September 14, 2006
A Guide for Foundations That Want to Offer Loans, Other Investments to Charities
Program-Related Investing: Skills and Strategies for New PRI Funders, by Neil Carlson, gives wary foundations a beginner's guide to program-related investments, or those "made by foundations in support of charitable purposes, with the explicit understanding that those investments will earn below-market returns, adjusted for risk and mission." The publication gathers suggestions from organizations that make such investments and those that have just
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