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What on earth is a Program Related Investment (PRI)? The more one reads online to try and understand this and other financial tools that might help an organization, the easier it is to become lost and confused. Sometimes you just need a face-to-face conversation and some examples. PRIs may help a program acquire property; reach scale; create jobs, products or services; or approach self-sufficiency. They can be applied to both traditional commercial entities with charitable purposes or to organizations with nonprofit structures. In short, PRIs are “investments made by foundations to support charitable activities that involve the potential return of capital within an established time frame.” (The Foundation Center) They may take the form of linked deposits, loans, or equity investments, among others. Some program areas funded by PRIs include: Affordable Housing, Arts, Community Development, Cultural Organizations, Historic Preservation, Economic Development including Entrepreneurship and Micro-Businesses, Charter Schools, Health Clinics, Child Care Centers, Faith-based Structures and Programs, Social Services, and Open Space and Wildlife Habitat Protection. Come join this conversation in Portland, OR, on Tuesday, April 27th, as part of a day of hands-on workshops that follow up on Monday’s ReVisioning Value conference. Learn how foundations are increasing impact through the use of Program Related Investments. Understand the challenges, potential, and trends of PRIs and how they could work for you, whether you are a foundation interested in moving in this direction, or a change organization getting ready to receive one. Peter Berliner, Managing Director, PRI Makers will host a workshop specifically addressing PRIs. Bring questions, bring examples, bring concerns. Read What are our readers’ experiences with PRIs? Please share your thoughts, knowledge, doubts and praise for Program Related Investments in the comments section below! Engaging boomers in change. There’s been so much talk over the last decade about how we will handle the boomer generation as its workforce retires and ages. Why is it an assumption that retirement is a necessary byproduct of aging? Perhaps many wish to retire. But there are plenty of individuals who cannot imagine relinquishing their creative and productive energy just because they have reached a certain age. Let’s bust this myth of a golden retirement! At ReVV 2010 we will hear from those tapping the wealth of skill and wisdom of this generation for good. New partnerships are bringing human capital to the social innovation ecosystem by leveraging the talent of boomers who want to continue growing and learning by transferring their skills to social ventures. Learn more about the work of these encore innovators and the organizations that support their journey from success to significance! Investment strategies are slowly beginning to change. Investors are looking at environmental and social ventures as strategic opportunities to promote change and make a profit. There is inherent risk in any investment. But dropping one’s money into an organization whose explicit motivation is not the maximization of financial profit but rather the maximization social profit takes boldness. Who is stepping up to invest for impact rather than the bottom line? And can they make money doing this? At ReVV 2010, observe RSF Social Finance CEO, Don Shafer, discuss with Mark Ahn, Associate Professor of Global Management, at Willamette University, and Lewis Hower of Huntsman Gay. Hear how social investment firms and foundations are shifting to the use of program-related investing and other financial tools to accelerate social and environmental impact worldwide. And listen to Malaika Maphalala of Natural Investments and Justin Conway of Calvert Foundation discuss impact investing. There’s a lot of talk about impact investing, but how do investees and investors come together? Hear from all sides of the investment deal, from the investors who want to reach social change organizations and businesses, an organization that works to create investment vehicles to bridge investor and investee, and a social enterprise that has benefited by them. Learn how the new partners in change work together to create new roles for everyone—for good. Learn More- Watch Read Alex Counts, President of Grameen Foundation, will shed light on and engage attendees in a conversation on social business. What is a social business? How does it differ from a non-profit? What advantages does this model offer for systemic change? And what is the relationship between Danone and Grameen Bank in Bangladesh?
After Grameen Bank redefined the concepts of finance and banking, it continues to redefine business, offering up new ideas and strategies for how to create a better world. Understand the potential of business to change the world in new ways.
Grameen Foundation is a non-profit founded in 1997 by friends of Grameen Bank to help microfinance practitioners and spread the Grameen philosophy worldwide.
Register for ReVV 2010 to join the conversation!
Read, listen, watch more about Alex Counts, Social Business, Microfinance and Grameen Foundation http://www.grameenfoundation.org/ Follow the ReVV on Twitter (@Revisionvalu) and visit www.revisioningvalue.org ReVisioning Value Conference (ReVV 2010) Come join Springboard Innovation for a conference that will be a whole lot more. ReVV 2010: The Conference brings together leaders from the varied fields of impact investing and social innovation to share how new models for both are increasing the flow of capital to the creation of a more just and sustainable world. At Springboard our intention and mission is to: Teach—Local Agenda, educating and inspiring the changemaker inside Convene—Social Innovation Forum, convening community innovators for action Fund—ChangeXchange, propelling social innovation through microphilanthropy Build—Innovative Cities, building a municipal ecosystem for change ReVV 2010 will work in all these areas. It will educate by challenging common assumptions about what non-profits can and cannot do, the role of the for profit sector in change, and what is the potential of creative collaboration between the two. It will convene leaders and learners not just for listening and networking but also for action. Join day two, a day of in-depth workshops and action roundtables—putting the ideas into motion. It will bring funders and changemakers together, addressing new models of financing innovation and examining new metrics and understanding value. Follow our weekly updates that will highlight speakers and conference content! Follow the ReVV on Twitter (@Revisionvalu) and visit www.revisioningvalue.org |
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