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Innovate. Leverage. Grow. | |
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Greetings!
From every indication, the field of social investing is experiencing explosive growth. In 2010, the Network now at 125 - gained 49 new members. More than 500 individuals attended events organized to facilate greater investing, including our national conference, the PRI Institute, webinars and workshops at grantmaker conferences and events around the country.
In 2011, we will offer our PRI Institute, webinars, and other training opportunities for those new to PRI making; add programs for advanced PRI makers, and support emerging communities of interest, such as community foundations and international investors. We will also work with other networks to deliver the information and resources you need to advance your work. Visit our online calendar for a preview of upcoming events, and call us if you need specific kinds of help.
Thank you to our foundation and Affiliate members for supporting this work. If you are not yet a member, we encourage you to join us as we work together to build the capacity of the field in 2011 and beyond.
Peter Berliner
PRI Makers Network |
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If you have any questions about the PRI Makers Network website or your username/password, please contact Shiho Fuyuki. | |
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Job Opportunities
The F.B. Heron Foundation |
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What's New at the Network
Resources Available for CDFI Investors
On December 8, we offered a new webinar, On the Road to CDFI Investing, to learn why so many foundations are investing in Community Development Financial Institutions to support their missions and use CARS™, the CDFI Assessment and Ratings System, to support their work. If you missed the webinar, you can access the audio recording and slide presentation at your convenience.
The Network is working with CARS™ to expand affordable access to CARS™ ratings reports for smaller foundations through a discounted group subscription. If your organization might be interested in participating in order to receive reports on a specific CDFI, please let us know.
PRI Makers Network Member Gathering in Seattle Friday, January 14, noon - 1:30 p.m. |
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Thank You 2010 Supporters!
We are grateful to all of our sponsoring organizations that contributed $5,000 or more to the Network this year, including the following organizations that have contributed $5,000 or more to promote the effective use of PRIs. Thank you!
Helen Bader Foundation, Inc.
Blue Moon Fund
The Boston Foundation
The California Endowment
Calvert Social Investment Foundation
The Annie E. Casey Foundation
Coastal Enterprises, Inc.
Deutsche Bank Foundation
The Ford Foundation
Bill & Melinda Gates Foundation
The George Gund Foundation
The F.B. Heron Foundation
Conrad N. Hilton Foundation
Jacobs Center for Neighborhood Innovation
The Robert Wood Johnson Foundation
The Kresge Foundation
The John D. and Catherine T. MacArthur Foundation
The McKnight Foundation
Melville Charitable Trust
Meyer Memorial Trust
Northwest Area Foundation
Gordon and Betty Moore Foundation
The David and Lucile Packard Foundation
Prudential Foundation
Rasmuson Foundation
RSF Social Finance
The Rockefeller Foundation
Skoll Foundation |
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PRIs in the News
Innovative Public-Private Partnership Introduces $100 MIllion Program to Preserve Affordable Rental Homes
Debra Schwartz, director of Program-Related Investments at The John D. and Catherine T. MacArthur Foundation, shares that in difficult economic times, major financial institutions, philanthropy and the federal government are working together to mobilize the capital needed to save thousands of at-risk affordable rental homes. The MacArthur Foundation will provide a $20 million guaranty in connection with this new effort that aims to attract $100 million for nonprofit developers working to preserve and renovate rental properties nationwide.
PGE Foundation Makes Its First PRI
The PGE Foundation, in partnership with the Meyer Memorial Trust, awarded its first-ever PRI to Serendipity Center in Portland, OR, an accredited therapeutic school and certified mental health agency that provides specialized education and treatment services to children. The Foundation's $25,000 five-year, below-market-rate loan provides bridge financing to complete Serendipity's capital expansion project. The Foundation has previously supported Serendipity with grants. |
Social Investing in Canada
The Canadian Task Force on Social Finance champions policies and strategies to promote social investing. In Mobilizing Private Capital for Public Good, the Task Force outlines seven recommendations to strengthen and expand the sector, including that Canadian foundations invest at least 10% of their capital in mission-related investments by 2020, and that the federal and provincial governments partner with foundations to establish Impact Investment Funds to spur social investments. |
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Happy Holidays from the PRI Makers Network and Philanthropy Northwest Staff! |
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 Peter Berliner
Managing Director
Phone: 206.443.8462
Fax: 206.441.4622
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