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

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

Grant

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

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

$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

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