Program Related Investments (PRIs) are a powerful and flexible tool to add to your grant maker’s toolkit. Simply put, a PRI is a loan or other type of investment made by a foundation to support a charitable initiative. The investment can be counted toward a foundation’s 5% distribution requirement as long as it serves a charitable purpose and meets a few basic requirements.

For small foundations, PRIs can be an effective way to leverage limited assets. While slightly different from traditional grantmaking, PRI-making needn’t be intimidating. As a grantmaker, you already have most of the tools and knowledge to make a sound PRI. The best part is that the funds come back to the foundation to be used for other PRIs or for grants!

A complimentary copy of the new ASF Primer on PRIs will be distributed to all program attendees! Join PRI experts and your peers for a dynamic lunch discussion.

About the Speakers:

Susan Halliday is Director of Finance of the Jacobs Family Foundation and Jacobs Center for Neighborhood Innovation (JCNI). She manages the PRI programs for both foundations, as well as all areas of finance, accounting, and administration, including developing budgeting and cash flow management tools to guide JCNI toward both short and long-term financial goals. Susan leads a team that works hands-on with non-profit organizations in the community to build their financial and accounting reporting systems. Prior to joining JCNI, she served as a CFO in the manufacturing sector. She holds a Bachelor of Science degree in Accounting from California State University, Northridge.

Lisa Richter co-founded GPS Capital Partners to assist foundations and other institutional investors to design and implement investment strategy that enhances mission and public purpose goals. GPS designed and delivers the PRI Institute, a comprehensive training program for foundation professionals sponsored by the PRI Makers Network, a grantmaker association of 150 foundations that make PRIs or are planning to do so. Lisa brings to foundation consulting 20 years of development finance experience with ShoreBank Corporation. She received a BA and MBA from the University of Chicago.

Trustees and staff from your own or other foundations are welcome to attend, so please spread the word! p>RSVP- There is no charge for this lunch program. Kindly RSVP by March 31 to Akilah Massey at ASF at Akilah@smallfoundations.org or toll free (888)212-9922 with your name, foundation, and affiliation (ASF or SDG).

This program is not an opportunity for solicitation of any kind and is not open to grant seekers.