PFS2304. Investing for Purpose - Opening Doors that may have Previously Been Closed

This session will cover using Foundation capital to increase investment in underrepresented communities. We will examine: - current program related investments and what investments can qualify as a PRI. - when can an investment in a partnership qualify as a program related investment. - how Foundations can bring capital into a community by putting funds on deposit in rural credit unions or providing loan guarantees. This session will also take a deep dive in the current CECL GAAP rules and guidance.

Learning Objectives:

• Recall grantmaking practicalities and practices
• Recognize the differences between legal requirements and foundation policies