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.


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


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


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