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Greetings!
Based on the impressive new PRIs featured in this and other recent newsletters, we know that the pace and value of philanthropic investing is accelerating. In addition, a growing number of foundations are looking at mission investments both as a way to further their program goals and manage at least a portion of their investments. In response, new tools are being developed to support this growth. In our new webinar series, Tools for Investors, we will provide opportunities to learn more about IRIS, ImpactBase, Mission Markets and other important resources for mission investors. You can learn more about other PRIs made by Network members by reviewing past issues of PRI Makers Network newsletters.
Peter Berliner
Managing Director |
 In the News |
Ford Foundation Provides $3.75 Million to ArtSpace
Artspace received a 10-year, $3 million PRI at one percent in conjunction with a $750,000 grant through Ford Foundation's Supporting Diverse Arts Spaces program. The PRI will primarily be used for pre-development activities for up to a dozen artist housing projects and art centers across the U.S. Artspace is the nation's leading developer for the arts with goals to create, foster, and preserve affordable space for artists and arts organizations.
Administered by NCB Capital Impact, this investment builds upon the Foundation's past support for the development of the innovative Green House model of community-based care, and sends a market signal that health is the new frontier for impact investing.
California Endowment Releases $7.5 Million PRI RFP
The Endowment is seeking proposals from nonprofit organizations whose activities contribute to its ten-year Building Healthy Communities plan. Applicants may request PRIs ranging from $500,000 to $2 million for periods of up to 10 years.
McKnight Foundation Makes $5 Million PRI for Economic Development in Minnesota
The Foundation's investment in the Northland Foundation supports their Business Finance Program and Assisted Living intiative, and enhance organizational capacity.
Feds Grant CEI $3 Million for Food System Loans
Coastal Enterprises, Inc. will use this grant from the U.S. Treasury's Healthy Foods Initiative to increase the availability of loans to retailers, farmers, food co-ops, food pantries and farm-to-school programs that service low-income residents in rural communities and small cities in New England.
Antony Bugg-Levine Named CEO of NFF
Bugg-Levine, currently managing director of The Rockefeller Foundation, will lead the Nonprofit Finance Fund, a CDFI dedicated to embracing traditional and innovative approaches to financing social change.
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Upcoming Network Events |
New! Tools for Investors Webinar Series
As part of our ongoing efforts to provide practical information and opportunities to learn from peers, we are pleased to offer a new webinar series that will provide information about important tools for new and experienced mission investors and showcase the work of prominent organizations in the impact investing field. Keep an eye on this page for new sessions to be added this fall.
All About IRIS
Wednesday, October 19
The first session in our Tools for Investors webinar series, co-sponsored by the Global Impact Investing Network (GIIN), will help you answer the question, Which project will perform better? Learn about GIIN's Impact Reporting and Investment Standards (IRIS) and how the KL Felicitas and Packard Foundations have utilized them in their PRI programs.
PRI Institute
November 9 - 11
The Robert Wood Johnson Foundation
Princeton, NJ
The PRI Institute brings together industry experts to provide two-and-a-half days of intensive training for PRI practitioners, foundation leaders and trustees. Space is limited to 30 and seats are filling fast - register now!
Finding a Fund:
Investment Fund Search Tools for PRI & MRI Investors
Wednesday, November 16
Ready to invest but not sure where to start? Join this second session of our Tools for Investors webinar series to learn from Luther Ragin and Adam Gromis of GIIN and David Wood of More for Mission about the role of funds in the impact investing marketplace and available resources, such as GIIN's ImpactBase, for finding one that is right for you.
2012 PRI Makers Network National Conference
May 8 - 10, 2012
Seattle Waterfront Marriott Hotel
Plan to join us in Seattle for our 2012 National Conference. Watch for early-bird registration to begin soon. |
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New at the Network | |
Welcome New Members!
Thirty-one organizations have joined the Network in 2011. Please join us in welcoming our most recent new members:
Bush Foundation of St. Paul, MN focuses on strategies to increase educational achievement and the vitality of Native communities.
Michael & Susan Dell Foundation of Austin, TX focuses on transforming the lives of children living in urban poverty through better health and education.
David Rockefeller Fund of New York City supports community, arts, criminal justice projects and the environment, as well as individual and collaborative philanthropic initiatives by the family.
The Ross Foundation of Parkersburg, WV is a family foundation funding a range of community projects to improve the quality of life in a multi-county area.
The Santa Barbara Foundation is a California community foundation that is a center of civic and philanthropic activity in the county and a significant supporter of community organizations and efforts. |
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Article of Interest |
GIIN Releases Dear Colleague Letter in Support of IRIS
Twenty-nine impact investors, including large-scale financial institutions, asset managers, development finance institutions, institutional foundations and investment funds, have signed on in support of promulgating standardized social and environmental performance reporting as an industry best practice. |
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Resource | |
GlIN Releases First IRIS Performance Data Report 
The Global Impact Investing Network released its first Impact Reporting and Investment Standards (IRIS) performance data report entitled Data Driven: A Performance Analysis for the Impact Investing Industry. The report is intended to demonstrate the value of IRIS performance data as complementary to case studies and anecdotal stories about mission-driven organizations and funds. The analyses provide a snapshot of performance across a group of organizations working with impact investment intermediaries, and begin to indicate the potential for IRIS to enhance market intelligence. |
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| Events of Interest |
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SRI in the Rockies: The Future of Investing
October 2
New Orleans, LA
This premier annual gathering of investors and investment professionals working to direct the flow of investment capital in more positive, healthy, and transformative ways offers many opportunities to meet and learn from passionate, creative people from all corners of the sustainable and responsible investment industry (SRI) in the U.S. and around the world. |
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Slow Money 3rd National Gathering 
October 12 - 14
San Francisco, CA
Join this emerging community focused on small food enterprises at an event that integrates internationally recognized thought leadership, next generation social entrepreneurship, and an environment that fosters shared learning across the full spectrum of backgrounds - from the most sophisticated financiers to individual investors, from farmers to food entrepreneurs. |
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2011 Opportunity Finance Network Conference
November 14 - 17
Minneapolis, MN
Entitled Impact. It's What We Do, this conference is the place to be for networking, learning and thinking about the future of the CDFI industry. A PRIs 201 session for foundations only featuring Tracy Kartye of the Annie E. Casey Foundation will be held at 2:15 pm on the 15th. |
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