Program-Related Investment (PRI)

A loan or other investment (as distinguished from a grant) made by a foundation or corporate giving program to another organization (including a business enterprise) for a project related to the grantmaker's stated charitable purpose and interests. Program-related investments are often made from a revolving fund; the foundation or corporation generally expects to receive its money back with interest or some other form of return at less than current market rates, which becomes available for further program-related investments.