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.


Grant

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

Grant

DreamSpring – FirstBank PPP Credit Facility

$4,666,500 | Awarded: 2020

In 2020, Gates Family Foundation used its balance sheet to guarantee a loan totaling $12.5 million from FirstBank to Colorado’s three SBA-approved nonprofit lenders

Grant

The Colorado Sun

$1,500,000 | Awarded: 2020

An impact investment of up to $1.5 million to support The Colorado Sun’s efforts to grow its nonpartisan, independent news coverage of important issues

Grant

DreamSpring

$500,000 | Awarded: 2019

To support the Small Business Impact Fund with an unsecured loan for two years at 2 percent interest. This investment was made alongside an

Grant

Colorado Charter Facility Solutions

$5,000,000 | Awarded: 2017

A program-related investment to help capitalize Colorado Charter Facility Solutions, which provides and facilitates affordable facility solutions that increase the number of high quality

Grant

AXL Academy

$250,000 | Awarded: 2014

A loan guarantee toward renovation of their expanded facilites to accommodate more students