The report, commissioned by the Kresge Foundation identifies capital hurdles and opportunity roadmaps to utilize various forms of capital – including mission-related and program-related investments (PRIs)– to support America’s need for talent.
The $5.5 million fund, packaged through the Packard Foundation, is expected to help catalyze the development of forestry projects and conservation initiatives.
The US Treasury Department and IRS finalized regulations that will make it easier for private foundations to make Program-Related Investments (or PRIs). Foundations may make investments now that provide both a charitable and a financial return without fear of facing a tax penalty.