Leveraging the power of foundations: An analysis of program-related investing

Abstract

Most foundations invest in and support charitable activities through grants. In today's economy, foundations are investigating how to stretch their assets and program-related investments (PRIs) are attracting interest. This report by the Indiana University Lilly Family School of Philanthropy project team gives readers a greater understanding of PRIs and a new awareness of their strategic use. Particularly helpful is its discussion of how foundations can overcome the challenges of PRIs and reap their various benefits through peer learning and foundation networks that target PRI-trained employees, intermediaries, consultants, and legal counsel.