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PRI Makers Network Members in the News
- The Kresge Foundation created the Community Relief Fund to help Human Service agencies responding to economic crisis. The 24- to 36-month, interest-free program-related investment fund will offer bridge loans of $250,000 to $500,000 each to high-performance human service organizations to help them to better meet increasing demands for food, shelter, and other emergency services.
- The Seattle Foundation announced a $1 million program-related investment in the National Development Council (NDC) to help create an $8 million revolving loan fund, supporting economic development and job retention and creation. The Grow Seattle-King County Fund is part of the Seattle Foundation's strategy to increase the financial viability and stability of businesses in low-income neighborhoods. The Seattle Foundation's investment in the fund reflects its commitment to using its assets in new ways to advance programs and causes it may have previously supported only with philanthropic grants.
- With the backing from the F.B. Heron Foundation and the John D. and Catherine T. MacArthur Foundation, ShoreBank created the Capacity Plus Loan Program to help nonprofit organizations access affordable credit. The fund allows foundations to secure bank loans to qualified nonprofit orgniazations via FDIC-insured CD deposits, or guarantee loans without moving cash assets. [Financial lifeline bolsters ailing charities, Chicago Tribune, July 20, 2009].
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| Upcoming Events of Interest and Opportunities to Connect |
Social Capital Markets 2009
September 1 - 3, 2009
San Francisco
SoCap09 is about making sense of the times and celebrating the renewed will and determination of the pioneers of social change. Human capital takes on new importance as entrepreneurs and funders learn how to do more with less.
Sponsored by the Slow Money Alliance, this conference in Santa Fe, New Mexico, will focus on ways to build local food economies through strategic investments. Featured speakers include Paolo di Croce, executive director of Slow Food International, Diane Miller, president, Blue Moon Fund, and Joan Gussow, author of This Organic Life.
September 14 - 16, 2009
Skamania Lodge in Stevenson, WA
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| What's New at the Network: |
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| Welcome New Members!
Please join us in welcoming the following new members to our Network:
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Steering Committee Changes
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Member Survey Results Are In
Thank you to everyone who completed our recent membership survey. Your input helps us focus our efforts and provide you with the connections, information, and training you need to have the best PRI program possible.
Survey responses show that members:
- Find the opportunity to connect with peers most valuable, followed by opportunities to collaborate and assistance with measuring the impact of their PRIs.
- Want the Network to help raise the visibility of PRIs, as well as help identify investment opportunities and resources.
- Want to attend events in their communities, and 20 member organizations are willing to host such an event.
In the months ahead, the Network will put this feedback to work as we plan our events and activities. We hosted an informal lunch for Seattle members on August 6, and are planning networking events in Boston and San Francisco this fall. |
Save the Date for the 2010 PRI Makers Network Conference!
May 10 - 12, 2010 Chicago, Illinois
The conference committee, chaired by Debra Schwartz of the MacArthur Foundation, is hard at work planning our next national conference. Watch for more information in weeks ahead, including a survey about what you would like to see and learn about at the conference. If you have ideas or suggestions for the conference, please email conference coordinator, Ellen Stearns at ellenstearns09@gmail.com.
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Having trouble logging on to the PRI Makers Network website? If you need a username and password reminder, contact Administrative Assistant, Shiho Fuyuki.
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