Program-Related Investment Archives - Page 2 of 3 - 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.


Grant

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

Grant

DreamSpring – FirstBank PPP Credit Facility

$6,250,000 | Awarded: 2021

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

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

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