Program-Related Investment Archives - Gates Family Foundation
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News: Program-Related Investment

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



$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


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


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


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