A program-related investment is an arrangement by a foundation that meets the following qualifications:
- Whose core purpose is to achieve one or more of a foundation's exempt purposes
- That does not consider taking part in a political campaign on behalf of a candidate or influencing legislation a purpose;
- Does not consider the appreciation of property or production of income as a significant objective
Here are some examples of program-related investments
Equity Investment in Small Business
X is a small business enterprise located in a deteriorated urban area and owned by members of an economically disadvantaged minority group. Conventional sources of funds are unwilling to provide...more
Loans to Individuals to Attend College
X is a socially and economically disadvantaged individual. Y, a private foundation, makes an interest-free loan to X for the primary purpose of enabling X to attend college. The loan has no...more
Support for Low-Income Housing
Y, a private foundation, makes a high-risk investment in low-income housing, the indebtedness with respect to which is insured by the Federal Housing Administration.
Y's primary purpose in making...more
Airbnb, the San Francisco-based online marketplace and hospitality service brokerage company, is offering a tour of its headquarters with a company employee as a tour guide.