling basis. If your organization and project meet the criteria in the PRI Application Information Form, contact Melanie Jiménez at (415) 733-8540 or firstname.lastname@example.org to discuss available options.