Program-Related Investment Archives - Gates Family Foundation

News: Program-Related Investment

Program-related investments (PRIs) are impact-first investments that generally are structured to achieve below-market rate returns.


Telluride Foundation

$200,000 | Awarded: 2021

The Rural Housing Initiative is a public-private-philanthropic partnership to build affordable, for-sale housing in rural Colorado. The Telluride Foundation launched the initiative to address



$250,000 | Awarded: 2021

indieDwell, based in Boise, Idaho, is a public benefit corporation (PBC)* that builds modular, durable, sustainable, energy-efficient, affordable housing, while also creating living-wage jobs


Montbello Organizing Committee

$200,000 | Awarded: 2021

Montbello FreshLo is a community-driven development project located on 1.3 acres in the historically underserved Montbello neighborhood of Denver. The building will include 43,000


Colorado Community Media

$750,000 | Awarded: 2021

Colorado Community Media (CCM) is a profitable, family-owned chain of 22 weekly newspapers, two monthlies, and 23 websites serving the suburban and exurban Denver


Palmer Land Conservancy

$500,000 | Awarded: 2021

The Palmer Land Conservancy established the Bessemer Farmland Conservation Project as a long-term, multifaceted, landscape-scale conservation initiative that seeks to bolster the communities and


Dearfield Fund for Black Wealth

$1,000,000 | Awarded: 2021

Dearfield Fund for Black Wealth is a market-based solution to addressing the racial wealth gap. The Fund’s goal is to accelerate homeownership among Black


First Southwest Community Fund

$500,000 | Awarded: 2020

An impact investment (at 0% interest for seven years) to support the capitalization of the Rapid Response and Recovery Loan Fund the technical assistance