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

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Loan to Small Enterprise in Deteriorated Urban Area

The ACME Manufacturing Co. is a small business operating in a under-served urban community. It is owned by a group of African American and Latino men and women. The company has approached a number...more

Extension of Loan Terms on an Existing Program Related Investment

The ACME Manufacturing Co. is a small business operating in a under-served urban community. It is owned by a group of African American and Latino men and women. The company has approached a number...more

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

Below Market Interest Loan to Un-Disadvantaged Business Owners

X is a business enterprise which is not owned by low-income persons or minority group members, but the continued operation of X is important to the economic well-being of a deteriorated urban area