Program-related investments (PRIs) are loans or other investments made by a foundation to support its charitable purpose. They count toward a foundation’s distribution requirement as long as they meet specific criteria. The key advantage? The funds are typically returned to the foundation, allowing them to be reinvested in future PRIs or grants. How does a PRI... Read More
Creating a supportive work environment is sure to help your foundation achieve its goals. Use this checklist to review your foundation’s HR policies and be well on your way to managing staff legally and ethically. Read More
Including clear procedures for monitoring, evaluating, and changing your investment advisors in your investment policy statement (IPS) is essential to fulfilling fiduciary responsibilities. Investment advisors can include external consultants, an outsourced chief investment officer (OCIO), and/or investment managers, each playing a crucial role in supporting the foundation’s financial goals. Establishing Accountability and Best Practices To... Read More