Candid Learning

Candid Learning offers information and resources that are specifically designed to meet the needs of grantseekers.

Knowledge base

What is a program-related investment?

To locate funders that make PRIs:
Use Foundation Directory, our searchable database. Search for "Program-related investments" under the Transaction Type field. Subscribe to search from your own location, or search for free at one of our partner locations.

Topic(s)

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Explore resources curated by our staff for this topic:

Staff-recommended websites

How to decide whether your start-up should be nonprofit or for-profit in 4 easy steps

"An oversimplification" by Ben Wirz, Director of Business Consulting, John S. & James L. Knight Foundation. Slideshow presents basic questions that startups should ask themselves.

The Use of LLCs in Fiscal Sponsorship - A New Model

Lawyers Steven Chiodini and Gregory L. Colvin discuss a new model, "Model L", in which the fiscal sponsor acts as the sole member of a limited liability company (LLC) from which the sponsored project is conducted. Published May/June 2011.

StartSomeGood: Igniting Ideas, Investment & Impact.

StartSomeGood is a peerfunding site - a platform for social entrepreneurs to gather a community and raise the funds needed to create change. Designed by social entrepreneurs for social entrepreneurs.

Social Enterprise Alliance

Membership organization provides multiple resources about social enterprise: digital library of research, publications, and articles; surveys; listserv; and more.

Institute for Social Entrepreneurs

Provides seminars and training, resources and downloads of information for social enterprises around the world.

Exploring the Continuum of Social and Financial Returns: When Does a Nonprofit Become a Social Enterprise? [PDF]

This PDF paper investigates the continuum of social/financial returns and looks at the different types of organizations that fall on this continuum.

Social Venture Network

Provides information and convenes conferences for charities and businesses interested in operation in a socially responsible and environmentally sustainable way.

Stanford Social Innovation Review

The Stanford Social Innovation Review offers strategies, tools and ideas for nonprofits, foundations and socially responsible businesses.

Social Entrepreneurship

Collection of online resources, articles and links to other organizations that address the topic of social entrepreneurship

Social Enterprise Typology

This typology breaks down the traditional boundaries between the nonprofit and private sectors and draws definition to this new institutional animal--part business-part social--the social enterprise.

Social Enterprise business models

Explore different business models that will allow you to deliver social value to your customers, including fee-for service, employment, market linkage, or service subsidization.

Social Entrepreneurs

Features information about social entrepreneurs supported by the Skoll Foundation.

For Love or Lucre

A veteran social entrepreneur provides a guide to those who are thinking through the thorny question of whether to create a nonprofit, a for-profit, or something in between

A New Type of Hybrid

Social entrepreneurs have taken the hybrid model to a new level, crafting it into what is in effect a single structure that can operate as both a for-profit and a nonprofit.

Short- and Long-Term Approaches to Finding New Revenue Sources

Tips and techniques for conducting a feasibility study and market research on your target audience before launching your venture idea. NOTE: This is an archived version of the original page.

Does Your Organization Have What it Takes to Start a Business Venture?

Assess your organization's readiness and capacity for starting an earned income venture. NOTE: This is an archived version of the original page.

10 Free Things Every New Social Entrepreneur Should Have

An article providing 10 useful tips for social entrepreneurs.

Mission Investors Exchange

Mission Investors Exchange was launched in May 2012 as the culmination of the integration of PRI Makers Network and More For Mission. Mission Investors Exchange members include more than 230 foundations and mission investing organizations.

Why Program-Related Investments Are Not Risky Business

Author Nicole Motter outlines the pros and cons of PRIs for social enterprises and private foundations.

Program-Related Investments: Is There a Bigger Opportunity for Mission Investing by Private Foundations?

This paper outlines the barriers to mission investing (or program-related investing), and explains ways to remove the barriers.

Program-Related Investments

California nonprofit attorney Gene Takagi discusses program-related investments in his blog.

Program-Related Investing: Skills and Strategies for New PRI Funders

This guide walks through the process of PRI investing step-by-step.

Leveraging the Power of Foundations: An Analysis of Program-Related Investing

Report offers an overview of the key trends in program-related investing. Findings reveal how program-related investments are gaining attention in the philanthropic landscape and what the potential barriers to their diffusion might be.

Investing In the Future: Mission-Related and Program-Related Investments for Private Foundations

Describes the different tax consequences for private foundations interested in program-related investments and mission-related investments.

Program-related investments

IRS's definition of a program-related investment (PRI).

SCORE, Mentors for America's Small Businesses

A national association that can give you a personal business coach to help you with every step of your business. SCORE has offices in each state and 24/7 online advisors.

National Center on Nonprofit Enterprise

Learn here about training, planning, financing, measuring performance, and managing nonprofit risk. NCNE provides information, resources, and training on earned income strategies and finance for nonprofit organizations.

Staff-recommended books